UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 45,535 Shares of TETRA Technologies, Inc. (NYSE:TTI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in TETRA Technologies, Inc. (NYSE:TTI) by 18.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 291,515 shares of the oil and gas company’s stock after buying an additional 45,535 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in TETRA Technologies were worth $1,044,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TTI. Icon Advisers Inc. Co. bought a new stake in TETRA Technologies in the fourth quarter valued at approximately $2,377,000. Stifel Financial Corp increased its stake in shares of TETRA Technologies by 224.8% during the fourth quarter. Stifel Financial Corp now owns 702,895 shares of the oil and gas company’s stock worth $2,516,000 after purchasing an additional 486,456 shares during the period. American Century Companies Inc. increased its stake in shares of TETRA Technologies by 36.3% during the fourth 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 during the period. HITE Hedge Asset Management LLC increased its stake in shares of TETRA Technologies by 32.7% during the fourth quarter. HITE Hedge Asset Management LLC now owns 1,681,509 shares of the oil and gas company’s stock worth $6,020,000 after purchasing an additional 414,640 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its stake in shares of TETRA Technologies by 45.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,289,946 shares of the oil and gas company’s stock worth $4,618,000 after purchasing an additional 403,086 shares during the period. Institutional investors own 70.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TTI. Wall Street Zen downgraded TETRA Technologies from a “buy” rating to a “hold” rating in a research report on Friday, May 9th. D. Boral Capital reduced their price target on TETRA Technologies from $5.50 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Finally, Stifel Nicolaus reduced their price target on TETRA Technologies from $7.00 to $6.50 and set a “buy” rating on the stock in a research report on Tuesday, April 15th.

TETRA Technologies Trading Up 3.2%

Shares of NYSE:TTI opened at $3.07 on Tuesday. The business’s 50 day simple moving average is $2.68 and its 200 day simple moving average is $3.47. The company has a market capitalization of $407.87 million, a P/E ratio of 153.33 and a beta of 1.35. TETRA Technologies, Inc. has a 1 year low of $2.03 and a 1 year high of $5.12. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51.

TETRA Technologies (NYSE:TTI) last issued its earnings results on Tuesday, April 29th. The oil and gas company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $157.14 million for the quarter, compared to the consensus estimate of $160.52 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. On average, research analysts anticipate that TETRA Technologies, Inc. will post 0.15 EPS for the current fiscal year.

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.