Tutor Perini Co. (NYSE:TPC) Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. cut its stake in Tutor Perini Co. (NYSE:TPC) by 7.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,284 shares of the construction company’s stock after selling 16,540 shares during the period. Levin Capital Strategies L.P. owned 0.41% of Tutor Perini worth $1,959,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of TPC. Highlander Capital Management LLC increased its position in shares of Tutor Perini by 85.7% in the 4th quarter. Highlander Capital Management LLC now owns 6,500 shares of the construction company’s stock valued at $59,000 after acquiring an additional 3,000 shares during the period. Corton Capital Inc. boosted its holdings in shares of Tutor Perini by 56.5% in the 3rd quarter. Corton Capital Inc. now owns 19,071 shares of the construction company’s stock valued at $149,000 after acquiring an additional 6,887 shares during the last quarter. John G Ullman & Associates Inc. purchased a new position in shares of Tutor Perini during the fourth quarter worth $150,000. SG Americas Securities LLC lifted its position in Tutor Perini by 107.6% during the third quarter. SG Americas Securities LLC now owns 23,309 shares of the construction company’s stock valued at $183,000 after purchasing an additional 12,079 shares during the period. Finally, Raymond James & Associates grew its position in Tutor Perini by 32.6% during the 3rd quarter. Raymond James & Associates now owns 25,007 shares of the construction company’s stock worth $196,000 after purchasing an additional 6,144 shares during the period. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Insider Activity at Tutor Perini

In other Tutor Perini news, President Gary G. Smalley sold 20,303 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $12.40, for a total transaction of $251,757.20. Following the completion of the transaction, the president now owns 160,507 shares of the company’s stock, valued at $1,990,286.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, President Gary G. Smalley sold 15,940 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $13.28, for a total value of $211,683.20. Following the completion of the sale, the president now directly owns 68,346 shares in the company, valued at $907,634.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Gary G. Smalley sold 20,303 shares of Tutor Perini stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $12.40, for a total value of $251,757.20. Following the transaction, the president now owns 160,507 shares in the company, valued at approximately $1,990,286.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,201 shares of company stock valued at $822,980. 19.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded Tutor Perini from a “hold” rating to a “buy” rating in a research note on Friday, April 26th.

Tutor Perini Price Performance

Shares of Tutor Perini stock traded up $0.63 on Thursday, reaching $17.40. The company’s stock had a trading volume of 253,787 shares, compared to its average volume of 371,452. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $909.67 million, a P/E ratio of -8.22 and a beta of 1.53. The stock has a 50-day moving average price of $13.39 and a 200-day moving average price of $10.12. Tutor Perini Co. has a 52-week low of $4.90 and a 52-week high of $18.18.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Wednesday, February 28th. The construction company reported ($0.91) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.98). The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $951.50 million. Tutor Perini had a negative return on equity of 8.03% and a negative net margin of 2.56%. Analysts expect that Tutor Perini Co. will post 1.1 EPS for the current year.

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.