Mercer Global Advisors Inc. ADV Invests $176,000 in TETRA Technologies, Inc. (NYSE:TTI)

Mercer Global Advisors Inc. ADV bought a new position in shares of TETRA Technologies, Inc. (NYSE:TTI) in the second quarter, HoldingsChannel reports. The firm bought 50,908 shares of the oil and gas company’s stock, valued at approximately $176,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTI. Fund 1 Investments LLC bought a new position in shares of TETRA Technologies during the fourth quarter worth $452,000. Spouting Rock Asset Management LLC lifted its stake in shares of TETRA Technologies by 10.3% during the 4th quarter. Spouting Rock Asset Management LLC now owns 30,943 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 2,897 shares during the last quarter. Quadrature Capital Ltd lifted its stake in shares of TETRA Technologies by 35.3% during the 4th quarter. Quadrature Capital Ltd now owns 99,146 shares of the oil and gas company’s stock worth $449,000 after acquiring an additional 25,861 shares during the last quarter. Diversified Trust Co lifted its stake in shares of TETRA Technologies by 122.4% during the 1st quarter. Diversified Trust Co now owns 35,515 shares of the oil and gas company’s stock worth $157,000 after acquiring an additional 19,543 shares during the last quarter. Finally, Saxon Interests Inc. bought a new stake in shares of TETRA Technologies during the 1st quarter worth approximately $177,000. Institutional investors own 70.19% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised TETRA Technologies from a “sell” rating to a “hold” rating in a research note on Friday, August 9th.

TETRA Technologies Price Performance

NYSE TTI opened at $3.17 on Wednesday. The company has a current ratio of 2.41, a quick ratio of 1.72 and a debt-to-equity ratio of 1.17. TETRA Technologies, Inc. has a 12-month low of $2.68 and a 12-month high of $6.77. The firm has a market capitalization of $416.70 million, a P/E ratio of 19.81 and a beta of 2.05. The firm’s fifty day simple moving average is $3.14 and its two-hundred day simple moving average is $3.65.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). TETRA Technologies had a net margin of 1.61% and a return on equity of 18.84%. The company had revenue of $171.94 million for the quarter, compared to analysts’ expectations of $180.66 million. Analysts forecast that TETRA Technologies, Inc. will post 0.19 EPS for the current fiscal year.

TETRA Technologies Company Profile

TETRA Technologies, Inc, together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.