Brookside Capital Management Llc Increased Ultimate Software Group (ULTI) Stake by $14.54 Million; Tetra Technologies Has 0.64 Sentiment

February 17, 2018 - By Stephen Andrade

Brookside Capital Management Llc increased Ultimate Software Group Inc (NASDAQ:ULTI) stake by 124.44% reported in 2017Q4 SEC filing. Brookside Capital Management Llc acquired 66,697 shares as Ultimate Software Group Inc (NASDAQ:ULTI)’s stock rose 8.03%. The Brookside Capital Management Llc holds 120,294 shares with $26.25M value, up from 53,597 last quarter. Ultimate Software Group Inc now has $7.34 billion valuation. The stock decreased 0.54% or $1.34 during the last trading session, reaching $245.62. About 262,475 shares traded. The Ultimate Software Group, Inc. (NASDAQ:ULTI) has risen 10.74% since February 17, 2017 and is uptrending. It has underperformed by 5.96% the S&P500.

TETRA Technologies, Inc., together with its subsidiaries, operates as a diversified gas and oil services company. The company has market cap of $427.63 million. It operates through four divisions: Fluids, Production Testing, Compression, and Offshore. It currently has negative earnings. The Fluids division makes and markets clear brine fluids, additives, and associated services and products to the gas and oil industry for use in well drilling, completion, and workover activities in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.

The stock increased 2.79% or $0.1 during the last trading session, reaching $3.69. About 790,702 shares traded. TETRA Technologies, Inc. (TTI) has declined 31.41% since February 17, 2017 and is downtrending. It has underperformed by 48.11% the S&P500.

Ratings analysis reveals 83% of TETRA Tech’s analysts are positive. Out of 6 Wall Street analysts rating TETRA Tech, 5 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $7.0 while the high is $8.0. The stock’s average target of $7.50 is 103.25% above today’s ($3.69) share price. TTI was included in 6 notes of analysts from October 18, 2016. Credit Suisse downgraded TETRA Technologies, Inc. (NYSE:TTI) on Tuesday, November 8 to “Neutral” rating. The rating was upgraded by Howard Weil to “Sector Outperform” on Wednesday, November 16. The rating was initiated by Bank of America on Thursday, December 22 with “Buy”. Johnson Rice upgraded TETRA Technologies, Inc. (NYSE:TTI) on Thursday, April 13 to “Buy” rating. The company was initiated on Tuesday, October 18 by Wells Fargo. RBC Capital Markets maintained it with “Outperform” rating and $7.0 target in Tuesday, November 8 report.

Adirondack Research & Management Inc. holds 0.77% of its portfolio in TETRA Technologies, Inc. for 689,015 shares. Wealthtrust Axiom Llc owns 325,300 shares or 0.35% of their US portfolio. Moreover, Fuller & Thaler Asset Management Inc. has 0.28% invested in the company for 8.06 million shares. The Pennsylvania-based Penn Capital Management Co Inc has invested 0.17% in the stock. Viking Fund Management Llc, a North Dakota-based fund reported 370,000 shares.

Analysts await TETRA Technologies, Inc. (NYSE:TTI) to report earnings on March, 7. They expect $-0.02 earnings per share, up 87.50% or $0.14 from last year’s $-0.16 per share. After $0.04 actual earnings per share reported by TETRA Technologies, Inc. for the previous quarter, Wall Street now forecasts -150.00% negative EPS growth.

The Ultimate Software Group, Inc. provides cloud human capital management solutions primarily to enterprise companies in the United States and Canada. The company has market cap of $7.34 billion. The companyÂ’s UltiPro software solution delivers the functionality businesses to manage the employee life cycle from recruitment to retirement. It has a 256.39 P/E ratio. The Company’s UltiPro solution includes unified feature sets for talent acquisition and onboarding, human resources management and compliance, benefits management and online enrollment, payroll, performance management, employee engagement surveying, compensation management with salary planning, budgeting, and development of incentive plans, succession management, learning management, reporting and analytical decision-making and predictive tools, and time and attendance; and has role features for HR professionals, executives, managers, administrators, and employees.

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.02, from 1.07 in 2017Q2. It fall, as 21 investors sold ULTI shares while 104 reduced holdings. 52 funds opened positions while 79 raised stakes. 32.11 million shares or 2.37% less from 32.89 million shares in 2017Q2 were reported. World Asset reported 0.01% in The Ultimate Software Group, Inc. (NASDAQ:ULTI). Great West Life Assurance Can invested in 0.01% or 17,069 shares. Swiss National Bank & Trust holds 0.01% in The Ultimate Software Group, Inc. (NASDAQ:ULTI) or 47,026 shares. Sumitomo Mitsui Asset Mgmt Co holds 0.29% of its portfolio in The Ultimate Software Group, Inc. (NASDAQ:ULTI) for 96,636 shares. Nicholas Prtn Limited Partnership owns 18,042 shares. Vanguard Grp Inc stated it has 0.02% of its portfolio in The Ultimate Software Group, Inc. (NASDAQ:ULTI). Jpmorgan Chase Company accumulated 0% or 34,394 shares. Spectrum Gru Inc reported 0% of its portfolio in The Ultimate Software Group, Inc. (NASDAQ:ULTI). Invesco Ltd invested in 0.03% or 440,471 shares. Hsbc Pcl accumulated 0% or 1,743 shares. Ubs Asset Management Americas reported 202,632 shares. Utah Retirement accumulated 0.02% or 5,200 shares. Tiaa Cref Investment Mngmt Limited Company stated it has 109,814 shares or 0.01% of all its holdings. Brown Advisory has 0.11% invested in The Ultimate Software Group, Inc. (NASDAQ:ULTI). California Employees Retirement Sys invested 0.02% in The Ultimate Software Group, Inc. (NASDAQ:ULTI).

Brookside Capital Management Llc decreased Honeywell Intl Inc (NYSE:HON) stake by 132,432 shares to 237,085 valued at $36.36M in 2017Q4. It also reduced Godaddy Inc () stake by 308,157 shares and now owns 1.19 million shares. Altaba Inc () was reduced too.

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