Kapitalo Investimentos Ltda Buys New Shares in Tetra Technologies, Inc. $TTI

Key Points

• Kapitalo Investimentos Ltda has acquired 53,320 shares of Tetra Technologies, Inc. for a total investment of approximately $179,000 during the second quarter.
• Institutional investments in Tetra Technologies have increased, with Byrne Asset Management boosting its stake by 67.9% and other firms also adding new positions or increasing existing stakes.
• Analysts have raised price targets for Tetra Technologies, with the average target now set at $5.75, as multiple firms have upgraded their ratings to "buy".

Kapitalo Investimentos Ltda acquired a new position in shares of Tetra Technologies, Inc. (NYSE:TTI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 53,320 shares of the oil and gas company's stock, valued at approximately $179,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TTI. Deutsche Bank AG increased its stake in Tetra Technologies by 71.7% in the 4th quarter. Deutsche Bank AG now owns 120,092 shares of the oil and gas company's stock worth $430,000 after purchasing an additional 50,152 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Tetra Technologies by 4.5% during the fourth 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 acquiring an additional 3,124 shares during the period. ProShare Advisors LLC lifted its position in shares of Tetra Technologies by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 35,357 shares of the oil and gas company's stock valued at $127,000 after acquiring an additional 11,634 shares in the last quarter. Two Sigma Investments LP boosted its stake in Tetra Technologies by 51.2% in the 4th quarter. Two Sigma Investments LP now owns 187,072 shares of the oil and gas company's stock worth $670,000 after purchasing an additional 63,370 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Tetra Technologies by 18.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,515 shares of the oil and gas company's stock worth $1,044,000 after purchasing an additional 45,535 shares in the last quarter. 70.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on TTI shares. D. Boral Capital raised their target price on Tetra Technologies from $4.00 to $5.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Wall Street Zen upgraded Tetra Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Stifel Nicolaus increased 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 issued a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $5.75.

Tetra Technologies Stock Performance

TTI stock traded up $0.16 during midday trading on Monday, hitting $5.46. 1,526,438 shares of the company traded hands, compared to its average volume of 1,132,775. Tetra Technologies, Inc. has a twelve month low of $2.03 and a twelve month high of $5.52. The stock has a market capitalization of $727.04 million, a price-to-earnings ratio of 6.34 and a beta of 1.39. 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 business has a 50 day simple moving average of $4.25 and a 200-day simple moving average of $3.47.

Tetra Technologies (NYSE:TTI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The oil and gas company reported $0.09 earnings per share (EPS) 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, equities research analysts predict that Tetra Technologies, Inc. will post 0.15 earnings per share for the current year.

About Tetra Technologies

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.