Tetra Tech INC (TTEK) Stock Value Declined While Rice Hall James & Associates LLC Boosted Its Stake

April 17, 2018 - By Michael Collier

Tetra Tech, Inc. (NASDAQ:TTEK) LogoInvestors sentiment decreased to 0.86 in 2017 Q4. Its down 0.14, from 1 in 2017Q3. It worsened, as 14 investors sold TTEK shares while 104 reduced holdings. 38 funds opened positions while 63 raised stakes. 46.13 million shares or 0.61% less from 46.41 million shares in 2017Q3 were reported. Oberweis Asset Mngmt accumulated 16,710 shares. Blackrock reported 7.32 million shares stake. Synovus Finance Corp invested in 0.02% or 23,323 shares. Assetmark reported 112 shares. 10,043 are owned by M&T Comml Bank. Fuller & Thaler Asset reported 0% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK). 19,600 are held by Adams Diversified Equity Fund Incorporated. Cim Inv Mangement Incorporated invested 0.1% in Tetra Tech, Inc. (NASDAQ:TTEK). Hsbc Holding Public Limited holds 0% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK) for 9,289 shares. Cooke & Bieler Ltd Partnership holds 0.41% or 467,882 shares in its portfolio. Phocas Corp invested 0.97% in Tetra Tech, Inc. (NASDAQ:TTEK). Parkside Savings Bank And holds 0.01% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK) for 787 shares. Wasatch Advisors has 22,194 shares for 0.01% of their portfolio. First Republic Invest Management Incorporated has 0% invested in Tetra Tech, Inc. (NASDAQ:TTEK). Sawgrass Asset Management Limited reported 8,760 shares.

Since October 24, 2017, it had 0 insider buys, and 19 insider sales for $14.64 million activity. CHU RONALD J sold $34,800 worth of stock or 696 shares. Shares for $770,837 were sold by LEMMON RICHARD A. BROWNLIE WILLIAM R also sold $186,362 worth of Tetra Tech, Inc. (NASDAQ:TTEK) shares. 660 shares valued at $33,289 were sold by Rynning Mark A on Friday, February 23. On Wednesday, February 21 THOMPSON J KENNETH sold $400,070 worth of Tetra Tech, Inc. (NASDAQ:TTEK) or 8,000 shares. 5,500 shares valued at $277,411 were sold by MCDONALD KEVIN P on Monday, February 5.

Rice Hall James & Associates Llc increased its stake in Tetra Tech Inc. (TTEK) by 5.5% based on its latest 2017Q4 regulatory filing with the SEC. Rice Hall James & Associates Llc bought 66,381 shares as the company’s stock declined 0.52% with the market. The institutional investor held 1.27 million shares of the consumer services company at the end of 2017Q4, valued at $61.27M, up from 1.21M at the end of the previous reported quarter. Rice Hall James & Associates Llc who had been investing in Tetra Tech Inc. for a number of months, seems to be bullish on the $2.92 billion market cap company. The stock increased 1.06% or $0.55 during the last trading session, reaching $52.25. About 136,178 shares traded. Tetra Tech, Inc. (NASDAQ:TTEK) has risen 22.62% since April 17, 2017 and is uptrending. It has outperformed by 11.07% the S&P500.

Rice Hall James & Associates Llc, which manages about $1.51 billion and $2.54B US Long portfolio, decreased its stake in Winnebago Industries Inc. (NYSE:WGO) by 205,360 shares to 264,321 shares, valued at $14.70 million in 2017Q4, according to the filing. It also reduced its holding in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 212,525 shares in the quarter, leaving it with 736,828 shares, and cut its stake in Healthcare Services Group Inc (NASDAQ:HCSG).

Tetra Tech, Inc. (NASDAQ:TTEK) Ratings Coverage

Among 4 analysts covering Tetra Tech (NASDAQ:TTEK), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Tetra Tech had 5 analyst reports since October 19, 2017 according to SRatingsIntel. Canaccord Genuity maintained it with “Buy” rating and $52.0 target in Thursday, October 19 report. As per Friday, November 10, the company rating was maintained by Robert W. Baird. The company was maintained on Monday, April 2 by Stifel Nicolaus. On Friday, February 2 the stock rating was maintained by Roth Capital with “Buy”. The rating was maintained by Stifel Nicolaus on Thursday, March 29 with “Hold”.

Tetra Tech, Inc. (NASDAQ:TTEK) Institutional Positions Chart

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