Tesco Corporation (NASDAQ:TESO) marched up 12.5% compared to a 52-week low price of $3.60. The shares were last seen trading 6.58% higher, taking the closing price at $4.05 on 11/30/2017. At recent session, the prices were hovering between $3.85 and $4.15. This company shares are 41.23% off its target price of $5.72 and the current market capitalization stands at $191.81M. The recent change has given its price a -10.65% deficit over SMA 50 and -58.03% deficit over its 52-week high. The stock witnessed 5.19% gains, -7.95% declines and -13.83% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TESO’s volatility during a week at 5.34% and during a month it has been found around 5.81%.Tesco Corporation (TESO) Top Holders
Institutional investors currently hold around $155 million or 87% in TESO stock. Look at its top three institutional owners. Blackrock Inc. owns $21.59 million in Tesco Corporation, which represents roughly 11.25% of the company’s market cap and approximately 13.93% of the institutional ownership. Similar statistics are true for the second largest owner, Fmr Llc, which owns 4,622,556 shares of the stock are valued at $17.57 million. The third largest holder is Price T Rowe Associates Inc /Md/, which currently holds $13.57 million worth of this stock and that ownership represents nearly 7.08% of its market capitalization.Tesco Corporation 13F Filings
At the end of 09/30/2017 reporting period, 57 institutional holders increased their position in Tesco Corporation (NASDAQ:TESO) by some 9,005,818 shares, 52 decreased positions by 10,926,990 and 23 held positions by 20,787,991. That puts total institutional holdings at 40,720,799 shares, according to SEC filings. The stock grabbed 22 new institutional investments totaling 6,777,812 shares while 14 institutional investors sold out their entire positions totaling 2,006,227 shares.Tesco Corporation (NASDAQ:TESO) Insider Trades
Multiple company employees have indulged in significant insider trading. Tesco Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP, COO Gatlin John Terrell has sold 2,928 shares of Tesco Corporation (TESO) in trading session dated Nov. 15, 2017. These shares are worth $10,980 and were traded at $3.75 each. The SEC filing shows that Milligan Raymond Vance Qc performed a sale of 2,198 shares. The Director disposed these shares by way of transaction on Nov. 03, 2017. The company’s shares were given away at $3.8 per share worth to an income of some $8,352 on account of Milligan Raymond Vance Qc.
Vice President, TCUS, Mawford Nicholas, sold 1,591 common shares of Tesco Corporation (TESO) in the open market. In a transaction dated Nov. 02, 2017, the shares were put up for sale at an average price of $3.8, raking in a sum of $6,046. After this sale, 18,144 common shares of TESO are directly owned by the insider, with total stake valued at $73,483.
In the transaction dated Nov. 02, 2017, the great number of shares disposed came courtesy the Director; Dielwart John disposed a total of 2,197 shares at an average price of $3.8, amounting to approximately $8,349. The insider now directly owns 12,582 shares worth $50,957.Tesco Corporation (TESO) Analyst Guide
Several analysts have released their opinion on Tesco Corporation (NASDAQ:TESO), with 1 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 0 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.83 average brokerage recommendation.