First Wilshire Securities Management Inc Lowers stake in Tetra Tech (TTEK)

Tetra Tech (TTEK) : First Wilshire Securities Management Inc reduced its stake in Tetra Tech by 18.08% during the most recent quarter end. The investment management company now holds a total of 275,687 shares of Tetra Tech which is valued at $9,373,358 after selling 60,850 shares in Tetra Tech , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Tetra Tech makes up approximately 2.77% of First Wilshire Securities Management Inc’s portfolio.

Other Hedge Funds, Including , Usa Financial Portformulas Corp reduced its stake in TTEK by selling 12,803 shares or 50.17% in the most recent quarter. The Hedge Fund company now holds 12,718 shares of TTEK which is valued at $432,412. Tetra Tech makes up approx 0.12% of Usa Financial Portformulas Corp’s portfolio.Segall Bryant Hamill reduced its stake in TTEK by selling 178,901 shares or 56.09% in the most recent quarter. The Hedge Fund company now holds 140,037 shares of TTEK which is valued at $4,761,258. Tetra Tech makes up approx 0.12% of Segall Bryant Hamill’s portfolio.Blackrock Fund Advisors boosted its stake in TTEK in the latest quarter, The investment management firm added 37,428 additional shares and now holds a total of 3,806,045 shares of Tetra Tech which is valued at $129,405,530. Tetra Tech makes up approx 0.03% of Blackrock Fund Advisors’s portfolio. Rathbone Brothers Plc added TTEK to its portfolio by purchasing 16,900 company shares during the most recent quarter which is valued at $556,348. Tetra Tech makes up approx 0.03% of Rathbone Brothers Plc’s portfolio.Whittier Trust Co Of Nevada Inc reduced its stake in TTEK by selling 1,000 shares or 28.57% in the most recent quarter. The Hedge Fund company now holds 2,500 shares of TTEK which is valued at $82,325. Tetra Tech makes up approx 0.01% of Whittier Trust Co Of Nevada Inc’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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