Raymond James Financial Services Advisors Inc. lessened its stake in TETRA Technologies, Inc. (NYSE:TTI – Free Report) by 41.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,000 shares of the oil and gas company’s stock after selling 19,147 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in TETRA Technologies were worth $122,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in TETRA Technologies by 6.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,973 shares of the oil and gas company’s stock worth $293,000 after buying an additional 2,644 shares in the last quarter. Swiss National Bank grew its stake in TETRA Technologies by 1.0% in the 3rd quarter. Swiss National Bank now owns 270,300 shares of the oil and gas company’s stock worth $1,725,000 after buying an additional 2,700 shares in the last quarter. Byrne Asset Management LLC grew its stake in TETRA Technologies by 63.3% in the 3rd quarter. Byrne Asset Management LLC now owns 9,800 shares of the oil and gas company’s stock worth $63,000 after buying an additional 3,800 shares in the last quarter. Quantbot Technologies LP purchased a new position in TETRA Technologies in the 3rd quarter worth approximately $33,000. Finally, Fortitude Family Office LLC purchased a new position in TETRA Technologies in the 4th quarter worth approximately $26,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.
TETRA Technologies Trading Up 0.6 %
Shares of TTI opened at $4.48 on Friday. The firm has a market cap of $586.85 million, a price-to-earnings ratio of 22.38 and a beta of 2.20. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.47 and a current ratio of 2.24. TETRA Technologies, Inc. has a fifty-two week low of $2.56 and a fifty-two week high of $6.77. The firm has a 50 day moving average price of $4.30 and a 200-day moving average price of $4.56.
Analysts Set New Price Targets
Separately, Northland Securities assumed coverage on shares of TETRA Technologies in a report on Tuesday, February 20th. They issued an “outperform” rating and a $6.00 price objective for the company. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.00.
View Our Latest Stock Analysis on TTI
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.
Further Reading
- Five stocks we like better than TETRA Technologies
- The How and Why of Investing in Gold Stocks
- Hasbro’s Management Made All the Right Calls This Quarter
- Stock Average Calculator
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- What Are the FAANG Stocks and Are They Good Investments?
- Power Surge: Utilities Sector’s Resilience Shines
Want to see what other hedge funds are holding TTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TETRA Technologies, Inc. (NYSE:TTI – Free Report).
Receive News & Ratings for TETRA Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TETRA Technologies and related companies with MarketBeat.com's FREE daily email newsletter.