WealthTrust Axiom LLC Has $6.08 Million Position in TETRA Technologies, Inc. (NYSE:TTI)

WealthTrust Axiom LLC raised its stake in TETRA Technologies, Inc. (NYSE:TTI) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,697,050 shares of the oil and gas company’s stock after buying an additional 64,824 shares during the period. TETRA Technologies makes up about 1.8% of WealthTrust Axiom LLC’s investment portfolio, making the stock its 10th largest holding. WealthTrust Axiom LLC owned approximately 1.29% of TETRA Technologies worth $6,075,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of TETRA Technologies by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,741,804 shares of the oil and gas company’s stock worth $9,818,000 after purchasing an additional 13,769 shares during the period. American Century Companies Inc. increased its stake in TETRA Technologies by 36.3% in the 4th quarter. American Century Companies Inc. now owns 1,734,653 shares of the oil and gas company’s stock worth $6,210,000 after purchasing an additional 462,213 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in TETRA Technologies by 9.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,086,670 shares of the oil and gas company’s stock worth $3,890,000 after buying an additional 92,493 shares during the period. Ovata Capital Management Ltd raised its holdings in TETRA Technologies by 33.3% during the 4th quarter. Ovata Capital Management Ltd now owns 1,000,000 shares of the oil and gas company’s stock worth $3,580,000 after buying an additional 250,000 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in TETRA Technologies by 20.4% during the fourth quarter. Russell Investments Group Ltd. now owns 861,028 shares of the oil and gas company’s stock valued at $3,082,000 after buying an additional 145,625 shares in the last quarter. Institutional investors and hedge funds own 70.19% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, D. Boral Capital restated a “buy” rating and set a $5.50 price target on shares of TETRA Technologies in a report on Wednesday, March 26th.

TETRA Technologies Stock Performance

Shares of TETRA Technologies stock opened at $2.31 on Friday. The stock has a market cap of $306.36 million, a PE ratio of 115.76 and a beta of 1.54. TETRA Technologies, Inc. has a 12 month low of $2.03 and a 12 month high of $5.12. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. The business has a fifty day simple moving average of $3.54 and a 200-day simple moving average of $3.67.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The firm had revenue of $134.50 million during the quarter, compared to analyst estimates of $138.96 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. On average, sell-side analysts anticipate 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.