TETRA Technologies, Inc. (NYSE:TTI) Shares Sold by Acuitas Investments LLC

Acuitas Investments LLC decreased its holdings in TETRA Technologies, Inc. (NYSE:TTI) by 51.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 280,470 shares of the oil and gas company’s stock after selling 303,035 shares during the quarter. Acuitas Investments LLC’s holdings in TETRA Technologies were worth $1,268,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Profund Advisors LLC acquired a new position in TETRA Technologies in the 3rd quarter worth about $237,000. Algert Global LLC bought a new position in TETRA Technologies in the 3rd quarter valued at $2,860,000. CenterBook Partners LP increased its stake in shares of TETRA Technologies by 34.5% in the 3rd quarter. CenterBook Partners LP now owns 571,684 shares of the oil and gas company’s stock valued at $3,647,000 after buying an additional 146,680 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of TETRA Technologies during the fourth quarter worth $26,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in TETRA Technologies by 174.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 919,128 shares of the oil and gas company’s stock worth $5,864,000 after acquiring an additional 583,854 shares in the last quarter. Institutional investors own 70.19% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Northland Securities initiated coverage on TETRA Technologies in a research report on Tuesday, February 20th. They issued an “outperform” rating and a $6.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.00.

TETRA Technologies Stock Down 0.2 %

NYSE:TTI traded down $0.01 during trading hours on Friday, hitting $4.46. 132,479 shares of the company traded hands, compared to its average volume of 1,357,600. The company has a quick ratio of 1.47, a current ratio of 2.24 and a debt-to-equity ratio of 1.07. The firm’s 50-day simple moving average is $4.30 and its 200-day simple moving average is $4.56. TETRA Technologies, Inc. has a one year low of $2.56 and a one year high of $6.77. The company has a market cap of $584.88 million, a PE ratio of 22.38 and a beta of 2.20.

TETRA Technologies (NYSE:TTI) last released its earnings results on Tuesday, February 27th. The oil and gas company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. TETRA Technologies had a return on equity of 25.28% and a net margin of 4.12%. The company had revenue of $153.13 million for the quarter, compared to analysts’ expectations of $144.76 million. Equities analysts predict that TETRA Technologies, Inc. will post 0.23 earnings per share for the current year.

TETRA Technologies Company 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.