Stanley Laman Group Ltd. Buys 109,509 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Stanley Laman Group Ltd. boosted its stake in TETRA Technologies, Inc. (NYSE:TTI) by 14.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 887,878 shares of the oil and gas company’s stock after purchasing an additional 109,509 shares during the period. Stanley Laman Group Ltd. owned approximately 0.68% of TETRA Technologies worth $3,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TTI. Vanguard Group Inc. lifted its stake in shares of TETRA Technologies by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 7,609,375 shares of the oil and gas company’s stock valued at $33,710,000 after buying an additional 89,099 shares in the last quarter. Gendell Jeffrey L lifted its stake in shares of TETRA Technologies by 5.5% during the 1st quarter. Gendell Jeffrey L now owns 4,811,224 shares of the oil and gas company’s stock valued at $21,314,000 after buying an additional 252,632 shares in the last quarter. Huber Capital Management LLC lifted its stake in shares of TETRA Technologies by 0.8% during the 1st quarter. Huber Capital Management LLC now owns 1,850,490 shares of the oil and gas company’s stock valued at $8,198,000 after buying an additional 14,196 shares in the last quarter. Foundry Partners LLC lifted its stake in shares of TETRA Technologies by 37.9% during the 1st quarter. Foundry Partners LLC now owns 804,350 shares of the oil and gas company’s stock valued at $3,563,000 after buying an additional 221,005 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in shares of TETRA Technologies by 20.0% during the 4th quarter. Panagora Asset Management Inc. now owns 762,963 shares of the oil and gas company’s stock valued at $3,449,000 after buying an additional 127,378 shares in the last quarter. Hedge funds and other institutional investors own 70.19% of the company’s stock.

TETRA Technologies Price Performance

TTI traded up $0.05 on Friday, reaching $3.19. 759,023 shares of the company’s stock were exchanged, compared to its average volume of 907,078. The stock has a market cap of $419.33 million, a PE ratio of 19.91 and a beta of 2.06. TETRA Technologies, Inc. has a twelve month low of $3.01 and a twelve month high of $6.77. The stock’s fifty day moving average price is $3.39 and its 200-day moving average price is $3.87. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.41 and a quick ratio of 1.72.

Analysts Set New Price Targets

Several brokerages have commented on TTI. StockNews.com upgraded shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Benchmark reiterated a “buy” rating and issued a $8.00 price target on shares of TETRA Technologies in a research note on Tuesday, May 7th.

TETRA Technologies 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.