Short Interest Coverage: What Next for Tutor Perini Corporation (NYSE:TPC) Stock After Decrease in Shorted Shares?

November 18, 2016 - By Dolores Ford   ·   0 Comments

Short Interest Coverage: What Next for Tutor Perini Corporation (NYSE:TPC) Stock After Decrease in Shorted Shares?

The stock of Tutor Perini Corporation (NYSE:TPC) registered a decrease of 1.09% in short interest. TPC’s total short interest was 4.40 million shares in November as published by FINRA. Its down 1.09% from 4.45M shares, reported previously. With 338,900 shares average volume, it will take short sellers 13 days to cover their TPC’s short positions. The short interest to Tutor Perini Corporation’s float is 11.41%. The stock increased 1.73% or $0.45 during the last trading session, hitting $26.4. Tutor Perini Corp (NYSE:TPC) has risen 68.91% since April 18, 2016 and is uptrending. It has outperformed by 64.48% the S&P500.

Tutor Perini Corporation, formerly Perini Corporation, is a construction firm offering general contracting, construction management and design-build services to private clients and public agencies. The company has a market cap of $1.15 billion. The Firm operates through three divisions. It has a 17.67 P/E ratio. The Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure.

Insitutional Activity: The institutional sentiment decreased to 1.28 in 2016 Q2. Its down 0.24, from 1.52 in 2016Q1. The ratio worsened, as 17 funds sold all Tutor Perini Corp shares owned while 39 reduced positions. 34 funds bought stakes while 51 increased positions. They now own 39.94 million shares or 10.95% more from 36.00 million shares in 2016Q1.
The California-based Blackrock Institutional Na has invested 0% in Tutor Perini Corp (NYSE:TPC). Acadian Asset Mngmt Lc owns 22,666 shares or 0% of their US portfolio. Moreover, Hsbc Public Ltd has 0% invested in Tutor Perini Corp (NYSE:TPC) for 9,723 shares. Southport Ltd Limited Liability Company has 30,000 shares for 1.42% of their US portfolio. Pub Employees Retirement Association Of Colorado reported 14,545 shares or 0% of all its holdings. First Advsr Limited Partnership last reported 56,502 shares in the company. Federated Invsts Pa reported 67 shares or 0% of all its holdings. Deutsche Comml Bank Ag accumulated 0% or 121,243 shares. Fiera Corp owns 451,262 shares or 0.06% of their US portfolio. The Illinois-based Group One Trading Ltd Partnership has invested 0% in Tutor Perini Corp (NYSE:TPC). Irving Magee Invest Mngmt last reported 186,073 shares in the company. Coe Capital Mngmt Llc holds 10,000 shares or 0% of its portfolio. Blackrock Lc has invested 0% of its portfolio in Tutor Perini Corp (NYSE:TPC). Lsv Asset Management holds 0.08% of its portfolio in Tutor Perini Corp (NYSE:TPC) for 1.65M shares. Signia Capital Mngmt Ltd Limited Liability Company has 38,294 shares for 2.86% of their US portfolio.

Tutor Perini Corp (NYSE:TPC) Ratings Coverage

Out of 7 analysts covering Tutor Perini Corp (NYSE:TPC), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Tutor Perini Corp has been the topic of 13 analyst reports since August 8, 2015 according to StockzIntelligence Inc. The rating was upgraded by Sidoti to “Buy” on Monday, January 25. The firm has “Buy” rating given on Monday, October 24 by Seaport Global. The firm earned “Hold” rating on Tuesday, November 15 by Standpoint Research. The rating was downgraded by Standpoint Research on Tuesday, May 24 to “Hold”. The company was initiated on Wednesday, June 29 by M Partners. Standpoint Research initiated the shares of TPC in a report on Monday, April 11 with “Buy” rating. The company was downgraded on Thursday, November 3 by Sidoti. The stock of Tutor Perini Corp (NYSE:TPC) has “Outperform” rating given on Thursday, June 30 by FBR Capital. The company was initiated on Wednesday, December 9 by Stifel Nicolaus. The stock of Tutor Perini Corp (NYSE:TPC) earned “Buy” rating by Standpoint Research on Monday, October 3.

TPC Company Profile

Tutor Perini Corporation, formerly Perini Corporation, incorporated on January 5, 1918, is a construction firm offering general contracting, construction management and design-build services to private clients and public agencies across the world. The Firm operates through three divisions: Civil, Building and Specialty Contractors. The Firm offers general contracting, pre-construction planning and project management services, including the planning and scheduling of the manpower, equipment, materials and subcontractors required for a project. It also offers self-performed construction services, including site work, concrete forming and placement, steel erection, electrical, mechanical, plumbing, and heating, ventilation and air conditioning (HVAC).

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By Dolores Ford


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