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

August 12, 2018 - By Joseph Norton

Tutor Perini Corporation (NYSE:TPC) LogoInvestors sentiment increased to 1.49 in Q1 2018. 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. 62,387 were reported by Clearbridge Invs Ltd Liability Corporation. Shell Asset Mngmt holds 0.02% of its portfolio in Tutor Perini Corporation (NYSE:TPC) for 35,825 shares. Envestnet Asset invested 0% in Tutor Perini Corporation (NYSE:TPC). Eqis Capital owns 10,098 shares or 0.01% of their US portfolio. Parkside State Bank Tru holds 0.01% of its portfolio in Tutor Perini Corporation (NYSE:TPC) for 869 shares. Invesco stated it has 40,302 shares. Citigroup Incorporated has invested 0% of its portfolio in Tutor Perini Corporation (NYSE:TPC). 334,581 are held by Geode Mgmt Limited Com. Oppenheimer And Co Inc owns 25,257 shares. Stratos Wealth Prns Limited reported 0% stake. Emerald Mutual Fund Advisers holds 941,337 shares. United Capital Financial Advisers Ltd holds 0% of its portfolio in Tutor Perini Corporation (NYSE:TPC) for 26,854 shares. Voya Invest Management Ltd Liability Corporation owns 0% invested in Tutor Perini Corporation (NYSE:TPC) for 16,738 shares. Ellington Management Gp Limited Liability Corp reported 10,200 shares. Vanguard Grp Inc holds 0% in Tutor Perini Corporation (NYSE:TPC) or 3.34M shares.

Since March 5, 2018, it had 0 buys, and 6 selling transactions for $6.26 million activity. 50,000 shares were sold by Ronald N. Tutor Separate Property Trust, worth $1.11M on Monday, March 5.

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 1.06 million 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 $8.99 million, down from 1.55 million 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 $63.93 billion US Long portfolio, upped its stake in Citizens Financial Group Inc. (NYSE:CFG) by 2.56 million shares to 7.51 million shares, valued at $292.26 million in 2018Q2, according to the filing. It also increased its holding in Phillips 66 (NYSE:PSX) by 116,200 shares in the quarter, for a total of 526,815 shares, and has risen its stake in Borgwarner Inc. (NYSE:BWA).

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. The stock of Tutor Perini Corporation (NYSE:TPC) has “Buy” rating given on Wednesday, August 8 by FBR Capital. On Wednesday, February 28 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”. The stock has “Buy” rating by B. Riley & Co on Wednesday, February 28.

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: Benzinga.com, which released: “Earnings Scheduled For August 7, 2018” on August 07, 2018. Businesswire.com‘s article titled: “Tutor Perini Announces Conference Call to Discuss Second Quarter 2018 Results” and published on July 31, 2018 is yet another important article.

Tutor Perini Corporation (NYSE:TPC) Institutional Positions Chart

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