Teacher Retirement System of Texas Invests $61,000 in Tetra Technologies, Inc. (NYSE:TTI)

Teacher Retirement System of Texas bought a new position in shares of Tetra Technologies, Inc. (NYSE:TTI) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 18,303 shares of the oil and gas company’s stock, valued at approximately $61,000.

A number of other large investors also recently modified their holdings of the stock. HighTower Advisors LLC bought a new stake in shares of Tetra Technologies during the fourth quarter worth approximately $39,000. Aquatic Capital Management LLC bought a new stake in Tetra Technologies in the fourth quarter valued at approximately $40,000. Cibc World Markets Corp bought a new stake in Tetra Technologies in the fourth quarter valued at approximately $42,000. Byrne Asset Management LLC increased its stake in Tetra Technologies by 67.9% in the first quarter. Byrne Asset Management LLC now owns 15,277 shares of the oil and gas company’s stock valued at $51,000 after purchasing an additional 6,177 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Tetra Technologies in the fourth quarter valued at approximately $63,000. 70.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on TTI. D. Boral Capital reduced their target price on shares of Tetra Technologies from $5.50 to $4.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Wall Street Zen lowered shares of Tetra Technologies from a “buy” rating to a “hold” rating in a research report on Friday, May 9th. Finally, Stifel Nicolaus lowered their price target on shares of Tetra Technologies from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, July 16th.

Tetra Technologies Trading Up 1.7%

Shares of Tetra Technologies stock opened at $3.39 on Tuesday. Tetra Technologies, Inc. has a 12-month low of $2.03 and a 12-month high of $5.12. The company has a market cap of $450.44 million, a price-to-earnings ratio of 13.88 and a beta of 1.37. The company has a current ratio of 2.54, a quick ratio of 1.61 and a debt-to-equity ratio of 0.66. The company’s 50-day moving average price is $3.22 and its 200-day moving average price is $3.43.

Tetra Technologies (NYSE:TTI) last posted its quarterly earnings data on Tuesday, April 29th. The oil and gas company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. Tetra Technologies had a net margin of 18.41% and a return on equity of 14.49%. The company 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 earnings per share for the current fiscal year.

About Tetra Technologies

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.