Tetra Technologies, Inc. $TTI Stock Holdings Lessened by WealthTrust Axiom LLC

WealthTrust Axiom LLC trimmed its position in shares of Tetra Technologies, Inc. (NYSE:TTI) by 13.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,418,912 shares of the oil and gas company’s stock after selling 224,429 shares during the period. Tetra Technologies makes up approximately 3.4% of WealthTrust Axiom LLC’s holdings, making the stock its 4th biggest holding. WealthTrust Axiom LLC owned approximately 1.06% of Tetra Technologies worth $13,295,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

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

Tetra Technologies Stock Performance

NYSE TTI opened at $10.39 on Monday. The company has a market cap of $1.38 billion, a P/E ratio of 207.74 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.20 and a current ratio of 2.02. The business’s 50 day moving average price is $9.69 and its 200-day moving average price is $9.66. Tetra Technologies, Inc. has a fifty-two week low of $3.17 and a fifty-two week high of $12.54.

Tetra Technologies (NYSE:TTI) last released its 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 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%. Sell-side analysts predict that Tetra Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling

In other Tetra Technologies news, VP Kurt Hallead acquired 22,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were bought at an average price of $9.86 per share, with a total value of $216,920.00. Following the transaction, the vice president directly owned 170,764 shares of the company’s stock, valued at $1,683,733.04. The trade was a 14.79% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 6.27% of the stock is owned by company insiders.

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.