Mark Travis decreased its stake in Tetra Tech Inc New Com (TTEK) by 22.36% based on its latest 2016Q3 regulatory filing with the SEC. Intrepid Capital Management Inc sold 151,522 shares as the company’s stock rose 15.69% with the market. The hedge fund run by Mark Travis held 526,271 shares of the consumer services company at the end of 2016Q3, valued at $18.67 million, down from 677,793 at the end of the previous reported quarter. Intrepid Capital Management Inc who had been investing in Tetra Tech Inc New Com for a number of months, seems to be less bullish one the $2.38B market cap company. The stock increased 2.41% or $1 during the last trading session, hitting $42.45. Tetra Tech, Inc. (NASDAQ:TTEK) has risen 37.47% since June 7, 2016 and is uptrending. It has outperformed by 30.05% the S&P500.
Intrepid Capital Management Inc, which manages about $212.30M US Long portfolio, upped its stake in Western Digital Corp Com (NASDAQ:WDC) by 98,974 shares to 236,023 shares, valued at $13.80M in 2016Q3, according to the filing.
Intrepid Capital management was founded in 1994 and maintains its base in Florida. A mid-sized value fund, it is managed by Mark Travis and concentrates on portfolios that target high absolute returns.
Insitutional Activity: The institutional sentiment increased to 1.04 in 2016 Q3. Its up 0.01, from 1.03 in 2016Q2. The ratio improved, as 17 funds sold all TTEK shares owned while 88 reduced positions. 39 funds bought stakes while 70 increased positions. They now own 48.68 million shares or 2.43% more from 47.53 million shares in 2016Q2. D E Shaw And Com Incorporated owns 38,228 shares or 0% of their US portfolio. First Interstate Bancorporation holds 727 shares or 0.01% of its portfolio. Moreover, Martingale Asset Mngmt Ltd Partnership has 0.08% invested in Tetra Tech, Inc. (NASDAQ:TTEK) for 143,624 shares. Community Commercial Bank Na has 125 shares for 0% of their US portfolio. Louisiana State Employees Retirement Sys has 25,400 shares for 0.05% of their US portfolio. Moreover, Hightower Advsrs Lc has 0% invested in Tetra Tech, Inc. (NASDAQ:TTEK) for 5,957 shares. Ladenburg Thalmann Financial holds 0% or 2,018 shares in its portfolio. Moreover, Fred Alger has 0.01% invested in Tetra Tech, Inc. (NASDAQ:TTEK) for 28,516 shares. Credit Suisse Ag last reported 62,757 shares in the company. Burt Wealth Advisors last reported 1,000 shares in the company. Dean Invest Associate Ltd Liability Com has 105,985 shares for 0.7% of their US portfolio. Bowen Hanes And reported 600,145 shares or 1.13% of all its holdings. Comerica Retail Bank holds 0.02% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK) for 57,818 shares. The Japan-based Blackrock Japan has invested 0% in Tetra Tech, Inc. (NASDAQ:TTEK). The Connecticut-based Verition Fund Mgmt Ltd Com has invested 0.04% in Tetra Tech, Inc. (NASDAQ:TTEK).
Insider Transactions: Since July 21, 2016, the stock had 0 buys, and 9 insider sales for $4.26 million net activity. Another trade for 5,000 shares valued at $203,645 was sold by CARTER BRIAN N. SMITH ALBERT E also sold $684,434 worth of Tetra Tech, Inc. (NASDAQ:TTEK) shares. LEMMON RICHARD A also sold $282,375 worth of Tetra Tech, Inc. (NASDAQ:TTEK) on Thursday, July 21. On Monday, August 8 the insider SHOEMAKER LESLIE L sold $559,785. 29,413 shares were sold by CHU RONALD J, worth $941,216. MCDONALD KEVIN P sold $199,650 worth of stock or 5,500 shares. THOMPSON J KENNETH sold $262,038 worth of stock or 8,000 shares.
Analysts await Tetra Tech, Inc. (NASDAQ:TTEK) to report earnings on January, 25. They expect $0.47 earnings per share, up 20.51% or $0.08 from last year’s $0.39 per share. TTEK’s profit will be $26.35M for 22.58 P/E if the $0.47 EPS becomes a reality. After $0.59 actual earnings per share reported by Tetra Tech, Inc. for the previous quarter, Wall Street now forecasts -20.34% negative EPS growth.
More important recent Tetra Tech, Inc. (NASDAQ:TTEK) news were published by: Prnewswire.com which released: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Tetra Tech …” on October 06, 2016, also Businesswire.com published article titled: “Tetra Tech Expands Water Data Management Services with Acquisition of INDUS …”, Zacks.com published: “Tetra Tech Bullish on Record Backlog, Buyouts Hold Promise” on December 09, 2016. More interesting news about Tetra Tech, Inc. (NASDAQ:TTEK) was released by: 247Wallst.com and their article: “Tetra Tech Receives $400 Million Contract From US Department of Energy” with publication date: October 03, 2016.
According to Zacks Investment Research, “TETRA TECH, INC. provides comprehensive environmental engineering and consulting services addressing complex water contamination and other environmental problems. These services are directed to a broad base of public and private sector clients and include substantially all types of engineering and consulting services in the environmental area, such as water chemistry, geohydrology, soil science, water and wastewater treatment, hydrodynamics, geology, air quality and civil engineering.”
Tetra Tech, Inc. (NASDAQ:TTEK) Ratings Coverage
Out of 9 analysts covering TETRA Tech (NASDAQ:TTEK), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. TETRA Tech has been the topic of 12 analyst reports since November 9, 2015 according to StockzIntelligence Inc. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Friday, November 11. Stifel Nicolaus reinitiated the stock with “Hold” rating in Tuesday, January 5 report. The stock of Tetra Tech, Inc. (NASDAQ:TTEK) has “Mkt Perform” rating given on Friday, July 29 by FBR Capital. Wunderlich maintained Tetra Tech, Inc. (NASDAQ:TTEK) on Monday, November 9 with “Buy” rating. The rating was downgraded by Wedbush on Wednesday, April 20 to “Neutral”. The stock of Tetra Tech, Inc. (NASDAQ:TTEK) earned “Perform” rating by Oppenheimer on Monday, April 18. The firm has “Market Perform” rating given on Friday, April 29 by FBR Capital. Oppenheimer maintained Tetra Tech, Inc. (NASDAQ:TTEK) rating on Friday, January 29. Oppenheimer has “Outperform” rating and $29 price target. Wedbush maintained the stock with “Outperform” rating in Friday, January 29 report. On Tuesday, May 31 the stock rating was upgraded by Canaccord Genuity to “Buy”.
TTEK Company Profile
Tetra Tech, Inc., incorporated on February 4, 1988, is a well-known provider of consulting, engineering, program management, construction management, and technical services. The Company’s divisions include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services. The RME segment provides consulting and engineering services across the world for a range of resource management and energy needs. The Firm includes wind-down of its non-core construction activities in the RCM segment. The Company’s solutions span the entire life cycle of consulting and engineering projects and include applied science, research and technology, engineering, design, construction management, activities and maintenance, and information technology. It provides its services to a diverse base of international, the United States commercial, the United Sates federal clients.
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