Sei Investments Co. Sells 62,155 Shares of Tutor Perini Co. (NYSE:TPC)

Sei Investments Co. lessened its holdings in Tutor Perini Co. (NYSE:TPC - Free Report) by 69.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,117 shares of the construction company's stock after selling 62,155 shares during the quarter. Sei Investments Co. owned 0.05% of Tutor Perini worth $656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TPC. Quantbot Technologies LP boosted its holdings in shares of Tutor Perini by 79.3% in the 4th quarter. Quantbot Technologies LP now owns 36,938 shares of the construction company's stock worth $894,000 after buying an additional 16,341 shares during the last quarter. Boston Partners boosted its stake in Tutor Perini by 1,801.4% in the fourth quarter. Boston Partners now owns 605,450 shares of the construction company's stock valued at $14,666,000 after acquiring an additional 573,608 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Tutor Perini by 7.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company's stock valued at $249,000 after acquiring an additional 700 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Tutor Perini by 40,975.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 140,477 shares of the construction company's stock valued at $3,400,000 after purchasing an additional 140,135 shares during the period. Finally, Empowered Funds LLC increased its position in Tutor Perini by 5.1% in the fourth quarter. Empowered Funds LLC now owns 282,247 shares of the construction company's stock worth $6,830,000 after buying an additional 13,726 shares during the last quarter. 65.01% of the stock is owned by hedge funds and other institutional investors.

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Tutor Perini Stock Performance

TPC stock traded up $0.10 during midday trading on Friday, reaching $20.88. 514,593 shares of the company's stock traded hands, compared to its average volume of 523,169. The firm has a market capitalization of $1.10 billion, a PE ratio of -8.32 and a beta of 1.47. The company has a 50-day moving average price of $23.72 and a two-hundred day moving average price of $25.42. Tutor Perini Co. has a 52 week low of $13.15 and a 52 week high of $34.55. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. B. Riley raised Tutor Perini to a "strong-buy" rating in a research report on Tuesday, March 18th. StockNews.com cut Tutor Perini from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th.

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.