Tetra Technologies, Inc. $TTI Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. has increased its holdings in Tetra Technologies, Inc. by 49.9%, owning approximately 1.95% of the company after buying additional shares, valuing its investment at about $8.73 million.
• Several hedge funds, including Aquatic Capital Management and Byrne Asset Management, have recently increased their stakes in Tetra Technologies, contributing to institutional investors owning 70.19% of the company's stock.
• Analysts have upgraded Tetra Technologies to a "buy" rating, with a consensus price target of $5.75, following the company's earnings report that met consensus estimates with an EPS of $0.09.

American Century Companies Inc. grew its holdings in shares of Tetra Technologies, Inc. (NYSE:TTI - Free Report) by 49.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,599,446 shares of the oil and gas company's stock after acquiring an additional 864,793 shares during the period. American Century Companies Inc. owned about 1.95% of Tetra Technologies worth $8,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Aquatic Capital Management LLC purchased a new position in shares of Tetra Technologies during the 4th quarter valued at $40,000. Byrne Asset Management LLC lifted its stake in shares of Tetra Technologies by 67.9% during the 1st quarter. Byrne Asset Management LLC now owns 15,277 shares of the oil and gas company's stock valued at $51,000 after buying an additional 6,177 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Tetra Technologies during the 1st quarter valued at $61,000. Vestmark Advisory Solutions Inc. purchased a new position in shares of Tetra Technologies during the 1st quarter valued at $68,000. Finally, Caption Management LLC purchased a new position in shares of Tetra Technologies during the 4th quarter valued at $92,000. Institutional investors own 70.19% of the company's stock.

Analysts Set New Price Targets

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

Tetra Technologies Trading Down 1.2%

TTI stock traded down $0.06 during mid-day trading on Monday, reaching $4.70. The company had a trading volume of 785,680 shares, compared to its average volume of 1,560,513. 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 capitalization of $625.75 million, a PE ratio of 5.46 and a beta of 1.39. The firm has a 50 day moving average of $3.81 and a 200 day moving average of $3.36. Tetra Technologies, Inc. has a 12 month low of $2.03 and a 12 month high of $5.12.

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

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.