D. E. Shaw & Co. Inc. Buys 403,086 Shares of TETRA Technologies, Inc. (NYSE:TTI)

D. E. Shaw & Co. Inc. increased its position in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 45.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,289,946 shares of the oil and gas company's stock after purchasing an additional 403,086 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.98% of TETRA Technologies worth $4,618,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Caption Management LLC bought a new stake in TETRA Technologies during the fourth quarter worth about $92,000. Ameriprise Financial Inc. lifted its position in TETRA Technologies by 32.1% during the fourth quarter. Ameriprise Financial Inc. now owns 1,559,054 shares of the oil and gas company's stock worth $5,581,000 after purchasing an additional 378,488 shares during the period. Manatuck Hill Partners LLC lifted its position 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 purchasing an additional 200,000 shares during the period. Northern Trust Corp lifted its position in TETRA Technologies by 9.1% during the fourth quarter. Northern Trust Corp now owns 1,189,713 shares of the oil and gas company's stock worth $4,259,000 after purchasing an additional 99,588 shares during the period. Finally, Aquatic Capital Management LLC bought a new stake in TETRA Technologies during the fourth quarter worth about $40,000. Institutional investors own 70.19% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TTI shares. Wall Street Zen cut shares of TETRA Technologies from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. D. Boral Capital cut their price objective on shares of TETRA Technologies from $5.50 to $4.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Stifel Nicolaus cut their price objective on shares of TETRA Technologies from $7.00 to $6.50 and set a "buy" rating for the company in a research report on Tuesday, April 15th.

TETRA Technologies Price Performance

Shares of TTI stock traded up $0.02 on Friday, reaching $2.74. The company had a trading volume of 703,867 shares, compared to its average volume of 1,203,134. The stock has a market capitalization of $363.95 million, a PE ratio of 136.82 and a beta of 1.31. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. TETRA Technologies, Inc. has a one year low of $2.03 and a one year high of $5.12. The business's 50-day moving average is $2.83 and its 200 day moving average is $3.55.

TETRA Technologies (NYSE:TTI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The oil and gas company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The firm had revenue of $157.14 million during the quarter, compared to analysts' expectations of $160.52 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. Equities research analysts forecast that TETRA Technologies, Inc. will post 0.15 EPS for the current fiscal year.

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.