Lsv Asset Management Decreased Tutor Perini Corporation (NYSE:TPC) Stake By $19.06 Million

August 12, 2018 - By Billy Entrekin

Tutor Perini Corporation (NYSE:TPC) LogoInvestors sentiment increased to 1.49 in 2018 Q1. Its up 0.25, from 1.24 in 2017Q4. It is positive, as 20 investors sold TPC shares while 39 reduced holdings. 30 funds opened positions while 58 raised stakes. 41.10 million shares or 4.80% more from 39.21 million shares in 2017Q4 were reported. Victory Capital Mngmt Incorporated invested 0% in Tutor Perini Corporation (NYSE:TPC). Millennium Mgmt Limited Company holds 0.02% or 627,230 shares in its portfolio. Qs Ltd Liability Corp has invested 0% in Tutor Perini Corporation (NYSE:TPC). Hotchkis And Wiley Capital Mngmt, a California-based fund reported 1.38 million shares. 485,790 are held by Bancorp Of America Corporation De. Manufacturers Life Insur The reported 28,529 shares. Icm Asset Incorporated Wa has invested 0.64% of its portfolio in Tutor Perini Corporation (NYSE:TPC). 24,972 were accumulated by Ubs Asset Mgmt Americas Incorporated. Goldman Sachs Group Incorporated owns 0% invested in Tutor Perini Corporation (NYSE:TPC) for 53,189 shares. Da Davidson & reported 110,222 shares or 0.05% of all its holdings. Stoneridge Invest Ptnrs Limited Liability has 0.06% invested in Tutor Perini Corporation (NYSE:TPC) for 17,480 shares. Monetary Mgmt Group Inc Inc holds 2,000 shares. Clarivest Asset Mngmt Ltd Co has 236,000 shares. Principal Financial Gru Incorporated reported 381,939 shares or 0.01% of all its holdings. Moreover, Wellington Mngmt Group Incorporated Limited Liability Partnership has 0% invested in Tutor Perini Corporation (NYSE:TPC).

Since March 5, 2018, it had 0 insider buys, and 6 insider sales for $6.26 million activity. Ronald N. Tutor Separate Property Trust sold $1.03M worth of Tutor Perini Corporation (NYSE:TPC) on Wednesday, May 30.

Lsv Asset Management decreased its stake in Tutor Perini Corporation (NYSE:TPC) by 68.48% based on its latest 2018Q2 regulatory filing with the SEC. Lsv Asset Management sold 1.06M shares as the company’s stock declined 8.67% with the market. The institutional investor held 487,373 shares of the general bldg contractors – nonresidential bldgs company at the end of 2018Q2, valued at $8.99M, down from 1.55M at the end of the previous reported quarter. Lsv Asset Management who had been investing in Tutor Perini Corporation for a number of months, seems to be less bullish one the $1.01 billion market cap company. The stock decreased 0.25% or $0.05 during the last trading session, reaching $20.3. About 375,577 shares traded or 2.37% up from the average. Tutor Perini Corporation (NYSE:TPC) has declined 21.41% since August 13, 2017 and is downtrending. It has underperformed by 33.98% the S&P500.

Lsv Asset Management, which manages about $82.68B and $63.93B US Long portfolio, upped its stake in Spirit Realty Capital Inc. (NYSE:SRC) by 3.10 million shares to 6.72 million shares, valued at $53.99 million in 2018Q2, according to the filing. It also increased its holding in The Chemours Company () by 1.37 million shares in the quarter, for a total of 1.61 million shares, and has risen its stake in Ciena Corporation (NYSE:CIEN).

Lsv Asset Management is a Illinois-based institutional investor with more than $82.68 billion AUM in November, 2014. Lsv Asset Management is the 66th largest institutional investor in our database. Taken from Lsv Asset latest Adv, the fund reported to have 40 full and part-time employees. Among which 11 performing investment advisory and research functions. The institutional investor had more than 304 clients.

Tutor Perini Corporation (NYSE:TPC) Ratings Coverage

Among 5 analysts covering Tutor Perini (NYSE:TPC), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Tutor Perini had 5 analyst reports since February 28, 2018 according to SRatingsIntel. On Wednesday, February 28 the stock rating was maintained by B. Riley & Co with “Buy”. The stock of Tutor Perini Corporation (NYSE:TPC) earned “Overweight” rating by KeyBanc Capital Markets on Wednesday, February 28. The company was maintained on Wednesday, August 8 by FBR Capital.

Tutor Perini Corporation provides diversified general contracting, construction management, and design-build services to private clients and public agencies worldwide. The company has market cap of $1.01 billion. It operates through three divisions: Civil, Building, and Specialty Contractors. It has a 8.36 P/E ratio. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.

More news for Tutor Perini Corporation (NYSE:TPC) were recently published by: Businesswire.com, which released: “Tutor Perini Announces Conference Call to Discuss Second Quarter 2018 Results” on July 31, 2018. Benzinga.com‘s article titled: “Earnings Scheduled For August 7, 2018” and published on August 07, 2018 is yet another important article.

Tutor Perini Corporation (NYSE:TPC) Institutional Positions Chart

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