Cooke & Bieler LP Decreased Its Tetra Tech (TTEK) Position by $5.10 Million; Shares Declined; Msdc Management LP Stake In Coty (COTY) Was Increased

April 19, 2018 - By Darrin Black

Coty Inc. (NYSE:COTY) Logo

Cooke & Bieler Lp decreased its stake in Tetra Tech (TTEK) by 18.51% based on its latest 2017Q4 regulatory filing with the SEC. Cooke & Bieler Lp sold 106,260 shares as the company’s stock declined 0.52% with the market. The institutional investor held 467,882 shares of the consumer services company at the end of 2017Q4, valued at $22.53 million, down from 574,142 at the end of the previous reported quarter. Cooke & Bieler Lp who had been investing in Tetra Tech for a number of months, seems to be less bullish one the $2.93B market cap company. The stock increased 0.38% or $0.2 during the last trading session, reaching $52.4. About 158,494 shares traded. Tetra Tech, Inc. (NASDAQ:TTEK) has risen 22.62% since April 19, 2017 and is uptrending. It has outperformed by 11.07% the S&P500.

Msdc Management Lp increased its stake in Coty Inc (COTY) by 21.07% based on its latest 2017Q4 regulatory filing with the SEC. Msdc Management Lp bought 1.24 million shares as the company’s stock declined 8.23% with the market. The hedge fund held 7.14M shares of the package goods and cosmetics company at the end of 2017Q4, valued at $142.09M, up from 5.90 million at the end of the previous reported quarter. Msdc Management Lp who had been investing in Coty Inc for a number of months, seems to be bullish on the $13.26B market cap company. The stock decreased 0.84% or $0.15 during the last trading session, reaching $17.68. About 3.92M shares traded. Coty Inc. (NYSE:COTY) has risen 0.16% since April 19, 2017 and is uptrending. It has underperformed by 11.39% the S&P500.

Since October 24, 2017, it had 0 insider purchases, and 19 insider sales for $14.64 million activity. 16,750 shares were sold by MCDONALD KEVIN P, worth $853,856. The insider BATRACK DAN L sold 62,417 shares worth $3.03M. Shares for $384,000 were sold by GRANT HUGH M on Friday, February 16. $640,258 worth of Tetra Tech, Inc. (NASDAQ:TTEK) was sold by BROWNLIE WILLIAM R. $220,762 worth of Tetra Tech, Inc. (NASDAQ:TTEK) shares were sold by HADEN PATRICK C. LEWIS J CHRISTOPHER also sold $399,267 worth of Tetra Tech, Inc. (NASDAQ:TTEK) shares.

Investors sentiment decreased to 0.86 in 2017 Q4. Its down 0.14, from 1 in 2017Q3. It fall, 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. Morgan Stanley invested 0% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK). California Pub Employees Retirement Systems stated it has 200,208 shares. Fincl Bank Of Montreal Can holds 0% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK) for 6,825 shares. Stevens Mgmt Limited Partnership has 0.01% invested in Tetra Tech, Inc. (NASDAQ:TTEK). Denver Inv Advsrs Ltd owns 200,615 shares. The Washington-based Fisher Asset Mngmt Ltd Company has invested 0% in Tetra Tech, Inc. (NASDAQ:TTEK). Legal & General Grp Public Ltd Com accumulated 112,196 shares or 0% of the stock. Laurion Capital Mngmt Lp reported 0% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK). Parametrica Management Limited, Hong Kong-based fund reported 4,394 shares. Brinker Cap stated it has 0.03% in Tetra Tech, Inc. (NASDAQ:TTEK). Smith Graham Investment Advsrs LP owns 169,368 shares or 0.77% of their US portfolio. Us Retail Bank De invested 0% in Tetra Tech, Inc. (NASDAQ:TTEK). Panagora Asset Inc holds 0% or 910 shares in its portfolio. 93,651 are owned by Arizona State Retirement Sys. Natl Bank Of America De holds 102,605 shares.

Cooke & Bieler Lp, which manages about $4.81B and $5.53 billion US Long portfolio, upped its stake in Whirlpool Corp. (NYSE:WHR) by 18,706 shares to 739,016 shares, valued at $124.63 million in 2017Q4, according to the filing. It also increased its holding in Allergan Plc by 238,233 shares in the quarter, for a total of 681,825 shares, and has risen its stake in Malibu Boats Inc (NASDAQ:MBUU).

Among 13 analysts covering TETRA Tech (NASDAQ:TTEK), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. TETRA Tech had 34 analyst reports since November 9, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, April 2 by Stifel Nicolaus. The stock of Tetra Tech, Inc. (NASDAQ:TTEK) earned “Hold” rating by Stifel Nicolaus on Thursday, September 7. Oppenheimer downgraded the stock to “Perform” rating in Monday, April 18 report. On Friday, January 29 the stock rating was maintained by Wedbush with “Outperform”. The firm has “Buy” rating given on Friday, February 2 by Roth Capital. Stifel Nicolaus maintained Tetra Tech, Inc. (NASDAQ:TTEK) on Thursday, March 29 with “Hold” rating. Roth Capital maintained the stock with “Buy” rating in Wednesday, August 2 report. The firm earned “Hold” rating on Friday, October 6 by Robert W. Baird. FBR Capital maintained it with “Mkt Perform” rating and $36 target in Friday, July 29 report. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, January 5.

Analysts await Tetra Tech, Inc. (NASDAQ:TTEK) to report earnings on May, 2 after the close. They expect $0.51 EPS, up 6.25% or $0.03 from last year’s $0.48 per share. TTEK’s profit will be $28.49M for 25.69 P/E if the $0.51 EPS becomes a reality. After $0.65 actual EPS reported by Tetra Tech, Inc. for the previous quarter, Wall Street now forecasts -21.54% negative EPS growth.

Since February 12, 2018, it had 1 insider purchase, and 0 selling transactions for $84.48 million activity.

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

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