Counterpoint Mutual Funds LLC Takes $894,000 Position in Tetra Technologies, Inc. $TTI

Counterpoint Mutual Funds LLC acquired a new position in shares of Tetra Technologies, Inc. (NYSE:TTI) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 104,965 shares of the oil and gas company’s stock, valued at approximately $894,000. Counterpoint Mutual Funds LLC owned about 0.08% of Tetra Technologies at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTI. Aster Capital Management DIFC Ltd purchased a new position in Tetra Technologies in the fourth quarter valued at $33,000. Stone House Investment Management LLC purchased a new stake in Tetra Technologies during the 4th quarter worth about $39,000. Osaic Holdings Inc. boosted its position in shares of Tetra Technologies by 647.1% during the 2nd quarter. Osaic Holdings Inc. now owns 12,700 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 11,000 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of Tetra Technologies during the 4th quarter worth about $45,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Tetra Technologies by 235.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 14,536 shares of the oil and gas company’s stock valued at $49,000 after acquiring an additional 10,204 shares during the last quarter. Institutional investors and hedge funds own 70.19% of the company’s stock.

Insiders Place Their Bets

In other Tetra Technologies news, VP Kurt Hallead purchased 22,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average price of $9.86 per share, for a total transaction of $216,920.00. Following the purchase, the vice president directly owned 170,764 shares in the company, valued at approximately $1,683,733.04. This trade represents a 14.79% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brady M. Murphy sold 50,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $10.72, for a total transaction of $536,000.00. Following the transaction, the chief executive officer directly owned 2,965,457 shares in the company, valued at $31,789,699.04. The trade was a 1.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 6.27% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings lowered Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 19th. Northland Securities increased their price target on shares of Tetra Technologies from $11.50 to $14.00 and gave the company an “outperform” rating in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.88.

Tetra Technologies Trading Up 0.3%

NYSE:TTI opened at $9.32 on Friday. The company has a market capitalization of $1.24 billion, a PE ratio of 186.54 and a beta of 1.19. Tetra Technologies, Inc. has a 52-week low of $3.17 and a 52-week high of $12.54. The stock’s 50 day moving average price is $10.18 and its 200 day moving average price is $9.86. The company has a quick ratio of 1.20, a current ratio of 2.02 and a debt-to-equity ratio of 0.62.

Tetra Technologies (NYSE:TTI) last issued its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The company had revenue of $156.25 million during the quarter, compared to analysts’ expectations of $151.20 million. Tetra Technologies had a return on equity of 10.50% and a net margin of 1.15%. On average, research analysts anticipate that Tetra Technologies, Inc. will post 0.26 EPS for the current year.

Tetra Technologies Company Profile

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.