American Century Companies Inc. Buys 864,793 Shares of Tetra Technologies, Inc. $TTI

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. increased its holdings in Tetra Technologies, Inc. (NYSE:TTI - Free Report) by 49.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,599,446 shares of the oil and gas company's stock after buying 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 SEC.

Several other hedge funds have also recently bought and sold shares of TTI. Aquatic Capital Management LLC bought a new position in Tetra Technologies in the 4th quarter worth approximately $40,000. Byrne Asset Management LLC lifted its holdings in shares of Tetra Technologies by 67.9% during the first quarter. Byrne Asset Management LLC now owns 15,277 shares of the oil and gas company's stock valued at $51,000 after purchasing an additional 6,177 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Tetra Technologies in the 1st quarter valued at approximately $61,000. Vestmark Advisory Solutions Inc. purchased a new stake in Tetra Technologies in the 1st quarter worth about $68,000. Finally, Caption Management LLC purchased a new stake in Tetra Technologies in the 4th quarter worth approximately $92,000. 70.19% of the stock is currently owned by institutional investors.

Tetra Technologies Stock Performance

Shares of Tetra Technologies stock traded down $0.06 during trading on Friday, reaching $4.70. The company's stock had a trading volume of 785,680 shares, compared to its average volume of 1,659,369. The business's 50-day moving average price is $3.78 and its 200-day moving average price is $3.38. Tetra Technologies, Inc. has a 52 week low of $2.03 and a 52 week high of $5.12. The company has a quick ratio of 1.61, a current ratio of 2.47 and a debt-to-equity ratio of 0.62. The firm has a market cap of $625.75 million, a PE ratio of 5.46 and a beta of 1.33.

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

Analyst Ratings Changes

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

Tetra Technologies Company 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.