TETRA Technologies, Inc. (NYSE:TTI) Position Decreased by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust reduced its holdings in TETRA Technologies, Inc. (NYSE:TTI) by 91.9% during the third quarter, Holdings Channel reports. The firm owned 74,560 shares of the oil and gas company’s stock after selling 848,825 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in TETRA Technologies were worth $231,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TTI. HITE Hedge Asset Management LLC bought a new position in shares of TETRA Technologies in the second quarter valued at $4,368,000. Masters Capital Management LLC lifted its holdings in shares of TETRA Technologies by 70.0% during the second quarter. Masters Capital Management LLC now owns 1,700,000 shares of the oil and gas company’s stock valued at $5,882,000 after purchasing an additional 700,000 shares during the last quarter. American Century Companies Inc. boosted its position in shares of TETRA Technologies by 153.8% in the 2nd quarter. American Century Companies Inc. now owns 883,431 shares of the oil and gas company’s stock valued at $3,057,000 after purchasing an additional 535,413 shares during the period. Stanley Laman Group Ltd. increased its stake in TETRA Technologies by 57.9% in the 3rd quarter. Stanley Laman Group Ltd. now owns 1,401,932 shares of the oil and gas company’s stock worth $4,346,000 after purchasing an additional 514,054 shares in the last quarter. Finally, Ovata Capital Management Ltd acquired a new stake in TETRA Technologies during the 2nd quarter worth about $1,730,000. 70.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TTI. StockNews.com raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. EF Hutton Acquisition Co. I raised TETRA Technologies to a “strong-buy” rating in a research report on Monday, October 21st.

TETRA Technologies Stock Performance

TTI stock opened at $3.28 on Monday. The stock has a market cap of $432.34 million, a P/E ratio of 164.08 and a beta of 2.04. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.72 and a current ratio of 2.33. The firm has a 50 day simple moving average of $3.13 and a 200 day simple moving average of $3.44. TETRA Technologies, Inc. has a 52 week low of $2.68 and a 52 week high of $5.08.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The business had revenue of $141.70 million during the quarter, compared to analyst estimates of $156.43 million. During the same period last year, the company earned $0.07 earnings per share. TETRA Technologies’s quarterly revenue was down 6.5% compared to the same quarter last year. Research analysts anticipate that TETRA Technologies, Inc. will post 0.18 earnings per share for the current fiscal 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.