Intech Investment Management LLC Takes Position in TETRA Technologies, Inc. (NYSE:TTI)

Intech Investment Management LLC bought a new stake in shares of TETRA Technologies, Inc. (NYSE:TTI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 37,943 shares of the oil and gas company’s stock, valued at approximately $118,000.

Other hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in TETRA Technologies by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 102,722 shares of the oil and gas company’s stock worth $456,000 after purchasing an additional 5,265 shares in the last quarter. Comerica Bank boosted its stake in TETRA Technologies by 116.4% in the 1st quarter. Comerica Bank now owns 115,998 shares of the oil and gas company’s stock worth $514,000 after purchasing an additional 62,387 shares in the last quarter. Diversified Trust Co boosted its stake in TETRA Technologies by 12.0% in the 2nd quarter. Diversified Trust Co now owns 39,762 shares of the oil and gas company’s stock worth $138,000 after purchasing an additional 4,247 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in TETRA Technologies by 16.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 278,215 shares of the oil and gas company’s stock worth $963,000 after purchasing an additional 39,284 shares in the last quarter. Finally, ARS Investment Partners LLC bought a new position in TETRA Technologies in the 2nd quarter worth about $104,000. Institutional investors own 70.19% of the company’s stock.

TETRA Technologies Price Performance

TTI opened at $3.74 on Friday. The stock has a market capitalization of $492.97 million, a P/E ratio of 187.00 and a beta of 2.10. The company’s 50-day simple moving average is $3.54 and its two-hundred day simple moving average is $3.39. TETRA Technologies, Inc. has a 52-week low of $2.68 and a 52-week high of $5.08. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33.

TETRA Technologies (NYSE:TTI) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. The company had revenue of $141.70 million during the quarter, compared to the consensus estimate of $156.43 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. TETRA Technologies’s revenue was down 6.5% on a year-over-year basis. During the same period last year, the company earned $0.07 earnings per share. As a group, analysts predict that TETRA Technologies, Inc. will post 0.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TTI shares. EF Hutton Acquisition Co. I upgraded shares of TETRA Technologies to a “strong-buy” rating in a research note on Monday, October 21st. StockNews.com upgraded shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th.

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.