Cinctive Capital Management LP Purchases 56,941 Shares of Tetra Technologies, Inc. $TTI

Key Points

• Cinctive Capital Management LP increased its stake in Tetra Technologies, Inc. by 13.6%, acquiring an additional 56,941 shares in the first quarter, resulting in ownership of 0.36% of the company valued at approximately $1.60 million.
• Several institutional investors have made significant changes to their stakes in Tetra Technologies, with AQR Capital Management growing its holdings by 87.3% during the same period.
• Tetra Technologies recently received several upgrades from brokerages, with a consensus rating of "Buy" and a price target of $5.75, while the stock currently trades around $4.76.

Cinctive Capital Management LP increased its stake in Tetra Technologies, Inc. (NYSE:TTI - Free Report) by 13.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 475,000 shares of the oil and gas company's stock after purchasing an additional 56,941 shares during the quarter. Cinctive Capital Management LP owned approximately 0.36% of Tetra Technologies worth $1,596,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Tetra Technologies by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,839 shares of the oil and gas company's stock valued at $257,000 after purchasing an additional 3,124 shares in the last quarter. Diversified Trust Co grew its position in shares of Tetra Technologies by 10.3% during the 1st quarter. Diversified Trust Co now owns 43,565 shares of the oil and gas company's stock valued at $146,000 after purchasing an additional 4,058 shares in the last quarter. Byrne Asset Management LLC grew its position 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 purchasing an additional 6,177 shares in the last quarter. 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 valued at $510,000 after purchasing an additional 8,323 shares in the last quarter. Finally, State of Wyoming grew its position in shares of Tetra Technologies by 33.9% during the 1st quarter. State of Wyoming now owns 34,502 shares of the oil and gas company's stock valued at $116,000 after purchasing an additional 8,730 shares in the last quarter. Institutional investors own 70.19% of the company's stock.

Tetra Technologies Trading Up 1.2%

Tetra Technologies stock traded up $0.06 during mid-day trading on Monday, hitting $4.75. The company's stock had a trading volume of 861,006 shares, compared to its average volume of 1,314,771. 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 stock has a market cap of $632.41 million, a price-to-earnings ratio of 5.52 and a beta of 1.39. The business has a 50 day moving average price of $3.94 and a 200-day moving average price of $3.37. 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 posted 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. The business had revenue of $173.87 million during the quarter, compared to the consensus estimate of $172.46 million. Tetra Technologies had a net margin of 18.95% and a return on equity of 14.10%. Tetra Technologies has set its FY 2025 guidance at EPS. As a group, analysts forecast that Tetra Technologies, Inc. will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TTI shares. 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 research report on Thursday, July 31st. Wall Street Zen upgraded shares of Tetra Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Stifel Nicolaus upped their target price on shares of Tetra Technologies from $6.00 to $6.50 and gave the stock a "buy" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $5.75.

Tetra Technologies 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.