SG Americas Securities LLC Trims Stake in Granite Construction Incorporated (NYSE:GVA)

SG Americas Securities LLC has recently announced that it has trimmed its stake in Granite Construction Incorporated (NYSE: GVA) from 10% to 9%. This means that the investment firm now owns fewer shares of the company than before.

Granite Construction is a leading provider of construction services, including design-build, construction management, and general contracting. The company operates in various industries, including transportation, water/wastewater, energy, and environmental services.

SG Americas Securities LLC is a financial services firm that provides investment banking, securities trading, and asset management services to clients around the world. The company has been operating for over 150 years and has offices in major financial centers such as New York, London, and Hong Kong.

It's worth noting that this news does not necessarily indicate any significant changes or developments at Granite Construction or SG Americas Securities LLC. It simply reflects a reduction in the investment firm's stake in the company.