Byrne Asset Management LLC Trims Position in TETRA Technologies, Inc. (NYSE:TTI)

Byrne Asset Management LLC reduced its position in TETRA Technologies, Inc. (NYSE:TTI) by 28.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,100 shares of the oil and gas company’s stock after selling 3,600 shares during the period. Byrne Asset Management LLC’s holdings in TETRA Technologies were worth $33,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Balboa Wealth Partners purchased a new stake in shares of TETRA Technologies in the third quarter valued at $33,000. Townsquare Capital LLC acquired a new position in shares of TETRA Technologies during the 3rd quarter valued at about $36,000. US Bancorp DE increased its stake in shares of TETRA Technologies by 2,038.0% during the 3rd quarter. US Bancorp DE now owns 17,703 shares of the oil and gas company’s stock valued at $55,000 after acquiring an additional 16,875 shares during the last quarter. FMR LLC boosted its position in shares of TETRA Technologies by 75.0% in the third quarter. FMR LLC now owns 18,858 shares of the oil and gas company’s stock worth $58,000 after acquiring an additional 8,084 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in TETRA Technologies during the third quarter worth approximately $118,000. 70.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

TETRA Technologies Price Performance

TTI stock opened at $4.26 on Friday. The firm has a market cap of $561.51 million, a P/E ratio of 213.11 and a beta of 2.04. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33. TETRA Technologies, Inc. has a 1 year low of $2.68 and a 1 year high of $5.12. The stock has a 50-day simple moving average of $4.00 and a 200-day simple moving average of $3.56.

About TETRA Technologies

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.