Skylands Capital LLC Invests $321,000 in Tetra Technologies, Inc. (NYSE:TTI)

Skylands Capital LLC acquired a new stake in Tetra Technologies, Inc. (NYSE:TTI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 95,600 shares of the oil and gas company's stock, valued at approximately $321,000. Skylands Capital LLC owned 0.07% of Tetra Technologies as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Tetra Technologies by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,839 shares of the oil and gas company's stock worth $257,000 after purchasing an additional 3,124 shares during the period. Diversified Trust Co raised its position in Tetra Technologies by 10.3% in the 1st quarter. Diversified Trust Co now owns 43,565 shares of the oil and gas company's stock valued at $146,000 after buying an additional 4,058 shares during the last quarter. Byrne Asset Management LLC lifted its stake in Tetra Technologies by 67.9% during the 1st quarter. Byrne Asset Management LLC now owns 15,277 shares of the oil and gas company's stock valued at $51,000 after acquiring an additional 6,177 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Tetra Technologies by 6.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 142,394 shares of the oil and gas company's stock worth $510,000 after acquiring an additional 8,323 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Tetra Technologies by 4.3% during the 1st quarter. Rhumbline Advisers now owns 216,479 shares of the oil and gas company's stock worth $727,000 after acquiring an additional 8,857 shares during the last quarter. 70.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Tetra Technologies Stock Up 1.9%

TTI stock opened at $3.53 on Monday. The stock has a market cap of $469.07 million, a P/E ratio of 4.20 and a beta of 1.36. The company has a current ratio of 2.54, a quick ratio of 1.61 and a debt-to-equity ratio of 0.66. The stock's fifty day simple moving average is $3.01 and its two-hundred day simple moving average is $3.44. Tetra Technologies, Inc. has a 1-year low of $2.03 and a 1-year high of $5.12.

Tetra Technologies (NYSE:TTI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The oil and gas company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The company had revenue of $157.14 million for the quarter, compared to the consensus estimate of $160.52 million. Tetra Technologies had a net margin of 18.41% and a return on equity of 14.49%. Analysts expect that Tetra Technologies, Inc. will post 0.15 EPS for the current 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.

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