Alps Advisors Inc. Makes New Investment in Tetra Technologies, Inc. $TTI

Alps Advisors Inc. purchased a new stake in Tetra Technologies, Inc. (NYSE:TTI) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 96,400 shares of the oil and gas company’s stock, valued at approximately $554,000.

A number of other institutional investors have also recently modified their holdings of the business. AQR Capital Management LLC grew its holdings in Tetra Technologies by 87.3% during the first quarter. AQR Capital Management LLC now owns 120,585 shares of the oil and gas company’s stock worth $405,000 after acquiring an additional 56,203 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Tetra Technologies by 125.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 161,840 shares of the oil and gas company’s stock valued at $544,000 after acquiring an additional 90,001 shares during the period. Jane Street Group LLC boosted its position in shares of Tetra Technologies by 389.7% during the 1st quarter. Jane Street Group LLC now owns 225,101 shares of the oil and gas company’s stock worth $756,000 after purchasing an additional 302,793 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Tetra Technologies by 13.3% during the 2nd quarter. Inspire Investing LLC now owns 115,951 shares of the oil and gas company’s stock worth $390,000 after purchasing an additional 13,645 shares during the period. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of Tetra Technologies during the 2nd quarter worth $57,000. 70.19% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Technologies Trading Down 5.7%

Shares of TTI stock opened at $10.57 on Friday. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 11.62 and a beta of 1.24. The company has a current ratio of 2.35, a quick ratio of 1.56 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $10.28 and a 200 day moving average price of $7.43. Tetra Technologies, Inc. has a twelve month low of $2.03 and a twelve month high of $12.54.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Clear Str cut shares of Tetra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tetra Technologies in a report on Friday, January 9th. Northland Securities lifted their price target on shares of Tetra Technologies from $8.50 to $11.50 and gave the company an “outperform” rating in a research report on Wednesday, December 31st. CJS Securities assumed coverage on Tetra Technologies in a research note on Thursday, December 11th. They set an “outperform” rating and a $11.50 price target on the stock. Finally, Stifel Nicolaus upped their price target on Tetra Technologies from $9.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Tetra Technologies has an average rating of “Moderate Buy” and a consensus price target of $10.25.

About Tetra Technologies

Tetra Technologies, Inc (NYSE: TTI) is a provider of specialized products and services to the upstream oil and gas industry. The company operates through two primary segments: Oilfield Services, which offers hydraulic fracturing and wellsite fluid systems, and Chemical Solutions, which manufactures and delivers a broad range of drilling, completion and production chemicals. Tetra’s integrated service model spans the design, blending and on-site delivery of fluids, as well as pumping equipment and related wellsite operations.

Within the Oilfield Services segment, Tetra supplies pressure pumping fleets and associated equipment to support onshore hydraulic fracturing and well placement activities.