Managed Asset Portfolios buys $9,590,992 stake in Tetra Tech (TTEK)

Tetra Tech (TTEK) : Managed Asset Portfolios scooped up 11,880 additional shares in Tetra Tech during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 282,088 shares of Tetra Tech which is valued at $9,590,992.Tetra Tech makes up approximately 4.09% of Managed Asset Portfolios’s portfolio.

Other Hedge Funds, Including , Fred Alger Management Inc reduced its stake in TTEK by selling 5,080 shares or 13.55% in the most recent quarter. The Hedge Fund company now holds 32,420 shares of TTEK which is valued at $1,102,280. Tetra Tech makes up approx 0.01% of Fred Alger Management Inc’s portfolio.State Of Tennessee Treasury Department reduced its stake in TTEK by selling 1,290 shares or 2.68% in the most recent quarter. The Hedge Fund company now holds 46,844 shares of TTEK which is valued at $1,592,696. Tetra Tech makes up approx 0.01% of State Of Tennessee Treasury Department’s portfolio.Pinebridge Investments boosted its stake in TTEK in the latest quarter, The investment management firm added 183 additional shares and now holds a total of 7,347 shares of Tetra Tech which is valued at $249,798. Tetra Tech makes up approx 0.01% of Pinebridge Investments’s portfolio.Acrospire Investment Management reduced its stake in TTEK by selling 700 shares or 18.42% in the most recent quarter. The Hedge Fund company now holds 3,100 shares of TTEK which is valued at $103,726. Tetra Tech makes up approx 0.07% of Acrospire Investment Management’s portfolio.Pzena Investment Management reduced its stake in TTEK by selling 120,628 shares or 11.04% in the most recent quarter. The Hedge Fund company now holds 972,107 shares of TTEK which is valued at $32,711,401. Tetra Tech makes up approx 0.19% of Pzena Investment Management’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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