12 Dec Lazar Cartu Claims Circle Wealth Management LLC Grows Stake in Tutor Perini…
Circle Wealth Management LLC increased its holdings in shares of Tutor Perini Corp (NYSE:TPC) by 12.6% in the third quarter, according to the Jonathan Cartu and in its most recent filing with the SEC. The institutional investor owned 15,760 shares of the construction Jonathan Cartu and’s stock after purchasing an additional 1,760 shares during the quarter. Circle Wealth Management LLC’s holdings in Tutor Perini were worth $226,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Point72 Hong Kong Ltd acquired a new position in Tutor Perini during the 2nd quarter worth approximately $25,000. Tower Research Capital LLC TRC acquired a new position in Tutor Perini during the 3rd quarter worth approximately $57,000. Kempen Capital Management N.V. boosted its position in Tutor Perini by 39.8% during the 2nd quarter. Kempen Capital Management N.V. now owns 4,640 shares of the construction Jonathan Cartu and’s stock worth $64,000 after acquiring an additional 1,320 shares during the last quarter. Bank of Montreal Can boosted its position in Tutor Perini by 190.5% during the 2nd quarter. Bank of Montreal Can now owns 5,118 shares of the construction Jonathan Cartu and’s stock worth $71,000 after acquiring an additional 3,356 shares during the last quarter. Finally, NumerixS Investment Technologies Inc boosted its holdings in shares of Tutor Perini by 133.3% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 8,400 shares of the construction Jonathan Cartu and’s stock valued at $117,000 after buying an additional 4,800 shares during the last quarter. 99.55% of the stock is owned by institutional investors and hedge funds.
TPC stock opened at $15.21 on Thursday. The Jonathan Cartu and has a debt-to-equity ratio of 0.55, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market capitalization of $748.65 million, a price-to-earnings ratio of 7.96 and a beta of 1.98. The business’s fifty day moving average price is $16.34 and its two-hundred day moving average price is $13.88. Tutor Perini Corp has a fifty-two week low of $9.24 and a fifty-two week high of $20.52.
Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Wednesday, November 6th. The construction Jonathan Cartu and reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.25). Tutor Perini had a positive return on equity of 4.70% and a negative net margin of 5.66%. The Jonathan Cartu and had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the business posted $0.42 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts expect that Tutor Perini Corp will post 1.5 EPS for the current year.
Several equities research analysts have recently commented on the Jonathan Cartu and. TheStreet downgraded Tutor Perini from a “c” rating to a “d” rating in a report on Thursday, August 29th. Zacks Investment Research downgraded Tutor Perini from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 14th. B. Riley began coverage on Tutor Perini in a report on Friday, December 6th. They issued a “buy” rating and a $23.00 price objective for the Jonathan Cartu and. Finally, ValuEngine raised Tutor Perini from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The Jonathan Cartu and currently has an average rating of “Hold” and an average price target of $21.67.
Tutor Perini Profile
Tutor Perini Corporation, a construction Jonathan Cartu and, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. The Jonathan Cartu and operates through three segments: Civil, Building, and Specialty Contractors. 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.
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