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

D. E. Shaw & Co. Inc. grew its stake in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 45.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,289,946 shares of the oil and gas company's stock after acquiring an additional 403,086 shares during the period. 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 have also recently made changes to their positions in the stock. Icon Advisers Inc. Co. bought a new position in TETRA Technologies in the 4th quarter worth about $2,377,000. Stifel Financial Corp boosted its holdings in TETRA Technologies by 224.8% during the 4th quarter. Stifel Financial Corp now owns 702,895 shares of the oil and gas company's stock valued at $2,516,000 after acquiring an additional 486,456 shares during the period. American Century Companies Inc. boosted its holdings in TETRA Technologies by 36.3% during the 4th quarter. American Century Companies Inc. now owns 1,734,653 shares of the oil and gas company's stock valued at $6,210,000 after acquiring an additional 462,213 shares during the period. HITE Hedge Asset Management LLC boosted its holdings in TETRA Technologies by 32.7% during the 4th quarter. HITE Hedge Asset Management LLC now owns 1,681,509 shares of the oil and gas company's stock valued at $6,020,000 after acquiring an additional 414,640 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in TETRA Technologies by 32.1% during the 4th quarter. Ameriprise Financial Inc. now owns 1,559,054 shares of the oil and gas company's stock valued at $5,581,000 after purchasing an additional 378,488 shares during the period. Hedge funds and other institutional investors own 70.19% of the company's stock.

Wall Street Analyst Weigh In

TTI has been the topic of a number of research analyst reports. Stifel Nicolaus reduced their target price on TETRA Technologies from $7.00 to $6.50 and set a "buy" rating on the stock in a report on Tuesday, April 15th. StockNews.com cut TETRA Technologies from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, D. Boral Capital dropped their price target on TETRA Technologies from $5.50 to $4.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st.

TETRA Technologies Stock Performance

Shares of TTI stock traded down $0.08 during trading hours on Tuesday, reaching $2.85. 651,022 shares of the company traded hands, compared to its average volume of 1,217,597. The firm has a 50-day moving average price of $2.87 and a 200 day moving average price of $3.57. The company has a market cap of $379.26 million, a P/E ratio of 142.57 and a beta of 1.31. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51. 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 data on Tuesday, April 29th. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The firm had revenue of $157.14 million during the quarter, compared to analysts' expectations of $160.52 million. As a group, sell-side analysts predict that TETRA Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

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.