TETRA Technologies, Inc. (NYSE:TTI) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC raised its stake in TETRA Technologies, Inc. (NYSE:TTI) by 38.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,559 shares of the oil and gas company’s stock after purchasing an additional 7,095 shares during the quarter. Bleakley Financial Group LLC’s holdings in TETRA Technologies were worth $116,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TTI. Fortitude Family Office LLC purchased a new stake in shares of TETRA Technologies in the 4th quarter valued at approximately $26,000. Tower Research Capital LLC TRC raised its position in TETRA Technologies by 214.7% in the first quarter. Tower Research Capital LLC TRC now owns 10,353 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 7,063 shares during the period. Covestor Ltd acquired a new position in TETRA Technologies during the first quarter worth $31,000. Quantbot Technologies LP purchased a new position in shares of TETRA Technologies during the third quarter worth $33,000. Finally, Verition Fund Management LLC purchased a new position in shares of TETRA Technologies during the second quarter worth $43,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.

TETRA Technologies Price Performance

TETRA Technologies stock opened at $4.43 on Wednesday. The company’s 50 day moving average is $4.23 and its two-hundred day moving average is $4.61. The firm has a market cap of $580.95 million, a PE ratio of 22.15 and a beta of 2.20. The company has a quick ratio of 1.47, a current ratio of 2.24 and a debt-to-equity ratio of 1.07. TETRA Technologies, Inc. has a 52-week low of $2.56 and a 52-week high of $6.77.

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

Wall Street Analyst Weigh In

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

TETRA Technologies 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.