After Reaching Milestone, Is Tutor Perini Corporation (NYSE:TPC)’s Short Interest Revealing Something?

October 13, 2018 - By Nellie Frank

Tutor Perini Corporation (NYSE:TPC) Logo

Investors sentiment decreased to 0.94 in 2018 Q2. Its down 0.55, from 1.49 in 2018Q1. It fall, as 22 investors sold Tutor Perini Corporation shares while 45 reduced holdings. 18 funds opened positions while 45 raised stakes. 39.29 million shares or 4.40% less from 41.10 million shares in 2018Q1 were reported.
Susquehanna Group Ltd Liability Partnership holds 0% of its portfolio in Tutor Perini Corporation (NYSE:TPC) for 25,710 shares. State Board Of Administration Of Florida Retirement Sys owns 25,577 shares. 39,700 were accumulated by State Common Retirement Fund. Frontier Capital Mgmt Ltd Co reported 0.53% stake. Nomura invested 0% in Tutor Perini Corporation (NYSE:TPC). Sterling Capital Mgmt Llc holds 0.01% or 50,389 shares in its portfolio. Oppenheimer And accumulated 25,548 shares. Great West Life Assurance Communication Can stated it has 3,807 shares. Legal General Public Ltd owns 37,543 shares. First Ltd Partnership reported 0.01% of its portfolio in Tutor Perini Corporation (NYSE:TPC). Cooper Creek Prtnrs Mngmt Ltd Liability owns 225,460 shares. Sei Invests Co invested 0% of its portfolio in Tutor Perini Corporation (NYSE:TPC). Kennedy Cap Mgmt Inc reported 0.12% stake. State Street owns 850,763 shares. Citadel Advisors Ltd Co, Illinois-based fund reported 136,960 shares.

Since May 30, 2018, it had 0 insider buys, and 8 sales for $8.07 million activity. On Wednesday, August 22 TUTOR RONALD N sold $1.36 million worth of Tutor Perini Corporation (NYSE:TPC) or 67,426 shares.

The stock of Tutor Perini Corporation (NYSE:TPC) registered an increase of 2.58% in short interest. TPC’s total short interest was 6.58 million shares in October as published by FINRA. Its up 2.58% from 6.41 million shares, reported previously. With 302,900 shares average volume, it will take short sellers 22 days to cover their TPC’s short positions. The short interest to Tutor Perini Corporation’s float is 16.76%.

The stock decreased 0.28% or $0.05 during the last trading session, reaching $17.8. About 1.18 million shares traded or 248.61% up from the average. Tutor Perini Corporation (NYSE:TPC) has declined 21.74% since October 13, 2017 and is downtrending. It has underperformed by 37.36% the S&P500.

Tutor Perini Corporation provides diversified general contracting, construction management, and design-build services to private clients and public agencies worldwide. The company has market cap of $890.29 million. It operates through three divisions: Civil, Building, and Specialty Contractors. It has a 7.67 P/E ratio. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.

Tutor Perini Corporation (NYSE:TPC) Ratings Coverage

Among 2 analysts covering Tutor Perini Corp (NYSE:TPC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Tutor Perini Corp had 2 analyst reports since April 23, 2018 according to SRatingsIntel. FBR Capital maintained it with “Buy” rating and $26 target in Wednesday, August 8 report.

Tutor Perini Corporation (NYSE:TPC) Institutional Positions Chart

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