Nuveen LLC Takes $1.11 Million Position in Tetra Technologies, Inc. $TTI

Nuveen LLC acquired a new stake in Tetra Technologies, Inc. (NYSE:TTI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 329,359 shares of the oil and gas company's stock, valued at approximately $1,107,000. Nuveen LLC owned about 0.25% of Tetra Technologies as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TTI. Raymond James Financial Inc. bought a new position in Tetra Technologies in the 4th quarter valued at $521,000. Barclays PLC raised its position in Tetra Technologies by 8.4% during the 4th quarter. Barclays PLC now owns 227,562 shares of the oil and gas company's stock valued at $814,000 after purchasing an additional 17,689 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Tetra Technologies by 7.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,259,133 shares of the oil and gas company's stock valued at $11,667,000 after purchasing an additional 239,052 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of Tetra Technologies by 27.9% during the 4th quarter. MetLife Investment Management LLC now owns 73,607 shares of the oil and gas company's stock worth $264,000 after buying an additional 16,067 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Tetra Technologies by 6.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 142,394 shares of the oil and gas company's stock worth $510,000 after buying an additional 8,323 shares in the last quarter. Institutional investors own 70.19% of the company's stock.

Tetra Technologies Stock Down 1.8%

NYSE TTI traded down $0.09 during midday trading on Friday, hitting $4.69. 1,063,814 shares of the company traded hands, compared to its average volume of 1,349,261. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.47 and a quick ratio of 1.61. The company has a market cap of $624.42 million, a PE ratio of 5.45 and a beta of 1.39. The company's 50-day simple moving average is $3.91 and its 200-day simple moving average is $3.38. Tetra Technologies, Inc. has a 52 week low of $2.03 and a 52 week high of $5.12.

Tetra Technologies (NYSE:TTI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $173.87 million for the quarter, compared to analysts' expectations of $172.46 million. Tetra Technologies had a return on equity of 14.10% and a net margin of 18.95%. Tetra Technologies has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Tetra Technologies, Inc. will post 0.15 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on TTI. Wall Street Zen raised Tetra Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Stifel Nicolaus boosted their price target on shares of Tetra Technologies from $6.00 to $6.50 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, D. Boral Capital boosted their price target on shares of Tetra Technologies from $4.00 to $5.00 and gave the company a "buy" rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $5.75.

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.