101,523 Shares in Tetra Technologies, Inc. $TTI Bought by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new position in Tetra Technologies, Inc. (NYSE:TTI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 101,523 shares of the oil and gas company’s stock, valued at approximately $951,000. WINTON GROUP Ltd owned 0.08% of Tetra Technologies as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC purchased a new position in shares of Tetra Technologies in the fourth quarter worth $39,000. Generali Investments Management Co LLC purchased a new position in shares of Tetra Technologies in the fourth quarter worth $54,000. Allworth Financial LP increased its stake in shares of Tetra Technologies by 219.3% in the fourth quarter. Allworth Financial LP now owns 6,009 shares of the oil and gas company’s stock worth $56,000 after buying an additional 4,127 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Tetra Technologies by 31.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,204 shares of the oil and gas company’s stock worth $58,000 after buying an additional 1,473 shares during the period. Finally, State of Wyoming increased its stake in shares of Tetra Technologies by 23.3% in the fourth quarter. State of Wyoming now owns 9,703 shares of the oil and gas company’s stock worth $91,000 after buying an additional 1,834 shares during the period. 70.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.25.

Insider Activity at Tetra Technologies

In other Tetra Technologies news, VP Kurt Hallead bought 22,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were purchased at an average price of $9.86 per share, for a total transaction of $216,920.00. Following the acquisition, the vice president owned 170,764 shares in the company, valued at approximately $1,683,733.04. This represents a 14.79% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 6.27% of the company’s stock.

Tetra Technologies Stock Performance

NYSE:TTI opened at $9.81 on Wednesday. The stock has a market cap of $1.31 billion, a P/E ratio of 196.30 and a beta of 1.22. The firm’s fifty day simple moving average is $9.57 and its 200 day simple moving average is $9.60. Tetra Technologies, Inc. has a twelve month low of $3.06 and a twelve month high of $12.54. 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 released its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.03. The business had revenue of $156.25 million for the quarter, compared to analysts’ expectations of $151.20 million. Tetra Technologies had a net margin of 1.15% and a return on equity of 10.50%. As a group, research analysts predict 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.