Voya Investment Management LLC Decreases Stock Holdings in TETRA Technologies, Inc. (NYSE:TTI)

Voya Investment Management LLC trimmed its position in TETRA Technologies, Inc. (NYSE:TTI) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,752 shares of the oil and gas company’s stock after selling 3,448 shares during the quarter. Voya Investment Management LLC’s holdings in TETRA Technologies were worth $153,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. KLCM Advisors Inc. purchased a new position in shares of TETRA Technologies in the fourth quarter worth $36,000. HighTower Advisors LLC purchased a new position in shares of TETRA Technologies in the fourth quarter worth $39,000. Cibc World Markets Corp bought a new stake in TETRA Technologies in the fourth quarter valued at $42,000. M&T Bank Corp bought a new stake in TETRA Technologies in the fourth quarter valued at $53,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in TETRA Technologies in the fourth quarter valued at $63,000. 70.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. D. Boral Capital cut their price target on shares of TETRA Technologies from $5.50 to $4.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. StockNews.com cut shares of TETRA Technologies from a “buy” rating to a “hold” rating in a report on Friday, May 9th. Finally, Stifel Nicolaus cut their price target on shares of TETRA Technologies from $7.00 to $6.50 and set a “buy” rating on the stock in a report on Tuesday, April 15th.

TETRA Technologies Stock Performance

Shares of TTI stock opened at $3.01 on Thursday. TETRA Technologies, Inc. has a 12 month low of $2.03 and a 12 month high of $5.12. The stock has a market cap of $400.55 million, a PE ratio of 150.58 and a beta of 1.31. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16. The company’s fifty day moving average price is $2.89 and its 200-day moving average price is $3.58.

TETRA Technologies (NYSE:TTI) last announced its earnings results on Tuesday, April 29th. The oil and gas company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The firm had revenue of $157.14 million for the quarter, compared to analysts’ expectations of $160.52 million. On average, equities analysts expect that TETRA Technologies, Inc. will post 0.15 EPS for the current fiscal year.

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.