As Ameriprise Financial (AMP) Valuation Declined, Gofen & Glossberg Lowered Position; Kames Capital Plc Position in Tetra Tech (TTEK) Has Raised by $3.94 Million

May 16, 2018 - By Dolores Ford

Tetra Tech, Inc. (NASDAQ:TTEK) Logo

Kames Capital Plc increased its stake in Tetra Tech Inc. (TTEK) by 7.29% based on its latest 2017Q4 regulatory filing with the SEC. Kames Capital Plc bought 82,147 shares as the company’s stock declined 0.52% with the market. The institutional investor held 1.21 million shares of the consumer services company at the end of 2017Q4, valued at $58.19 million, up from 1.13M at the end of the previous reported quarter. Kames Capital Plc who had been investing in Tetra Tech Inc. for a number of months, seems to be bullish on the $2.91B market cap company. The stock increased 0.53% or $0.275 during the last trading session, reaching $52.375. About 61,043 shares traded. Tetra Tech, Inc. (NASDAQ:TTEK) has risen 22.62% since May 16, 2017 and is uptrending. It has outperformed by 11.07% the S&P500.

Gofen & Glossberg Llc decreased its stake in Ameriprise Financial (AMP) by 23.74% based on its latest 2017Q4 regulatory filing with the SEC. Gofen & Glossberg Llc sold 2,000 shares as the company’s stock declined 14.11% with the market. The institutional investor held 6,423 shares of the finance company at the end of 2017Q4, valued at $1.09 million, down from 8,423 at the end of the previous reported quarter. Gofen & Glossberg Llc who had been investing in Ameriprise Financial for a number of months, seems to be less bullish one the $20.17 billion market cap company. The stock increased 0.96% or $1.33 during the last trading session, reaching $139.49. About 276,516 shares traded. Ameriprise Financial, Inc. (NYSE:AMP) has risen 17.58% since May 16, 2017 and is uptrending. It has outperformed by 6.03% the S&P500.

Investors sentiment decreased to 0.86 in Q4 2017. Its down 0.14, from 1 in 2017Q3. It dropped, 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. Panagora Asset Management holds 910 shares. Aqr Capital Mngmt Limited Com holds 12,093 shares or 0% of its portfolio. Denver Advsr Ltd Liability Corporation accumulated 200,615 shares. Da Davidson And reported 10,000 shares or 0.01% of all its holdings. Employees Retirement Of Texas has 60,500 shares. Franklin Resources stated it has 0% in Tetra Tech, Inc. (NASDAQ:TTEK). Schwab Charles Investment Management Inc holds 0.02% or 417,445 shares. Prudential Plc reported 6,767 shares. Comml Bank Of New York Mellon holds 0.01% or 857,283 shares in its portfolio. State Of Alaska Department Of Revenue reported 0.01% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK). Pub Employees Retirement Association Of Colorado holds 0% in Tetra Tech, Inc. (NASDAQ:TTEK) or 11,517 shares. Fuller And Thaler Asset Incorporated has invested 0% in Tetra Tech, Inc. (NASDAQ:TTEK). South Dakota Invest Council reported 0.03% in Tetra Tech, Inc. (NASDAQ:TTEK). Rhumbline Advisers stated it has 139,328 shares. Sg Americas Secs Limited Company invested 0.01% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK).

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. On Thursday, August 3 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock of Tetra Tech, Inc. (NASDAQ:TTEK) has “Sector Weight” rating given on Friday, November 11 by KeyBanc Capital Markets. Stifel Nicolaus reinitiated the shares of TTEK in report on Tuesday, January 5 with “Hold” rating. Wedbush downgraded the stock to “Neutral” rating in Wednesday, April 20 report. JP Morgan upgraded the shares of TTEK in report on Tuesday, November 10 to “Overweight” rating. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, September 7 report. The rating was maintained by Stifel Nicolaus on Friday, July 7 with “Hold”. On Monday, April 2 the stock rating was maintained by Stifel Nicolaus with “Hold”. Oppenheimer maintained the shares of TTEK in report on Friday, January 29 with “Outperform” rating. The stock has “Hold” rating by Oppenheimer on Thursday, August 3.

More important recent Tetra Tech, Inc. (NASDAQ:TTEK) news were published by: Bizjournals.com which released: “Environmental cleanup contractor says Hunters Point work was done by the book (UPDATED)” on April 25, 2018, also Streetinsider.com published article titled: “Tetra Tech (TTEK) Tops Q2 EPS by 3c, Beats on Revenues; Boosts FY18 EPS/Revenue Guidance”, Globenewswire.com published: “New Research Coverage Highlights Cerus, Health Insurance Innovations, Tetra Tech, Ferro, Dril-Quip, and MSC …” on May 15, 2018. More interesting news about Tetra Tech, Inc. (NASDAQ:TTEK) was released by: Finance.Yahoo.com and their article: “Is Tetra Tech Inc (NASDAQ:TTEK) Undervalued?” with publication date: May 11, 2018.

Kames Capital Plc, which manages about $3.95 billion US Long portfolio, decreased its stake in Eog Resources Inc. (NYSE:EOG) by 28,050 shares to 1.07M shares, valued at $115.41 million in 2017Q4, according to the filing. It also reduced its holding in First Republic Bank (NYSE:FRC) by 607,228 shares in the quarter, leaving it with 348,752 shares, and cut its stake in Ttm Technologies Inc. (NASDAQ:TTMI).

Since December 8, 2017, it had 0 insider purchases, and 17 sales for $13.90 million activity. On Friday, March 16 the insider MCDONALD KEVIN P sold $853,856. On Friday, February 23 the insider Rynning Mark A sold $33,289. HADEN PATRICK C sold $220,762 worth of stock or 4,401 shares. LEMMON RICHARD A also sold $770,837 worth of Tetra Tech, Inc. (NASDAQ:TTEK) shares. 8,000 shares were sold by GRANT HUGH M, worth $384,000 on Friday, February 16. Another trade for 8,000 shares valued at $399,267 was made by LEWIS J CHRISTOPHER on Monday, February 5.

Gofen & Glossberg Llc, which manages about $3.51 billion and $2.80B US Long portfolio, upped its stake in Danaher (NYSE:DHR) by 27,554 shares to 230,625 shares, valued at $21.41 million in 2017Q4, according to the filing. It also increased its holding in Ishares Core S&P Smallcap Etf (IJR) by 23,184 shares in the quarter, for a total of 157,708 shares, and has risen its stake in Ford Motor (NYSE:F).

Investors sentiment increased to 1.13 in 2017 Q4. Its up 0.16, from 0.97 in 2017Q3. It is positive, as 29 investors sold AMP shares while 218 reduced holdings. 81 funds opened positions while 199 raised stakes. 115.74 million shares or 0.30% less from 116.09 million shares in 2017Q3 were reported. Wellington Mngmt Limited Liability Partnership, a Massachusetts-based fund reported 9,299 shares. Jane Street Limited Liability Co holds 0% or 4,109 shares in its portfolio. Moreover, Meag Munich Ergo Kapitalanlagegesellschaft Mbh has 0.11% invested in Ameriprise Financial, Inc. (NYSE:AMP) for 17,149 shares. United Cap Fincl Advisers Lc has 0.09% invested in Ameriprise Financial, Inc. (NYSE:AMP) for 66,481 shares. Northern Tru Corporation accumulated 0.09% or 1.99M shares. Hsbc Public Limited owns 477,668 shares. Fincl Bank Of Ny Mellon reported 0.15% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP). Wasatch Advisors stated it has 0.01% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP). Gm Advisory Group Inc Inc stated it has 1,751 shares. Voya Investment Management Limited Liability Company holds 0.73% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP) for 2.08 million shares. Amer Century reported 1.39M shares. Cornerstone Cap Mngmt Hldg Ltd Co holds 0.36% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP) for 304,181 shares. Keybank Association Oh accumulated 0.1% or 100,997 shares. First Republic Inv Management Incorporated holds 0.09% or 80,447 shares. Bb&T Secs Ltd Limited Liability Company holds 0.11% or 49,751 shares.

Among 15 analysts covering Ameriprise Financial (NYSE:AMP), 5 have Buy rating, 0 Sell and 10 Hold. Therefore 33% are positive. Ameriprise Financial had 54 analyst reports since September 7, 2015 according to SRatingsIntel. The company was downgraded on Friday, March 2 by Evercore. The stock of Ameriprise Financial, Inc. (NYSE:AMP) has “Hold” rating given on Thursday, January 25 by SunTrust. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, October 5 report. On Monday, December 19 the stock rating was downgraded by Suntrust Robinson to “Hold”. RBC Capital Markets initiated it with “Sector Perform” rating and $135 target in Friday, June 30 report. The firm has “Buy” rating by Keefe Bruyette & Woods given on Friday, June 23. The company was maintained on Wednesday, October 18 by RBC Capital Markets. The firm has “Hold” rating given on Friday, December 15 by RBC Capital Markets. The company was maintained on Wednesday, April 11 by Keefe Bruyette & Woods. The firm has “Equal-Weight” rating given on Friday, August 11 by Barclays Capital.

Analysts await Ameriprise Financial, Inc. (NYSE:AMP) to report earnings on July, 24. They expect $3.54 earnings per share, up 26.43% or $0.74 from last year’s $2.8 per share. AMP’s profit will be $511.93M for 9.85 P/E if the $3.54 EPS becomes a reality. After $3.70 actual earnings per share reported by Ameriprise Financial, Inc. for the previous quarter, Wall Street now forecasts -4.32% negative EPS growth.

Since December 8, 2017, it had 2 buys, and 4 sales for $6.84 million activity. 3,728 Ameriprise Financial, Inc. (NYSE:AMP) shares with value of $500,004 were bought by Berman Walter Stanley. Shares for $1.01 million were bought by CRACCHIOLO JAMES M. $5.45M worth of stock was sold by TRUSCOTT WILLIAM F on Friday, January 26. $699,256 worth of Ameriprise Financial, Inc. (NYSE:AMP) shares were sold by Kupper Randy. 7,329 Ameriprise Financial, Inc. (NYSE:AMP) shares with value of $1.24M were sold by Sweeney Joseph Edward.

More important recent Ameriprise Financial, Inc. (NYSE:AMP) news were published by: Streetinsider.com which released: “More heads roll at Australia’s AMP as shareholders demand renewal” on May 08, 2018, also Seekingalpha.com published article titled: “Ameriprise Financial’s (AMP) CEO Jim Cracchiolo on Q1 2018 Results – Earnings Call Transcript”, Streetinsider.com published: “Australia’s AMP at risk of hemorrhaging wealth clients: Macquarie” on May 11, 2018. More interesting news about Ameriprise Financial, Inc. (NYSE:AMP) was released by: Gurufocus.com and their article: “Ameriprise Financial Inc (AMP) Chairman and CEO James M Cracchiolo Bought $1 million of Shares” with publication date: May 11, 2018.

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