TETRA Technologies, Inc. (NYSE:TTI) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in shares of TETRA Technologies, Inc. (NYSE:TTI) by 94.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,484 shares of the oil and gas company’s stock after acquiring an additional 16,705 shares during the period. SG Americas Securities LLC’s holdings in TETRA Technologies were worth $156,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of TETRA Technologies in the third quarter valued at approximately $33,000. Fortitude Family Office LLC purchased a new position in shares of TETRA Technologies in the fourth quarter valued at approximately $26,000. Covestor Ltd purchased a new position in shares of TETRA Technologies in the first quarter valued at approximately $31,000. Byrne Asset Management LLC boosted its stake in shares of TETRA Technologies by 63.3% in the third quarter. Byrne Asset Management LLC now owns 9,800 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 3,800 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of TETRA Technologies in the third quarter valued at approximately $64,000. 70.19% of the stock is currently owned by institutional investors and hedge funds.

TETRA Technologies Stock Down 3.8 %

Shares of TETRA Technologies stock opened at $4.46 on Tuesday. TETRA Technologies, Inc. has a 52-week low of $2.56 and a 52-week high of $6.77. The company has a 50 day moving average of $4.22 and a 200 day moving average of $4.62. The company has a quick ratio of 1.47, a current ratio of 2.24 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $584.23 million, a P/E ratio of 22.28 and a beta of 2.20.

TETRA Technologies (NYSE:TTI) last issued its quarterly earnings results on Tuesday, February 27th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. TETRA Technologies had a net margin of 4.12% and a return on equity of 25.28%. The company had revenue of $153.13 million during the quarter, compared to the consensus estimate of $144.76 million. As a group, research analysts forecast that TETRA Technologies, Inc. will post 0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Northland Securities initiated coverage on shares of TETRA Technologies in a research note on Tuesday, February 20th. They issued an “outperform” rating and a $6.00 price objective for the company. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, TETRA Technologies presently has an average rating of “Moderate Buy” and an average target price of $7.00.

TETRA Technologies Company Profile

TETRA Technologies, Inc, together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.