UBS Group AG Grows Stake in Tetra Technologies, Inc. $TTI

UBS Group AG raised its stake in Tetra Technologies, Inc. (NYSE:TTI) by 217.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 668,783 shares of the oil and gas company’s stock after purchasing an additional 458,230 shares during the quarter. UBS Group AG owned about 0.50% of Tetra Technologies worth $6,266,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Stone House Investment Management LLC purchased a new position in Tetra Technologies in the fourth quarter valued at about $39,000. State of Alaska Department of Revenue acquired a new stake in shares of Tetra Technologies during the third quarter valued at about $28,000. Generali Investments Management Co LLC acquired a new stake in shares of Tetra Technologies during the fourth quarter valued at about $54,000. Sowell Financial Services LLC acquired a new stake in shares of Tetra Technologies during the fourth quarter valued at about $94,000. Finally, Vestmark Advisory Solutions Inc. acquired a new stake in shares of Tetra Technologies during the third quarter valued at about $58,000. 70.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TTI has been the subject of several recent analyst reports. Clear Str downgraded Tetra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings upgraded Tetra Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.25.

Tetra Technologies Stock Down 1.7%

Shares of Tetra Technologies stock opened at $10.31 on Wednesday. The company has a market capitalization of $1.40 billion, a PE ratio of 206.14 and a beta of 1.21. Tetra Technologies, Inc. has a 1-year low of $2.63 and a 1-year high of $12.54. The business has a 50-day moving average of $8.98 and a 200-day moving average of $9.31. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.20.

Tetra Technologies (NYSE:TTI) last posted its quarterly earnings results 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 business had revenue of $156.25 million during 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%. As a group, equities analysts forecast that Tetra Technologies, Inc. will post 0.26 EPS for the current fiscal year.

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.