Cubist Systematic Strategies LLC raised its holdings in Tutor Perini Co. (NYSE:TPC – Free Report) by 147.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 196,460 shares of the construction company’s stock after buying an additional 117,004 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.37% of Tutor Perini worth $4,279,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the business. Empowered Funds LLC raised its stake in Tutor Perini by 17.3% in the 1st quarter. Empowered Funds LLC now owns 218,925 shares of the construction company’s stock worth $3,166,000 after acquiring an additional 32,325 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Tutor Perini by 77.8% in the first quarter. Los Angeles Capital Management LLC now owns 151,727 shares of the construction company’s stock worth $2,194,000 after purchasing an additional 66,408 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Tutor Perini by 152.0% during the first quarter. Acadian Asset Management LLC now owns 292,435 shares of the construction company’s stock worth $4,227,000 after purchasing an additional 176,398 shares during the period. XTX Topco Ltd purchased a new stake in Tutor Perini in the second quarter valued at approximately $746,000. Finally, CWM LLC increased its holdings in Tutor Perini by 142.8% in the 2nd quarter. CWM LLC now owns 1,714 shares of the construction company’s stock worth $37,000 after buying an additional 1,008 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.
Tutor Perini Price Performance
NYSE:TPC opened at $25.84 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.50. Tutor Perini Co. has a 52 week low of $6.85 and a 52 week high of $27.05. The stock’s 50-day moving average price is $22.84 and its 200-day moving average price is $20.00. The stock has a market capitalization of $1.35 billion, a PE ratio of -12.67 and a beta of 1.51.
Analyst Ratings Changes
Separately, UBS Group raised shares of Tutor Perini from a “neutral” rating to a “buy” rating and raised their target price for the stock from $14.00 to $27.00 in a report on Friday, June 14th.
View Our Latest Stock Report on TPC
Tutor Perini Company 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.
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