Tetra Technologies, Inc. $TTI Stock Holdings Lessened by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust reduced its stake in shares of Tetra Technologies, Inc. (NYSE:TTI) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,641,276 shares of the oil and gas company’s stock after selling 78,929 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 1.21% of Tetra Technologies worth $13,984,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Tetra Technologies by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 8,456,975 shares of the oil and gas company’s stock valued at $48,628,000 after buying an additional 174,028 shares during the period. Rubric Capital Management LP purchased a new stake in Tetra Technologies in the 3rd quarter worth approximately $26,046,000. Dimensional Fund Advisors LP lifted its position in Tetra Technologies by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,419,796 shares of the oil and gas company’s stock worth $25,414,000 after buying an additional 72,338 shares in the last quarter. State Street Corp boosted its stake in shares of Tetra Technologies by 11.2% during the 4th quarter. State Street Corp now owns 3,472,939 shares of the oil and gas company’s stock valued at $32,541,000 after buying an additional 350,051 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Tetra Technologies by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 3,090,503 shares of the oil and gas company’s stock valued at $28,963,000 after buying an additional 48,383 shares during the period. 70.19% of the stock is owned by hedge funds and other institutional investors.

Tetra Technologies Trading Down 2.8%

Shares of NYSE TTI opened at $9.19 on Tuesday. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 183.74 and a beta of 1.19. The business has a 50 day simple moving average of $10.14 and a 200 day simple moving average of $9.88. Tetra Technologies, Inc. has a 52 week low of $3.17 and a 52 week high of $12.54. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.20 and a current ratio of 2.02.

Tetra Technologies (NYSE:TTI) last released its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The firm had revenue of $156.25 million for the quarter, compared to the consensus estimate 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 predict that Tetra Technologies, Inc. will post 0.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TTI has been the topic of a number of research reports. Weiss Ratings raised shares of Tetra Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. Northland Securities increased their price objective on Tetra Technologies from $11.50 to $14.00 and gave the stock an “outperform” rating in a report on Tuesday, June 30th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Tetra Technologies currently has an average rating of “Moderate Buy” and an average price target of $10.88.

Insider Activity at Tetra Technologies

In other Tetra Technologies news, VP Kurt Hallead bought 22,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was bought at an average cost of $9.86 per share, with a total value of $216,920.00. Following the completion of the transaction, the vice president directly owned 170,764 shares of the company’s stock, valued at approximately $1,683,733.04. The trade was a 14.79% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brady M. Murphy sold 50,000 shares of the 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 owned 2,965,457 shares in the company, valued at approximately $31,789,699.04. This trade represents a 1.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 6.27% of the company’s stock.

Tetra Technologies 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.