Linscomb & Williams Has Cut Sterling Construction Co (STRL) Stake as Shares Declined; Three Corner Global Investors LP Increased Cbre Group (CBG) Stake

May 18, 2018 - By Marie Mckinney

Sterling Construction Company, Inc. (NASDAQ:STRL) Logo

Three Corner Global Investors Lp increased its stake in Cbre Group Inc (CBG) by 24.62% based on its latest 2017Q4 regulatory filing with the SEC. Three Corner Global Investors Lp bought 151,000 shares as the company’s stock rose 11.11% while stock markets declined. The hedge fund held 764,400 shares of the finance company at the end of 2017Q4, valued at $33.11 million, up from 613,400 at the end of the previous reported quarter. Three Corner Global Investors Lp who had been investing in Cbre Group Inc for a number of months, seems to be bullish on the $ market cap company. The stock decreased 0.23% or $0.11 during the last trading session, reaching $47.31. About 1.40M shares traded or Infinity% up from the average. CBRE Group Inc Class A (NYSE:CBG) has risen 31.31% since May 18, 2017 and is uptrending. It has outperformed by 19.76% the S&P500.




Linscomb & Williams Inc decreased its stake in Sterling Construction Co (STRL) by 72.49% based on its latest 2017Q4 regulatory filing with the SEC. Linscomb & Williams Inc sold 84,811 shares as the company’s stock declined 35.04% with the market. The institutional investor held 32,180 shares of the military and government and technical company at the end of 2017Q4, valued at $524,000, down from 116,991 at the end of the previous reported quarter. Linscomb & Williams Inc who had been investing in Sterling Construction Co for a number of months, seems to be less bullish one the $346.94 million market cap company. The stock decreased 0.62% or $0.08 during the last trading session, reaching $12.84. About 31,435 shares traded. Sterling Construction Company, Inc. (NASDAQ:STRL) has risen 15.25% since May 18, 2017 and is uptrending. It has outperformed by 3.70% the S&P500.

Since December 11, 2017, it had 0 insider purchases, and 10 selling transactions for $13.70 million activity. $1.16M worth of stock was sold by LAFITTE MICHAEL J on Thursday, February 15. 25,000 shares were sold by Frese Calvin W Jr, worth $1.10M. MALEK FREDERIC V also sold $2.24M worth of CBRE Group Inc Class A (NYSE:CBG) shares. KIRK J. CHRISTOPHER also sold $866,400 worth of CBRE Group Inc Class A (NYSE:CBG) on Tuesday, December 12. Shares for $2.25M were sold by GROCH JAMES R. CONCANNON WILLIAM F sold $1.41M worth of stock.

More notable recent CBRE Group Inc Class A (NYSE:CBG) news were published by: Streetinsider.com which released: “ValueAct’s 13F Shows New Stake in SLM Corp (SLM), Confirms Increase in Citi (C), Exits Microsoft (MSFT) (more…)” on May 15, 2018, also Bizjournals.com with their article: “Developer seeks approval to convert AT&T/Bell South building in downtown Orlando” published on May 03, 2018, Bizjournals.com published: “Passing the torch: Silver tsunami results in a dozen Orlando-area top leadership changeovers” on May 10, 2018. More interesting news about CBRE Group Inc Class A (NYSE:CBG) were released by: Bizjournals.com and their article: “TJ Maxx, Big 5 Sporting Goods, more sign Natomas leases” published on May 09, 2018 as well as Bizjournals.com‘s news article titled: “Exclusive: Orlando’s top CBRE exec Bill Moss retires, replacement named” with publication date: May 01, 2018.

Investors sentiment increased to 1.24 in 2017 Q4. Its up 0.28, from 0.96 in 2017Q3. It increased, as 28 investors sold CBG shares while 159 reduced holdings. 78 funds opened positions while 154 raised stakes. 308.33 million shares or 1.51% less from 313.05 million shares in 2017Q3 were reported. The North Carolina-based Fincl Bank Of America Corp De has invested 0.03% in CBRE Group Inc Class A (NYSE:CBG). Germany-based Dekabank Deutsche Girozentrale has invested 0.05% in CBRE Group Inc Class A (NYSE:CBG). Jensen Inv Mngmt Inc invested 0.01% in CBRE Group Inc Class A (NYSE:CBG). Susquehanna Grp Ltd Liability Partnership stated it has 0% of its portfolio in CBRE Group Inc Class A (NYSE:CBG). Advisory Services Network Ltd Llc stated it has 0.01% of its portfolio in CBRE Group Inc Class A (NYSE:CBG). Aperio Gp Ltd Limited Liability Company accumulated 460,364 shares. Blackrock invested 0.05% in CBRE Group Inc Class A (NYSE:CBG). Dimensional Fund Advsr LP reported 1.68 million shares or 0.03% of all its holdings. Cwm Ltd Company reported 152 shares or 0% of all its holdings. Ftb Advsr stated it has 851 shares or 0% of all its holdings. Thrivent For Lutherans reported 18,828 shares stake. The Alberta – Canada-based Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mgmt has invested 0.03% in CBRE Group Inc Class A (NYSE:CBG). Optimum Advsr holds 20,580 shares. Cleararc Capital reported 7,670 shares or 0.05% of all its holdings. Asset One Com Limited holds 470,306 shares.

Three Corner Global Investors Lp, which manages about $256.69 million and $350.35 million US Long portfolio, decreased its stake in Luxoft Hldg Inc (NYSE:LXFT) by 354,300 shares to 155,800 shares, valued at $8.68M in 2017Q4, according to the filing. It also reduced its holding in Eaton Vance Corp (NYSE:EV) by 58,100 shares in the quarter, leaving it with 194,900 shares, and cut its stake in Envestnet Inc (NYSE:ENV).

Among 13 analysts covering CBRE Group (NYSE:CBG), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. CBRE Group had 30 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Friday, November 3 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, December 21 report. The firm has “Market Perform” rating by Keefe Bruyette & Woods given on Monday, May 16. On Thursday, March 15 the stock rating was maintained by Barclays Capital with “Overweight”. On Monday, November 6 the stock rating was maintained by Bank of America with “Buy”. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, August 15. Barclays Capital maintained CBRE Group Inc Class A (NYSE:CBG) rating on Tuesday, July 18. Barclays Capital has “Overweight” rating and $42 target. JP Morgan maintained the shares of CBG in report on Tuesday, March 6 with “Overweight” rating. The rating was downgraded by JMP Securities to “Market Perform” on Wednesday, January 24. The stock has “Conviction-Buy” rating by Goldman Sachs on Wednesday, August 12.

Analysts await Sterling Construction Company, Inc. (NASDAQ:STRL) to report earnings on August, 1. They expect $0.23 earnings per share, 0.00% or $0.00 from last year’s $0.23 per share. STRL’s profit will be $6.21M for 13.96 P/E if the $0.23 EPS becomes a reality. After $0.09 actual earnings per share reported by Sterling Construction Company, Inc. for the previous quarter, Wall Street now forecasts 155.56% EPS growth.

Linscomb & Williams Inc, which manages about $2.25 billion and $1.22B US Long portfolio, upped its stake in Pepsico Inc (NYSE:PEP) by 3,444 shares to 45,810 shares, valued at $5.49M in 2017Q4, according to the filing. It also increased its holding in Us Bancorp Del (NYSE:USB) by 6,934 shares in the quarter, for a total of 67,117 shares, and has risen its stake in Intel Corp (NASDAQ:INTC).

Investors sentiment increased to 1.24 in 2017 Q4. Its up 0.24, from 1 in 2017Q3. It improved, as 6 investors sold STRL shares while 39 reduced holdings. 25 funds opened positions while 31 raised stakes. 18.65 million shares or 3.85% more from 17.96 million shares in 2017Q3 were reported. Franklin Resources holds 0% in Sterling Construction Company, Inc. (NASDAQ:STRL) or 395,317 shares. 68,138 are held by Clarivest Asset Limited Liability Company. Essex Inv Mngmt Ltd Liability, Massachusetts-based fund reported 134,946 shares. Federated Investors Pa accumulated 413 shares. The North Carolina-based Carroll Financial has invested 0% in Sterling Construction Company, Inc. (NASDAQ:STRL). Geode Mgmt Lc reported 232,990 shares. Renaissance Techs Ltd Liability Corp, a New York-based fund reported 1.92M shares. Tiaa Cref Inv invested in 93,296 shares or 0% of the stock. Mckinley Cap Mgmt Limited Liability Com Delaware has 160,426 shares for 0.13% of their portfolio. Texas-based Dimensional Fund Advsrs Lp has invested 0.01% in Sterling Construction Company, Inc. (NASDAQ:STRL). Millennium Mgmt reported 871,517 shares. Moreover, California State Teachers Retirement has 0% invested in Sterling Construction Company, Inc. (NASDAQ:STRL). National Bank & Trust Of Montreal Can reported 12,436 shares. Meeder Asset Management Inc owns 563 shares. Aqr Management Limited Company holds 0% of its portfolio in Sterling Construction Company, Inc. (NASDAQ:STRL) for 36,439 shares.

Since December 15, 2017, it had 1 buying transaction, and 2 selling transactions for $420,188 activity. Another trade for 8,000 shares valued at $99,440 was bought by WADSWORTH CON L.

Sterling Construction Company, Inc. (NASDAQ:STRL) Institutional Positions Chart

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