TETRA Technologies, Inc. (NYSE:TTI) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its holdings in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 32.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,559,054 shares of the oil and gas company's stock after purchasing an additional 378,488 shares during the period. Ameriprise Financial Inc. owned approximately 1.18% of TETRA Technologies worth $5,581,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Manatuck Hill Partners LLC boosted its stake in TETRA Technologies by 20.0% during the fourth quarter. Manatuck Hill Partners LLC now owns 1,200,000 shares of the oil and gas company's stock worth $4,296,000 after acquiring an additional 200,000 shares in the last quarter. Northern Trust Corp grew its holdings in shares of TETRA Technologies by 9.1% in the fourth quarter. Northern Trust Corp now owns 1,189,713 shares of the oil and gas company's stock valued at $4,259,000 after acquiring an additional 99,588 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in shares of TETRA Technologies during the 4th quarter worth $40,000. Nebula Research & Development LLC boosted its stake in TETRA Technologies by 45.4% in the fourth quarter. Nebula Research & Development LLC now owns 65,881 shares of the oil and gas company's stock valued at $236,000 after acquiring an additional 20,557 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in TETRA Technologies by 6.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 142,394 shares of the oil and gas company's stock valued at $510,000 after purchasing an additional 8,323 shares during the period. Institutional investors and hedge funds own 70.19% of the company's stock.

TETRA Technologies Stock Performance

TTI stock traded up $0.04 during trading on Thursday, reaching $2.74. The stock had a trading volume of 1,159,389 shares, compared to its average volume of 1,201,090. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16. The firm has a market cap of $364.09 million, a PE ratio of 136.87 and a beta of 1.31. The stock's 50 day moving average is $2.77 and its two-hundred day moving average is $3.53. 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 posted its earnings results on Tuesday, April 29th. The oil and gas company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The company had revenue of $157.14 million during the quarter, compared to analysts' expectations of $160.52 million. As a group, equities analysts anticipate that TETRA Technologies, Inc. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on TTI. Wall Street Zen downgraded TETRA Technologies from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Stifel Nicolaus decreased their price target on shares of TETRA Technologies from $7.00 to $6.50 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, D. Boral Capital dropped their target price on TETRA Technologies from $5.50 to $4.00 and set a "buy" rating for the company in a report on Thursday, May 1st.

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.