Centaur Capital Partners Lowers stake in Tetra Tech (TTEK)

Tetra Tech (TTEK) : Centaur Capital Partners reduced its stake in Tetra Tech by 34.48% during the most recent quarter end. The investment management company now holds a total of 95,000 shares of Tetra Tech which is valued at $3,230,000 after selling 50,000 shares in Tetra Tech , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Tetra Tech makes up approximately 5.54% of Centaur Capital Partners’s portfolio.

Other Hedge Funds, Including , Panagora Asset Management Inc boosted its stake in TTEK in the latest quarter, The investment management firm added 35,542 additional shares and now holds a total of 56,444 shares of Tetra Tech which is valued at $1,919,096. Tetra Tech makes up approx 0.01% of Panagora Asset Management Inc’s portfolio.Comerica Bank reduced its stake in TTEK by selling 37,394 shares or 39.25% in the most recent quarter. The Hedge Fund company now holds 57,867 shares of TTEK which is valued at $1,967,478. Tetra Tech makes up approx 0.02% of Comerica Bank’s portfolio.Third Avenue Management reduced its stake in TTEK by selling 120,329 shares or 44.54% in the most recent quarter. The Hedge Fund company now holds 149,836 shares of TTEK which is valued at $5,094,424. Tetra Tech makes up approx 0.22% of Third Avenue Management’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in TTEK in the latest quarter, The investment management firm added 53,030 additional shares and now holds a total of 1,616,278 shares of Tetra Tech which is valued at $54,953,452. Tetra Tech makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.

Tetra Tech opened for trading at $35.38 and hit $35.54 on the upside on Thursday, eventually ending the session at $35.52, with a gain of 0.62% or 0.22 points. The heightened volatility saw the trading volume jump to 2,61,737 shares. Company has a market cap of $2,040 M.

On the company’s financial health, Tetra Tech reported $0.50 EPS for the quarter, based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus estimate of $0.50. The company had revenue of $667.00 million for the quarter, compared to analysts expectations of $498.01 million. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on Tetra Tech. Company shares were Reiterated by FBR Capital on Jul 29, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 36 from a previous price target of $32 .

Tetra Tech Inc. is a provider of consulting engineering program management construction management and technical services focusing on natural resource management infrastructure energy and the environment. The Company is a full-service company that leads with science. The Company serves public and private clients by addressing the fundamental needs for water natural resources environmental services infrastructure and energy. Its solutions span the entire life cycle of the project and include applied science research and technology engineering design construction management construction operations and maintenance and information technology. The Company operates through four segments: Engineering and Consulting Services (ECS) Technical Support Services (TSS) Engineering and Architecture Services (EAS) and Remediation and Construction Management (RCM).

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