Gotham Asset Management LLC Has $8.48 Million Position in Tutor Perini Corporation (NYSE:TPC)

Gotham Asset Management LLC lowered its stake in shares of Tutor Perini Corporation (NYSE:TPC) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 266,768 shares of the construction company’s stock after selling 8,962 shares during the period. Gotham Asset Management LLC owned 0.54% of Tutor Perini Corporation worth $8,483,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TPC. Boston Partners increased its position in shares of Tutor Perini Corporation by 35.2% in the first quarter. Boston Partners now owns 1,514,145 shares of the construction company’s stock valued at $48,150,000 after buying an additional 394,148 shares during the last quarter. Cortina Asset Management LLC increased its position in shares of Tutor Perini Corporation by 152.4% in the first quarter. Cortina Asset Management LLC now owns 609,291 shares of the construction company’s stock valued at $19,375,000 after buying an additional 367,904 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Tutor Perini Corporation during the fourth quarter valued at approximately $8,590,000. Daiwa Securities Group Inc. increased its position in shares of Tutor Perini Corporation by 3,626.1% in the first quarter. Daiwa Securities Group Inc. now owns 257,100 shares of the construction company’s stock valued at $8,176,000 after buying an additional 250,200 shares during the last quarter. Finally, Opus Capital Group LLC bought a new position in shares of Tutor Perini Corporation during the first quarter valued at approximately $7,619,000. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Tutor Perini Corporation (NYSE:TPC) opened at 27.80 on Wednesday. The company has a 50-day moving average price of $27.43 and a 200-day moving average price of $29.02. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 14.83 and a beta of 2.43. Tutor Perini Corporation has a 12 month low of $18.05 and a 12 month high of $33.00.

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A number of research analysts have recently issued reports on TPC shares. Zacks Investment Research downgraded Tutor Perini Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. BidaskClub raised Tutor Perini Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Tutor Perini Corporation in a research note on Friday, June 23rd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $31.29.

Tutor Perini Corporation Company Profile

Tutor Perini Corporation is a construction company offering general contracting, construction management and design-build services to private customers and public agencies across the world. The Company operates through three segments: Civil, Building and Specialty Contractors. Its Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure across various geographic regions of the United States.

Institutional Ownership by Quarter for Tutor Perini Corporation (NYSE:TPC)

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