Quantbot Technologies LP Increases Holdings in Tutor Perini Co. (NYSE:TPC)

Quantbot Technologies LP boosted its holdings in shares of Tutor Perini Co. (NYSE:TPC - Free Report) by 79.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,938 shares of the construction company's stock after acquiring an additional 16,341 shares during the quarter. Quantbot Technologies LP owned about 0.07% of Tutor Perini worth $894,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC grew its holdings in shares of Tutor Perini by 103.1% during the 3rd quarter. FMR LLC now owns 4,725 shares of the construction company's stock worth $128,000 after purchasing an additional 2,399 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Tutor Perini in the third quarter valued at about $201,000. EP Wealth Advisors LLC acquired a new position in Tutor Perini in the third quarter valued at about $234,000. Commonwealth Equity Services LLC boosted its stake in Tutor Perini by 7.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company's stock worth $249,000 after buying an additional 700 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of Tutor Perini during the third quarter valued at about $339,000. Institutional investors and hedge funds own 65.01% of the company's stock.

Tutor Perini Stock Down 2.5 %

TPC traded down $0.61 during trading hours on Friday, hitting $23.57. 377,551 shares of the company's stock were exchanged, compared to its average volume of 517,490. The firm has a market cap of $1.24 billion, a P/E ratio of -9.39 and a beta of 1.73. Tutor Perini Co. has a 12-month low of $13.15 and a 12-month high of $34.55. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average of $24.41 and a 200 day moving average of $25.72.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TPC shares. StockNews.com lowered shares of Tutor Perini from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. B. Riley upgraded Tutor Perini to a "strong-buy" rating in a research report on Tuesday, March 18th. Finally, Vertical Research began coverage on Tutor Perini in a research note on Tuesday, December 10th. They issued a "buy" rating and a $38.00 price objective for the company.

Tutor Perini 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.