Aristeia Capital L.L.C. Sells 13,045 Shares of Tutor Perini Co. (NYSE:TPC)

Aristeia Capital L.L.C. reduced its holdings in shares of Tutor Perini Co. (NYSE:TPC - Free Report) by 53.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,427 shares of the construction company's stock after selling 13,045 shares during the period. Aristeia Capital L.L.C.'s holdings in Tutor Perini were worth $277,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Boston Partners lifted its holdings in shares of Tutor Perini by 1,801.4% in the fourth quarter. Boston Partners now owns 605,450 shares of the construction company's stock worth $14,666,000 after buying an additional 573,608 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Tutor Perini by 611.0% in the third 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 in the last quarter. First Trust Advisors LP increased its stake in shares of Tutor Perini by 74.6% during the fourth quarter. First Trust Advisors LP now owns 938,478 shares of the construction company's stock worth $22,711,000 after purchasing an additional 401,117 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Tutor Perini by 223.7% in the 4th quarter. Russell Investments Group Ltd. now owns 312,339 shares of the construction company's stock valued at $7,559,000 after buying an additional 215,834 shares in the last quarter. Finally, Donald Smith & CO. Inc. increased its position in shares of Tutor Perini by 5.5% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,450,257 shares of the construction company's stock worth $83,496,000 after purchasing an additional 179,819 shares during the last quarter. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Tutor Perini Stock Performance

Tutor Perini stock traded up $0.28 on Wednesday, reaching $23.65. 865,619 shares of the stock were exchanged, compared to its average volume of 527,066. The stock has a market cap of $1.25 billion, a PE ratio of -9.42 and a beta of 1.62. Tutor Perini Co. has a twelve month low of $14.50 and a twelve month high of $34.55. The firm has a fifty day moving average price of $23.12 and a two-hundred day moving average price of $24.77. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53.

Tutor Perini (NYSE:TPC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The construction company reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.47. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%.

Tutor Perini Profile

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.