Huber Capital Management LLC Sells 445,000 Shares of Tetra Technologies, Inc. $TTI

Huber Capital Management LLC reduced its holdings in shares of Tetra Technologies, Inc. (NYSE:TTI) by 30.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,008,680 shares of the oil and gas company’s stock after selling 445,000 shares during the period. Tetra Technologies makes up 1.4% of Huber Capital Management LLC’s holdings, making the stock its 24th biggest holding. Huber Capital Management LLC’s holdings in Tetra Technologies were worth $9,451,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Stone House Investment Management LLC acquired a new stake in Tetra Technologies in the fourth quarter valued at about $39,000. Osaic Holdings Inc. boosted its stake in Tetra Technologies by 647.1% in the second quarter. Osaic Holdings Inc. now owns 12,700 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 11,000 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Tetra Technologies by 235.5% in the second quarter. Tower Research Capital LLC TRC now owns 14,536 shares of the oil and gas company’s stock valued at $49,000 after buying an additional 10,204 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in Tetra Technologies in the second quarter valued at about $51,000. Finally, Generali Investments Management Co LLC acquired a new stake in Tetra Technologies in the fourth quarter valued at about $54,000. 70.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity

In other Tetra Technologies news, VP Kurt Hallead acquired 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was acquired at an average price of $9.86 per share, for a total transaction of $216,920.00. Following the acquisition, the vice president directly owned 170,764 shares in the company, valued at $1,683,733.04. This represents a 14.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.27% of the stock is owned by corporate insiders.

Tetra Technologies Stock Performance

NYSE:TTI opened at $10.39 on Friday. The stock’s 50-day simple moving average is $9.69 and its 200 day simple moving average is $9.65. The firm has a market capitalization of $1.38 billion, a PE ratio of 207.74 and a beta of 1.22. 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, Inc. has a twelve month low of $3.17 and a twelve month high of $12.54.

Tetra Technologies (NYSE:TTI) last released its quarterly earnings data 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. Tetra Technologies had a return on equity of 10.50% and a net margin of 1.15%.The business had revenue of $156.25 million for the quarter, compared to analyst estimates of $151.20 million. On average, analysts anticipate 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.