Squarepoint Ops LLC Lowers Stock Holdings in TETRA Technologies, Inc. (NYSE:TTI)

Squarepoint Ops LLC decreased its position in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 41.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Two Sigma Investments LP raised its holdings in TETRA Technologies by 51.2% during the fourth 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 last quarter. ProShare Advisors LLC increased its position in shares of TETRA Technologies by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 35,357 shares of the oil and gas company's stock valued at $127,000 after buying an additional 11,634 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of TETRA Technologies by 4.5% in 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 buying an additional 3,124 shares in the last quarter. Graham Capital Management L.P. raised its stake in shares of TETRA Technologies by 20.9% during the 4th quarter. Graham Capital Management L.P. now owns 147,767 shares of the oil and gas company's stock worth $529,000 after buying an additional 25,553 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of 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 buying an additional 50,152 shares in the last quarter. Hedge funds and other institutional investors own 70.19% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TTI. Wall Street Zen downgraded shares of TETRA Technologies from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Stifel Nicolaus lowered their price target on shares of TETRA Technologies from $7.00 to $6.50 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, D. Boral Capital dropped their price objective 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.

TETRA Technologies Price Performance

Shares of NYSE TTI traded up $0.09 during trading on Friday, reaching $2.98. The company had a trading volume of 779,535 shares, compared to its average volume of 1,192,059. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16. TETRA Technologies, Inc. has a twelve month low of $2.03 and a twelve month high of $5.12. The stock has a 50-day moving average price of $2.70 and a two-hundred day moving average price of $3.49. The stock has a market capitalization of $396.56 million, a PE ratio of 149.07 and a beta of 1.35.

TETRA Technologies (NYSE:TTI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The oil and gas company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The firm had revenue of $157.14 million during the quarter, compared to analysts' expectations of $160.52 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. As a group, sell-side analysts predict that TETRA Technologies, Inc. will post 0.15 earnings per share 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.