Signia Capital Management Lowers stake in Sterling Construction Company (STRL)

Sterling Construction Company (STRL) : Signia Capital Management reduced its stake in Sterling Construction Company by 0.89% during the most recent quarter end. The investment management company now holds a total of 505,636 shares of Sterling Construction Company which is valued at $2,133,784 after selling 4,521 shares in Sterling Construction Company , the firm said in a disclosure report filed with the SEC on May 2, 2016.Sterling Construction Company makes up approximately 6.24% of Signia Capital Management’s portfolio.

Sterling Construction Company closed down -0.1 points or -2.31% at $4.22 with 1,67,182 shares getting traded on Friday. Post opening the session at $4.31, the shares hit an intraday low of $4.19 and an intraday high of $4.31 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Russell Frank Co boosted its stake in STRL in the latest quarter, The investment management firm added 30,300 additional shares and now holds a total of 233,300 shares of Sterling Construction Company which is valued at $1,222,492.Rice Hall James Associates boosted its stake in STRL in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 341,731 shares of Sterling Construction Company which is valued at $1,790,670. Sterling Construction Company makes up approx 0.11% of Rice Hall James Associates’s portfolio.

On the company’s financial health, Sterling Construction Company reported $-0.37 EPS for the quarter, missing the analyst consensus estimate by $ -0.33 based on the information available during the earnings call on May 2, 2016. Analyst had a consensus of $-0.04. The company had revenue of $126.60 million for the quarter, compared to analysts expectations of $142.54 million. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.90 EPS.

Many Wall Street Analysts have commented on Sterling Construction Company. BWS Financial Downgraded Sterling Construction Company on May 3, 2016 to ” Hold”, Price Target of the shares are set at $6.

Sterling Construction Company Inc. is a heavy civil construction company engaged in the building and reconstruction of transportation and water infrastructure projects in Texas Utah Nevada Arizona California Hawaii and other states. The Company’s transportation infrastructure projects include highways roads bridges and light rail and its water infrastructure projects include water wastewater and storm drainage systems. The Company provides its services primarily by using traditional general contracting arrangements including fixed-unit price contracts lump sum contracts and cost-plus contracts. Through its subsidiaries the Company performs construction contracts produces aggregates from a leased quarry and produces asphalt.

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