Nuveen Asset Management LLC Sells 305,440 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Nuveen Asset Management LLC lessened its holdings in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 48.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 0.25% of TETRA Technologies worth $1,179,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TTI. KLCM Advisors Inc. bought a new position in shares of TETRA Technologies in the fourth quarter valued at $36,000. HighTower Advisors LLC bought a new position in shares of TETRA Technologies in the 4th quarter valued at about $39,000. Aquatic Capital Management LLC bought a new position in shares of TETRA Technologies in the 4th quarter valued at about $40,000. Cibc World Markets Corp acquired a new position in shares of TETRA Technologies during the 4th quarter worth about $42,000. Finally, M&T Bank Corp bought a new stake in shares of TETRA Technologies in the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 70.19% of the company's stock.

TETRA Technologies Stock Performance

Shares of TTI stock traded up $0.09 during midday trading on Friday, hitting $2.98. 779,534 shares of the company were exchanged, compared to its average volume of 1,192,939. TETRA Technologies, Inc. has a 52 week low of $2.03 and a 52 week high of $5.12. The firm has a market capitalization of $396.56 million, a P/E ratio of 149.07 and a beta of 1.35. The firm's 50 day moving average price is $2.70 and its two-hundred day moving average price is $3.49. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33.

TETRA Technologies (NYSE:TTI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $160.52 million. As a group, equities research analysts anticipate that TETRA Technologies, Inc. will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on TTI. D. Boral Capital cut their target price on shares of TETRA Technologies from $5.50 to $4.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wall Street Zen cut TETRA Technologies from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Stifel Nicolaus decreased 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.

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.