TETRA Technologies, Inc. (NYSE:TTI) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its holdings in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 48.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 329,359 shares of the oil and gas company's stock after selling 305,440 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.25% of TETRA Technologies worth $1,179,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Icon Advisers Inc. Co. purchased a new position in TETRA Technologies in the fourth quarter worth $2,377,000. Stifel Financial Corp grew its holdings in TETRA Technologies by 224.8% in the fourth quarter. Stifel Financial Corp now owns 702,895 shares of the oil and gas company's stock worth $2,516,000 after purchasing an additional 486,456 shares during the last quarter. American Century Companies Inc. grew its holdings in TETRA Technologies by 36.3% in the fourth quarter. American Century Companies Inc. now owns 1,734,653 shares of the oil and gas company's stock worth $6,210,000 after purchasing an additional 462,213 shares during the last quarter. HITE Hedge Asset Management LLC grew its holdings in TETRA Technologies by 32.7% in the fourth quarter. HITE Hedge Asset Management LLC now owns 1,681,509 shares of the oil and gas company's stock worth $6,020,000 after purchasing an additional 414,640 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in TETRA Technologies by 45.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,289,946 shares of the oil and gas company's stock worth $4,618,000 after purchasing an additional 403,086 shares during the last quarter. 70.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. D. Boral Capital cut their price target on shares of TETRA Technologies from $5.50 to $4.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Wall Street Zen downgraded shares of TETRA Technologies from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Stifel Nicolaus lowered 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 note on Tuesday, April 15th.

TETRA Technologies Stock Performance

Shares of NYSE:TTI traded up $0.09 on Friday, hitting $2.98. 779,535 shares of the company were exchanged, compared to its average volume of 1,193,109. TETRA Technologies, Inc. has a 1-year low of $2.03 and a 1-year high of $5.12. The stock's 50 day moving average price is $2.69 and its 200 day moving average price is $3.48. 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 capitalization of $396.56 million, a P/E ratio of 149.07 and a beta of 1.35.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. The company had revenue of $157.14 million during the quarter, compared to the consensus estimate of $160.52 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. Sell-side analysts predict that TETRA Technologies, Inc. will post 0.15 EPS for the current 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.