Squarepoint Ops LLC Sells 132,375 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Squarepoint Ops LLC decreased its stake in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 41.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 188,027 shares of the oil and gas company's stock after selling 132,375 shares during the quarter. Squarepoint Ops LLC owned 0.14% of TETRA Technologies worth $673,000 as of its most recent filing with the SEC.

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

TETRA Technologies Stock Performance

Shares of TTI traded up $0.02 during mid-day trading on Thursday, hitting $2.88. 826,541 shares of the company's stock were exchanged, compared to its average volume of 1,195,891. The firm has a market cap of $382.58 million, a price-to-earnings ratio of 143.32 and a beta of 1.31. TETRA Technologies, Inc. has a 52 week low of $2.03 and a 52 week high of $5.12. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. The stock's 50-day simple moving average is $2.71 and its 200-day simple moving average is $3.50.

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 (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $157.14 million for the quarter, compared to analyst estimates of $160.52 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. On average, equities research analysts expect that TETRA Technologies, Inc. will post 0.15 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on TTI shares. Stifel Nicolaus dropped their price objective on TETRA Technologies from $7.00 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, April 15th. D. Boral Capital decreased their price target on TETRA Technologies from $5.50 to $4.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Wall Street Zen cut TETRA Technologies from a "buy" rating to a "hold" rating in a research note on Friday, May 9th.

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.