Winslow Asset Management Inc Lowers stake in Tetra Tech (TTEK)

Tetra Tech (TTEK) : Winslow Asset Management Inc reduced its stake in Tetra Tech by 4.39% during the most recent quarter end. The investment management company now holds a total of 295,398 shares of Tetra Tech which is valued at $9,884,017 after selling 13,570 shares in Tetra Tech , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Tetra Tech makes up approximately 2.10% of Winslow Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Princeton Alpha Management Lp added TTEK to its portfolio by purchasing 12,990 company shares during the most recent quarter which is valued at $437,114. Tetra Tech makes up approx 0.07% of Princeton Alpha Management Lp’s portfolio.Ridgeworth Capital Management boosted its stake in TTEK in the latest quarter, The investment management firm added 328,985 additional shares and now holds a total of 1,093,564 shares of Tetra Tech which is valued at $36,798,429. Tetra Tech makes up approx 0.32% of Ridgeworth Capital Management’s portfolio. Commonwealth Equity Services Inc sold out all of its stake in TTEK during the most recent quarter. The investment firm sold 8,420 shares of TTEK which is valued $283,333.

Tetra Tech opened for trading at $34.13 and hit $34.4 on the upside on Wednesday, eventually ending the session at $34.29, with a gain of 0.68% or 0.23 points. The heightened volatility saw the trading volume jump to 3,98,669 shares. Company has a market cap of $1,969 M.

On the company’s financial health, Tetra Tech reported $0.50 EPS for the quarter, based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus estimate of $0.50. The company had revenue of $667.00 million for the quarter, compared to analysts expectations of $498.01 million. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on Tetra Tech. Company shares were Reiterated by FBR Capital on Jul 29, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 36 from a previous price target of $32 .

Tetra Tech Inc. is a provider of consulting engineering program management construction management and technical services focusing on natural resource management infrastructure energy and the environment. The Company is a full-service company that leads with science. The Company serves public and private clients by addressing the fundamental needs for water natural resources environmental services infrastructure and energy. Its solutions span the entire life cycle of the project and include applied science research and technology engineering design construction management construction operations and maintenance and information technology. The Company operates through four segments: Engineering and Consulting Services (ECS) Technical Support Services (TSS) Engineering and Architecture Services (EAS) and Remediation and Construction Management (RCM).

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *