Raymond James Financial Services Advisors Inc. Sells 19,147 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Raymond James Financial Services Advisors Inc. lessened its holdings in TETRA Technologies, Inc. (NYSE:TTI) by 41.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,000 shares of the oil and gas company’s stock after selling 19,147 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in TETRA Technologies were worth $122,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of TETRA Technologies by 6.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,973 shares of the oil and gas company’s stock worth $293,000 after purchasing an additional 2,644 shares during the period. Swiss National Bank lifted its stake in shares of TETRA Technologies by 1.0% in the 3rd quarter. Swiss National Bank now owns 270,300 shares of the oil and gas company’s stock worth $1,725,000 after purchasing an additional 2,700 shares during the period. Byrne Asset Management LLC lifted its stake in shares of TETRA Technologies by 63.3% in the 3rd quarter. Byrne Asset Management LLC now owns 9,800 shares of the oil and gas company’s stock worth $63,000 after purchasing an additional 3,800 shares during the period. Quantbot Technologies LP bought a new position in shares of TETRA Technologies in the 3rd quarter worth approximately $33,000. Finally, Fortitude Family Office LLC bought a new stake in TETRA Technologies during the 4th quarter worth approximately $26,000. Institutional investors own 70.19% of the company’s stock.

TETRA Technologies Price Performance

NYSE TTI opened at $4.48 on Friday. TETRA Technologies, Inc. has a 12 month low of $2.56 and a 12 month high of $6.77. The stock has a market cap of $586.85 million, a price-to-earnings ratio of 22.38 and a beta of 2.20. The company’s 50 day moving average is $4.30 and its two-hundred day moving average is $4.56. The company has a current ratio of 2.24, a quick ratio of 1.47 and a debt-to-equity ratio of 1.07.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings data 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 net margin of 4.12% and a return on equity of 25.28%. The business had revenue of $153.13 million during the quarter, compared to analyst estimates of $144.76 million. As a group, research analysts anticipate that TETRA Technologies, Inc. will post 0.23 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Northland Securities began coverage on shares of 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.