Acuitas Investments LLC Acquires Shares of 736,170 Tetra Technologies, Inc. $TTI

Acuitas Investments LLC bought a new position in Tetra Technologies, Inc. (NYSE:TTI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 736,170 shares of the oil and gas company’s stock, valued at approximately $4,233,000. Tetra Technologies makes up approximately 2.7% of Acuitas Investments LLC’s portfolio, making the stock its 12th largest holding. Acuitas Investments LLC owned 0.55% of Tetra Technologies as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TTI. State of Alaska Department of Revenue bought a new stake in shares of Tetra Technologies during the 3rd quarter valued at $28,000. Vestmark Advisory Solutions Inc. bought a new stake in shares of Tetra Technologies in the 3rd quarter worth approximately $58,000. Osaic Holdings Inc. increased its holdings in shares of Tetra Technologies by 647.1% during the second quarter. Osaic Holdings Inc. now owns 12,700 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 11,000 shares in the last quarter. Catalyst Funds Management Pty Ltd bought a new position in Tetra Technologies in the 2nd quarter worth about $44,000. Finally, PharVision Advisers LLC bought a new stake in Tetra Technologies during the 3rd quarter valued at about $80,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TTI. Northland Securities upped their target price on shares of Tetra Technologies from $8.50 to $11.50 and gave the stock an “outperform” rating in a research note on Wednesday, December 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Tetra Technologies in a report on Friday, January 9th. CJS Securities initiated coverage on Tetra Technologies in a research note on Thursday, December 11th. They set an “outperform” rating and a $11.50 target price on the stock. Clear Str cut Tetra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Finally, Stifel Nicolaus boosted their target price on Tetra Technologies from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.25.

Tetra Technologies Trading Up 1.9%

TTI stock opened at $8.08 on Wednesday. The firm has a market cap of $1.08 billion, a PE ratio of 404.10 and a beta of 1.20. The firm has a fifty day moving average price of $10.43 and a 200 day moving average price of $8.34. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 2.02. Tetra Technologies, Inc. has a fifty-two week low of $2.03 and a fifty-two week high of $12.54.

Tetra Technologies (NYSE:TTI) last released its quarterly earnings data on Wednesday, February 25th. The oil and gas company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $146.68 million for the quarter, compared to the consensus estimate of $140.98 million. Tetra Technologies had a net margin of 0.48% and a return on equity of 12.56%. Sell-side analysts anticipate that Tetra Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

Tetra Technologies Company Profile

Tetra Technologies, Inc (NYSE: TTI) is a provider of specialized products and services to the upstream oil and gas industry. The company operates through two primary segments: Oilfield Services, which offers hydraulic fracturing and wellsite fluid systems, and Chemical Solutions, which manufactures and delivers a broad range of drilling, completion and production chemicals. Tetra’s integrated service model spans the design, blending and on-site delivery of fluids, as well as pumping equipment and related wellsite operations.

Within the Oilfield Services segment, Tetra supplies pressure pumping fleets and associated equipment to support onshore hydraulic fracturing and well placement activities.