Essex Investment Management Co. LLC Sells 113,167 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Essex Investment Management Co. LLC reduced its stake in TETRA Technologies, Inc. (NYSE:TTI) by 12.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 761,653 shares of the oil and gas company’s stock after selling 113,167 shares during the quarter. Essex Investment Management Co. LLC owned about 0.58% of TETRA Technologies worth $2,727,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Balboa Wealth Partners bought a new stake in shares of TETRA Technologies in the third quarter valued at about $33,000. Townsquare Capital LLC acquired a new position in shares of TETRA Technologies during the 3rd quarter worth approximately $36,000. KLCM Advisors Inc. bought a new position in shares of TETRA Technologies during the fourth quarter worth approximately $36,000. M&T Bank Corp acquired a new stake in shares of TETRA Technologies in the fourth quarter valued at approximately $53,000. Finally, US Bancorp DE boosted its stake in shares of TETRA Technologies by 2,038.0% in the third quarter. US Bancorp DE now owns 17,703 shares of the oil and gas company’s stock valued at $55,000 after buying an additional 16,875 shares during the period. 70.19% of the stock is currently owned by institutional investors and hedge funds.

TETRA Technologies Trading Up 1.1 %

Shares of TETRA Technologies stock opened at $3.32 on Monday. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. TETRA Technologies, Inc. has a 12-month low of $2.68 and a 12-month high of $5.12. The company has a market capitalization of $438.89 million, a price-to-earnings ratio of 165.83 and a beta of 2.04. The firm’s 50-day moving average price is $4.17 and its two-hundred day moving average price is $3.66.

TETRA Technologies (NYSE:TTI) last posted its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The business had revenue of $134.50 million for the quarter, compared to analyst estimates of $138.96 million. On average, analysts forecast that TETRA Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, D. Boral Capital restated a “buy” rating and set a $5.50 price objective on shares of TETRA Technologies in a research note on Thursday, February 27th.

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.