Teachers Retirement System of The State of Kentucky Acquires Shares of 178,309 Tetra Technologies, Inc. $TTI

Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Tetra Technologies, Inc. (NYSE:TTI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 178,309 shares of the oil and gas company's stock, valued at approximately $1,671,000. Teachers Retirement System of The State of Kentucky owned about 0.13% of Tetra Technologies as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Tetra Technologies by 2.1% during the third quarter. Vanguard Group Inc. now owns 8,456,975 shares of the oil and gas company's stock valued at $48,628,000 after purchasing an additional 174,028 shares during the period. Rubric Capital Management LP purchased a new stake in Tetra Technologies in the third quarter worth about $26,046,000. Dimensional Fund Advisors LP lifted its stake in Tetra Technologies by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 4,419,796 shares of the oil and gas company's stock worth $25,414,000 after acquiring an additional 72,338 shares during the period. American Century Companies Inc. lifted its stake in Tetra Technologies by 13.8% in the third quarter. American Century Companies Inc. now owns 3,416,017 shares of the oil and gas company's stock worth $19,642,000 after acquiring an additional 414,076 shares during the period. Finally, Frontier Capital Management Co. LLC raised its holdings in Tetra Technologies by 26.1% in the second quarter. Frontier Capital Management Co. LLC now owns 2,837,749 shares of the oil and gas company's stock worth $9,535,000 after purchasing an additional 586,493 shares in the last quarter. Institutional investors own 70.19% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on TTI shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Tetra Technologies in a report on Friday, January 9th. Clear Str downgraded shares of Tetra Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 20th. Finally, Stifel Nicolaus upped their price objective on shares of Tetra Technologies from $9.00 to $13.00 and gave the company a "buy" rating in a report on Monday, January 12th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Tetra Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.25.

Tetra Technologies Trading Down 0.3%

Shares of NYSE:TTI opened at $9.43 on Monday. Tetra Technologies, Inc. has a 1 year low of $2.63 and a 1 year high of $12.54. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 188.54 and a beta of 1.21. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.20. The business's 50 day moving average price is $8.83 and its 200-day moving average price is $9.10.

Tetra Technologies (NYSE:TTI - Get Free Report) last announced its earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.03. Tetra Technologies had a return on equity of 10.50% and a net margin of 1.15%.The firm had revenue of $156.25 million for the quarter, compared to analyst estimates of $151.20 million. On average, equities research analysts forecast that Tetra Technologies, Inc. will post 0.23 earnings per share for the current fiscal year.

About Tetra Technologies

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.