UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.04 Million Stake in TETRA Technologies, Inc. (NYSE:TTI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in TETRA Technologies, Inc. (NYSE:TTI) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 291,515 shares of the oil and gas company’s stock after acquiring an additional 45,535 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.22% of TETRA Technologies worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TTI. Icon Advisers Inc. Co. acquired a new position in TETRA Technologies in the fourth quarter valued at about $2,377,000. Stifel Financial Corp boosted its position in shares of TETRA Technologies by 224.8% during the fourth quarter. Stifel Financial Corp now owns 702,895 shares of the oil and gas company’s stock worth $2,516,000 after buying an additional 486,456 shares during the period. American Century Companies Inc. boosted its position in shares of TETRA Technologies by 36.3% during the fourth quarter. American Century Companies Inc. now owns 1,734,653 shares of the oil and gas company’s stock worth $6,210,000 after buying an additional 462,213 shares during the period. HITE Hedge Asset Management LLC boosted its position in shares of TETRA Technologies by 32.7% during the fourth quarter. HITE Hedge Asset Management LLC now owns 1,681,509 shares of the oil and gas company’s stock worth $6,020,000 after buying an additional 414,640 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of TETRA Technologies by 45.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,289,946 shares of the oil and gas company’s stock worth $4,618,000 after buying an additional 403,086 shares during the period. 70.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTI has been the subject of several recent research reports. Wall Street Zen cut TETRA Technologies from a “buy” rating to a “hold” rating in a research report on Friday, May 9th. Stifel Nicolaus reduced their price objective on TETRA Technologies from $7.00 to $6.50 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Finally, D. Boral Capital decreased their target price on shares of TETRA Technologies from $5.50 to $4.00 and set a “buy” rating for the company in a research report on Thursday, May 1st.

TETRA Technologies Stock Up 3.2%

TETRA Technologies stock opened at $3.07 on Tuesday. TETRA Technologies, Inc. has a 1-year low of $2.03 and a 1-year high of $5.12. The company has a market cap of $407.87 million, a P/E ratio of 153.33 and a beta of 1.35. 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 has a fifty day simple moving average of $2.68 and a 200 day simple moving average of $3.47.

TETRA Technologies (NYSE:TTI) last released its earnings results on Tuesday, April 29th. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The business had revenue of $157.14 million for the quarter, compared to analyst estimates of $160.52 million. Research analysts anticipate that TETRA Technologies, Inc. will post 0.15 earnings per share 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.