Manatuck Hill Partners LLC Makes New Investment in TTEC Holdings, Inc. (NASDAQ:TTEC)

Manatuck Hill Partners LLC bought a new stake in shares of TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 97,641 shares of the business services provider's stock, valued at approximately $487,000. Manatuck Hill Partners LLC owned approximately 0.20% of TTEC as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of TTEC by 1,054.6% in the 4th quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider's stock worth $64,000 after purchasing an additional 11,717 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of TTEC by 140.5% during the 4th quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider's stock valued at $64,000 after acquiring an additional 7,527 shares during the last quarter. Pacific Sun Financial Corp bought a new stake in shares of TTEC during the 4th quarter worth $72,000. JPMorgan Chase & Co. grew its holdings in shares of TTEC by 77.0% in the 4th quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider's stock worth $84,000 after acquiring an additional 7,347 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of TTEC during the fourth quarter valued at $85,000. 38.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Canaccord Genuity Group cut their price objective on TTEC from $4.50 to $3.50 and set a "hold" rating on the stock in a report on Monday, March 3rd. StockNews.com upgraded shares of TTEC from a "sell" rating to a "hold" rating in a report on Saturday, March 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, TTEC has an average rating of "Hold" and an average target price of $10.83.

TTEC Stock Down 0.2 %

NASDAQ TTEC traded down $0.01 during trading on Wednesday, reaching $3.83. 40,202 shares of the company's stock were exchanged, compared to its average volume of 603,717. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47. TTEC Holdings, Inc. has a fifty-two week low of $3.11 and a fifty-two week high of $8.45. The company's fifty day simple moving average is $3.70 and its 200-day simple moving average is $4.24. The firm has a market capitalization of $183.14 million, a PE ratio of -0.55, a P/E/G ratio of 1.53 and a beta of 1.22.

TTEC (NASDAQ:TTEC - Get Free Report) last released its earnings results on Thursday, February 27th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). TTEC had a positive return on equity of 5.00% and a negative net margin of 14.69%. The company had revenue of $567.44 million during the quarter, compared to analysts' expectations of $575.73 million. Sell-side analysts predict that TTEC Holdings, Inc. will post 0.33 EPS for the current year.

About TTEC

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.