American Century Companies Inc. Purchases 402,495 Shares of Tetra Technologies, Inc. $TTI

American Century Companies Inc. raised its position in shares of Tetra Technologies, Inc. (NYSE:TTI) by 15.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,001,941 shares of the oil and gas company’s stock after buying an additional 402,495 shares during the period. American Century Companies Inc. owned about 2.25% of Tetra Technologies worth $10,087,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TTI. DKM Wealth Management Inc. purchased a new stake in shares of Tetra Technologies during the second quarter worth about $42,000. Catalyst Funds Management Pty Ltd bought a new position in Tetra Technologies during the 2nd quarter valued at approximately $44,000. CWM LLC lifted its holdings in Tetra Technologies by 296.0% in the 2nd quarter. CWM LLC now owns 16,119 shares of the oil and gas company’s stock worth $54,000 after buying an additional 12,049 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new stake in Tetra Technologies in the 2nd quarter worth approximately $57,000. Finally, Vestmark Advisory Solutions Inc. bought a new stake in shares of Tetra Technologies in the 1st quarter worth approximately $68,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Tetra Technologies in a report on Tuesday, October 14th. Northland Securities set a $8.50 price objective on shares of Tetra Technologies in a research report on Thursday, October 30th. Stifel Nicolaus raised their target price on shares of Tetra Technologies from $6.50 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Finally, Wall Street Zen lowered shares of Tetra Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Tetra Technologies presently has an average rating of “Moderate Buy” and an average price target of $7.50.

Insider Activity at Tetra Technologies

In related news, VP Shoemake Alicia R. Boston sold 19,257 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $7.94, for a total transaction of $152,900.58. Following the completion of the sale, the vice president owned 132,672 shares of the company’s stock, valued at $1,053,415.68. This trade represents a 12.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.71% of the stock is currently owned by insiders.

Tetra Technologies Price Performance

Shares of NYSE:TTI opened at $8.85 on Friday. The business has a fifty day moving average price of $7.14 and a 200-day moving average price of $4.99. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.35 and a quick ratio of 1.56. The company has a market capitalization of $1.18 billion, a PE ratio of 9.72 and a beta of 1.12. Tetra Technologies, Inc. has a 1-year low of $2.03 and a 1-year high of $9.00.

Tetra Technologies (NYSE:TTI) last announced its quarterly earnings results on Tuesday, October 28th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The company had revenue of $153.24 million for the quarter, compared to analysts’ expectations of $144.40 million. Tetra Technologies had a net margin of 19.75% and a return on equity of 13.07%. As a group, equities analysts expect that Tetra Technologies, Inc. will post 0.15 EPS 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.