Kornitzer Capital Management Inc. KS Grows Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Kornitzer Capital Management Inc. KS boosted its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 10.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,760 shares of the construction company’s stock after buying an additional 6,140 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.21% of Sterling Infrastructure worth $11,077,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Quarry LP lifted its position in shares of Sterling Infrastructure by 510.7% in the third quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after acquiring an additional 143 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Sterling Infrastructure in the 3rd quarter valued at $26,000. Huntington National Bank lifted its holdings in Sterling Infrastructure by 21,300.0% in the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after purchasing an additional 213 shares in the last quarter. Signaturefd LLC boosted its stake in Sterling Infrastructure by 119.3% during the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock worth $43,000 after purchasing an additional 161 shares during the last quarter. Finally, Private Trust Co. NA purchased a new stake in shares of Sterling Infrastructure during the third quarter worth $78,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the sale, the director now owns 25,901 shares of the company’s stock, valued at $4,555,726.89. This represents a 7.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

STRL has been the topic of several research reports. StockNews.com downgraded shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. William Blair assumed coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating on the stock.

Sterling Infrastructure Stock Up 1.8 %

Shares of STRL opened at $132.40 on Tuesday. Sterling Infrastructure, Inc. has a 52-week low of $81.25 and a 52-week high of $206.07. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a fifty day simple moving average of $165.50 and a two-hundred day simple moving average of $154.43. The company has a market capitalization of $4.07 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 1.53 and a beta of 1.24.

About Sterling Infrastructure

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.