Stanley Laman Group Ltd. Trims Holdings in TETRA Technologies, Inc. (NYSE:TTI)

Stanley Laman Group Ltd. cut its position in shares of TETRA Technologies, Inc. (NYSE:TTI) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,384,511 shares of the oil and gas company’s stock after selling 17,421 shares during the quarter. Stanley Laman Group Ltd.’s holdings in TETRA Technologies were worth $4,957,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its holdings in shares of TETRA Technologies by 8.4% during the second quarter. The Manufacturers Life Insurance Company now owns 49,085 shares of the oil and gas company’s stock valued at $170,000 after purchasing an additional 3,792 shares during the period. HITE Hedge Asset Management LLC boosted its position in shares of TETRA Technologies by 0.3% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 1,266,869 shares of the oil and gas company’s stock valued at $3,927,000 after purchasing an additional 4,393 shares during the period. Stoneridge Investment Partners LLC boosted its position in shares of TETRA Technologies by 23.1% in the 4th quarter. Stoneridge Investment Partners LLC now owns 35,674 shares of the oil and gas company’s stock valued at $128,000 after purchasing an additional 6,684 shares during the period. FMR LLC boosted its position in shares of TETRA Technologies by 75.0% in the 3rd quarter. FMR LLC now owns 18,858 shares of the oil and gas company’s stock valued at $58,000 after purchasing an additional 8,084 shares during the period. Finally, Foundry Partners LLC boosted its position in TETRA Technologies by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 989,665 shares of the oil and gas company’s stock worth $3,068,000 after acquiring an additional 9,400 shares during the period. 70.19% of the stock is owned by institutional investors and hedge funds.

TETRA Technologies Stock Down 1.1 %

NYSE:TTI opened at $4.41 on Thursday. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16. The stock has a market cap of $581.28 million, a price-to-earnings ratio of 220.61 and a beta of 2.04. The stock has a 50-day moving average price of $4.03 and a two-hundred day moving average price of $3.57. TETRA Technologies, Inc. has a 1 year low of $2.68 and a 1 year high of $5.12.

Wall Street Analyst Weigh In

TTI has been the subject of a number of research reports. StockNews.com upgraded TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. EF Hutton Acquisition Co. I raised TETRA Technologies to a “strong-buy” rating in a report on Monday, October 21st. Finally, D. Boral Capital reissued a “buy” rating and set a $5.50 price objective on shares of TETRA Technologies in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $6.50.

TETRA Technologies 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.