Aperio Group LLC Has $389,000 Holdings in Tetra Technologies, Inc. (TTI)
Aperio Group LLC raised its holdings in Tetra Technologies, Inc. (NYSE:TTI) by 16.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,036 shares of the oil and gas company’s stock after buying an additional 19,203 shares during the quarter. Aperio Group LLC owned 0.12% of Tetra Technologies worth $389,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in TTI. Hartford Investment Management Co. bought a new stake in Tetra Technologies in the 2nd quarter valued at $118,000. JPMorgan Chase & Co. increased its holdings in Tetra Technologies by 3,012.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 46,187 shares of the oil and gas company’s stock valued at $129,000 after buying an additional 44,703 shares during the period. Cubist Systematic Strategies LLC increased its holdings in Tetra Technologies by 326.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 47,942 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 36,687 shares during the period. GSA Capital Partners LLP increased its holdings in Tetra Technologies by 73.7% in the 2nd quarter. GSA Capital Partners LLP now owns 57,037 shares of the oil and gas company’s stock valued at $159,000 after buying an additional 24,198 shares during the period. Finally, Arizona State Retirement System increased its holdings in Tetra Technologies by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 60,490 shares of the oil and gas company’s stock valued at $169,000 after buying an additional 200 shares during the period. 89.16% of the stock is currently owned by hedge funds and other institutional investors.
Tetra Technologies, Inc. (TTI) traded up $0.07 on Friday, hitting $4.10. 1,670,000 shares of the stock traded hands, compared to its average volume of 1,267,850. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.38 and a current ratio of 2.24. Tetra Technologies, Inc. has a fifty-two week low of $1.85 and a fifty-two week high of $5.98.
Tetra Technologies (NYSE:TTI) last issued its quarterly earnings data on Thursday, November 9th. The oil and gas company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. Tetra Technologies had a negative net margin of 5.47% and a negative return on equity of 6.89%. The firm had revenue of $216.36 million for the quarter, compared to analyst estimates of $218.65 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The company’s revenue was up 22.5% on a year-over-year basis. analysts expect that Tetra Technologies, Inc. will post -0.16 earnings per share for the current year.
TTI has been the topic of several analyst reports. Piper Jaffray Companies set a $4.00 price target on shares of Tetra Technologies and gave the company a “buy” rating in a report on Wednesday, October 11th. Scotiabank set a $4.00 price target on shares of Tetra Technologies and gave the company a “buy” rating in a report on Tuesday, August 22nd. Loop Capital boosted their price target on shares of Tetra Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, November 10th. Zacks Investment Research raised shares of Tetra Technologies from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a report on Thursday, November 16th. Finally, Morgan Stanley upped their target price on shares of Tetra Technologies from $3.00 to $4.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Tetra Technologies currently has a consensus rating of “Buy” and a consensus target price of $4.73.
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Tetra Technologies Profile
TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.
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