Tutor Perini Co. (NYSE:TPC) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership reduced its position in Tutor Perini Co. (NYSE:TPC - Free Report) by 59.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 75,444 shares of the construction company's stock after selling 109,418 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.14% of Tutor Perini worth $1,826,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Barclays PLC grew its holdings in Tutor Perini by 298.0% in the third quarter. Barclays PLC now owns 69,875 shares of the construction company's stock valued at $1,898,000 after purchasing an additional 52,319 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Tutor Perini by 611.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 536,384 shares of the construction company's stock valued at $14,568,000 after buying an additional 460,945 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Tutor Perini by 67.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 93,202 shares of the construction company's stock worth $2,255,000 after buying an additional 37,478 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Tutor Perini by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,023,198 shares of the construction company's stock worth $27,795,000 after buying an additional 38,458 shares during the period. Finally, State Street Corp raised its position in shares of Tutor Perini by 2.0% in the 3rd quarter. State Street Corp now owns 975,082 shares of the construction company's stock worth $26,483,000 after buying an additional 19,518 shares during the period. Hedge funds and other institutional investors own 65.01% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TPC shares. StockNews.com lowered Tutor Perini from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. B. Riley upgraded shares of Tutor Perini to a "strong-buy" rating in a report on Tuesday, March 18th.

Tutor Perini Stock Up 0.3 %

Shares of TPC traded up $0.06 during midday trading on Wednesday, reaching $21.50. 109,532 shares of the company were exchanged, compared to its average volume of 522,602. Tutor Perini Co. has a 1-year low of $13.15 and a 1-year high of $34.55. The stock has a 50-day moving average price of $23.62 and a 200-day moving average price of $25.36. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -7.45 and a beta of 1.47.

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

About Tutor Perini

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.