Truenorth Boosted Its Holding in Tutor Perini (TPC) by $1.17 Million; As General Electric (Ge) (GE) Share Price Declined, Augustine Asset Management Has Cut by $3.40 Million Its Position

February 8, 2018 - By Vivian Park

Truenorth Inc increased its stake in Tutor Perini Corp (TPC) by 94.9% based on its latest 2017Q3 regulatory filing with the SEC. Truenorth Inc bought 41,902 shares as the company’s stock declined 11.85% while stock markets rallied. The institutional investor held 86,054 shares of the general bldg contractors – nonresidential bldgs company at the end of 2017Q3, valued at $2.44 million, up from 44,152 at the end of the previous reported quarter. Truenorth Inc who had been investing in Tutor Perini Corp for a number of months, seems to be bullish on the $1.09B market cap company. The stock decreased 0.68% or $0.15 during the last trading session, reaching $21.8. About 678,572 shares traded or 36.48% up from the average. Tutor Perini Corporation (NYSE:TPC) has risen 25.83% since February 8, 2017 and is uptrending. It has outperformed by 9.13% the S&P500.

Augustine Asset Management Inc decreased its stake in General Electric (Ge) (GE) by 75.77% based on its latest 2017Q3 regulatory filing with the SEC. Augustine Asset Management Inc sold 141,517 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 45,265 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $1.09M, down from 186,782 at the end of the previous reported quarter. Augustine Asset Management Inc who had been investing in General Electric (Ge) for a number of months, seems to be less bullish one the $127.96B market cap company. The stock decreased 3.25% or $0.495 during the last trading session, reaching $14.755. About 83.91 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 8, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Truenorth Inc, which manages about $406.36M and $215.53M US Long portfolio, decreased its stake in Ishares Tr (IWV) by 3,943 shares to 9,657 shares, valued at $1.44M in 2017Q3, according to the filing. It also reduced its holding in Alps Etf Tr (AMLP) by 79,228 shares in the quarter, leaving it with 33,755 shares, and cut its stake in Schwab Strategic Tr (SCHX).

Since September 6, 2017, it had 0 buys, and 5 sales for $5.35 million activity. $1.96M worth of Tutor Perini Corporation (NYSE:TPC) was sold by Ronald N. Tutor Separate Property Trust on Monday, September 11. Another trade for 4,829 shares valued at $131,735 was made by REISS DALE ANN on Monday, December 18.

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.38, from 0.92 in 2017Q2. It improved, as 15 investors sold TPC shares while 46 reduced holdings. 26 funds opened positions while 53 raised stakes. 39.47 million shares or 0.57% more from 39.25 million shares in 2017Q2 were reported. Parametric Assoc Ltd Limited Liability Company reported 0% stake. Parametrica Management, a Hong Kong-based fund reported 24,220 shares. Balyasny Asset Ltd invested 0% in Tutor Perini Corporation (NYSE:TPC). American Century accumulated 98,767 shares or 0% of the stock. Truenorth reported 1.13% in Tutor Perini Corporation (NYSE:TPC). Boston Ptnrs reported 2.29M shares or 0.08% of all its holdings. Vanguard, Pennsylvania-based fund reported 3.25 million shares. Utd Automobile Association reported 70,100 shares. Legal & General Public Limited Co invested 0% of its portfolio in Tutor Perini Corporation (NYSE:TPC). Bank Of Montreal Can, a Ontario – Canada-based fund reported 1,762 shares. Asset Mngmt One Limited holds 0.02% in Tutor Perini Corporation (NYSE:TPC) or 343,589 shares. Clearbridge Ltd Liability Corporation has 62,843 shares for 0% of their portfolio. Sterling Lc reported 0.02% in Tutor Perini Corporation (NYSE:TPC). Employees Retirement Of Texas has 57,000 shares. Deutsche Comml Bank Ag has invested 0.01% in Tutor Perini Corporation (NYSE:TPC).

Among 11 analysts covering Tutor Perini Corp (NYSE:TPC), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Tutor Perini Corp had 26 analyst reports since August 8, 2015 according to SRatingsIntel. The stock has “Buy” rating by Seaport Global on Monday, October 24. The rating was maintained by FBR Capital on Tuesday, November 14 with “Buy”. UBS maintained the shares of TPC in report on Monday, November 13 with “Buy” rating. On Tuesday, May 24 the stock rating was downgraded by Standpoint Research to “Hold”. The firm earned “Buy” rating on Friday, November 10 by Canaccord Genuity. M Partners maintained the shares of TPC in report on Wednesday, December 28 with “Buy” rating. The stock of Tutor Perini Corporation (NYSE:TPC) earned “Hold” rating by Stifel Nicolaus on Wednesday, December 9. The rating was initiated by M Partners with “Neutral” on Wednesday, June 29. KeyBanc Capital Markets initiated the stock with “Sector Weight” rating in Friday, January 27 report. B. Riley & Co maintained the shares of TPC in report on Wednesday, November 15 with “Buy” rating.

Since August 8, 2017, it had 2 insider buys, and 0 sales for $2.50 million activity. 2,689 shares were bought by DIMITRIEF ALEXANDER, worth $43,446. Shares for $2.46M were bought by TISCH JAMES S on Tuesday, August 22. 103,983 shares were bought by Flannery John Leonard, worth $2.66 million.

Among 28 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 5 Sell and 14 Hold. Therefore 32% are positive. General Electric Company had 88 analyst reports since July 21, 2015 according to SRatingsIntel. Vetr upgraded General Electric Company (NYSE:GE) rating on Wednesday, August 26. Vetr has “Buy” rating and $26.28 target. The company was maintained on Wednesday, January 24 by CFRA. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Thursday, December 28 by Tigress Financial. The firm has “Sell” rating given on Monday, October 9 by J.P. Morgan. Vetr downgraded the stock to “Hold” rating in Tuesday, September 22 report. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 14. The firm earned “Buy” rating on Wednesday, December 23 by Argus Research. On Tuesday, November 14 the stock rating was maintained by Bank of America with “Buy”. Deutsche Bank maintained General Electric Company (NYSE:GE) rating on Tuesday, November 21. Deutsche Bank has “Sell” rating and $15.0 target. The firm has “Buy” rating by given on Monday, October 10.

Augustine Asset Management Inc, which manages about $270.82M and $156.53M US Long portfolio, upped its stake in Total System Services (Tss) (NYSE:TSS) by 23,758 shares to 51,886 shares, valued at $3.40 million in 2017Q3, according to the filing.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 Vivian Park

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: