HighTower Advisors LLC Invests $39,000 in TETRA Technologies, Inc. (NYSE:TTI)

HighTower Advisors LLC bought a new position in TETRA Technologies, Inc. (NYSE:TTI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 10,951 shares of the oil and gas company’s stock, valued at approximately $39,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Townsquare Capital LLC purchased a new position in TETRA Technologies in the third quarter valued at about $36,000. KLCM Advisors Inc. acquired a new stake in shares of TETRA Technologies in the fourth quarter worth about $36,000. M&T Bank Corp bought a new stake in shares of TETRA Technologies during the 4th quarter worth about $53,000. FMR LLC increased its holdings in shares of TETRA Technologies by 75.0% during the 3rd quarter. FMR LLC now owns 18,858 shares of the oil and gas company’s stock valued at $58,000 after acquiring an additional 8,084 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in TETRA Technologies in the 3rd quarter worth approximately $118,000. 70.19% of the stock is currently owned by hedge funds and other institutional investors.

TETRA Technologies Stock Down 17.1 %

TTI opened at $2.51 on Friday. TETRA Technologies, Inc. has a 1-year low of $2.40 and a 1-year high of $5.12. The business has a 50 day moving average of $3.82 and a 200-day moving average of $3.71. The stock has a market capitalization of $331.65 million, a price-to-earnings ratio of 125.31 and a beta of 2.04. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16.

TETRA Technologies (NYSE:TTI) last posted its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $134.50 million for the quarter, compared to analyst estimates of $138.96 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. As a group, sell-side analysts anticipate that TETRA Technologies, Inc. will post 0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.