Catawba Capital Management Va adds Tetra Tech (TTEK) to its portfolio

Tetra Tech (TTEK) : Catawba Capital Management Va added new position in Tetra Tech during the most recent quarter end. The investment management firm now holds 11,015 shares of Tetra Tech which is valued at $399,514 , the company said in a statement filed on Oct 7, 2016 with the SEC.Tetra Tech makes up approximately 0.10% of Catawba Capital Management Va’s portfolio.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in TTEK during the most recent quarter. The investment firm sold 846 shares of TTEK which is valued $30,684.Bnp Paribas Arbitrage Sa reduced its stake in TTEK by selling 11,048 shares or 49.69% in the most recent quarter. The Hedge Fund company now holds 11,188 shares of TTEK which is valued at $396,838.Independent Portfolio Consultants reduced its stake in TTEK by selling 5,750 shares or 24.68% in the most recent quarter. The Hedge Fund company now holds 17,550 shares of TTEK which is valued at $622,499. Tetra Tech makes up approx 0.20% of Independent Portfolio Consultants’s portfolio.

Tetra Tech opened for trading at $36.27 and hit $36.51 on the upside on Friday, eventually ending the session at $36.27, with a gain of 0.55% or 0.2 points. The heightened volatility saw the trading volume jump to 3,30,930 shares. Company has a market cap of $2,083 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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