Algert Global LLC Sells 46,280 Shares of Tutor Perini Co. (NYSE:TPC)

Algert Global LLC lowered its position in Tutor Perini Co. (NYSE:TPC) by 23.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,134 shares of the construction company’s stock after selling 46,280 shares during the quarter. Algert Global LLC owned approximately 0.29% of Tutor Perini worth $3,730,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its stake in shares of Tutor Perini by 298.0% during the 3rd quarter. Barclays PLC now owns 69,875 shares of the construction company’s stock worth $1,898,000 after purchasing an additional 52,319 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Tutor Perini by 611.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 536,384 shares of the construction company’s stock valued at $14,568,000 after buying an additional 460,945 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Tutor Perini by 67.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 93,202 shares of the construction company’s stock worth $2,255,000 after buying an additional 37,478 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Tutor Perini by 10.4% in the 4th quarter. Franklin Resources Inc. now owns 88,216 shares of the construction company’s stock worth $2,135,000 after buying an additional 8,309 shares during the last quarter. Finally, Hennessy Advisors Inc. raised its stake in shares of Tutor Perini by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 682,981 shares of the construction company’s stock worth $16,528,000 after acquiring an additional 43,600 shares in the last quarter. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TPC has been the topic of a number of recent analyst reports. B. Riley raised Tutor Perini to a “strong-buy” rating in a research report on Tuesday, March 18th. StockNews.com lowered Tutor Perini from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th.

Tutor Perini Trading Up 2.7 %

Shares of TPC stock opened at $23.38 on Wednesday. Tutor Perini Co. has a 1-year low of $14.50 and a 1-year high of $34.55. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -9.31 and a beta of 1.62. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a 50 day simple moving average of $23.12 and a 200-day simple moving average of $24.77.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings data on Thursday, February 27th. The construction company reported ($1.51) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($1.80). Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm posted ($0.91) earnings per share.

Tutor Perini Company Profile

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.