Stanley Laman Group Ltd. Has $9.63 Million Stock Holdings in Tetra Technologies, Inc. $TTI

Key Points

• Stanley Laman Group Ltd. trimmed its stake in Tetra Technologies by 20.1% to 1,027,294 shares, valued at about $9.63 million, making TTI its 11th-largest holding.
• Other institutions aggressively increased positions — notably Jane Street (+389.7%), MIRAE (+125.3%) and AQR (+87.3%) — and institutional/hedge funds now own roughly 70.19% of TTI.
• Tetra posted Q4 EPS $0.02 (missed by $0.01) with revenue of $146.7M (beat consensus); the stock trades near $8.46, market cap ~$1.14B, and carries an average analyst target of $10.25 (Moderate Buy).

Stanley Laman Group Ltd. trimmed its stake in Tetra Technologies, Inc. (NYSE:TTI - Free Report) by 20.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,027,294 shares of the oil and gas company's stock after selling 258,684 shares during the quarter. Tetra Technologies comprises about 1.2% of Stanley Laman Group Ltd.'s holdings, making the stock its 11th biggest position. Stanley Laman Group Ltd. owned 0.77% of Tetra Technologies worth $9,626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of TTI. AQR Capital Management LLC grew its holdings in Tetra Technologies by 87.3% in the first quarter. AQR Capital Management LLC now owns 120,585 shares of the oil and gas company's stock worth $405,000 after purchasing an additional 56,203 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Tetra Technologies by 125.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 161,840 shares of the oil and gas company's stock worth $544,000 after purchasing an additional 90,001 shares during the period. Jane Street Group LLC grew its holdings in Tetra Technologies by 389.7% in the first quarter. Jane Street Group LLC now owns 225,101 shares of the oil and gas company's stock worth $756,000 after purchasing an additional 302,793 shares during the period. JPMorgan Chase & Co. grew its holdings in Tetra Technologies by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 389,606 shares of the oil and gas company's stock worth $1,309,000 after purchasing an additional 3,547 shares during the period. Finally, Prudential Financial Inc. grew its holdings in Tetra Technologies by 74.4% in the second quarter. Prudential Financial Inc. now owns 17,790 shares of the oil and gas company's stock worth $60,000 after purchasing an additional 7,590 shares during the period. 70.19% of the stock is currently owned by institutional investors and hedge funds.

Tetra Technologies Stock Up 0.0%

Tetra Technologies stock opened at $8.46 on Monday. Tetra Technologies, Inc. has a 1-year low of $2.16 and a 1-year high of $12.54. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 423.10 and a beta of 1.22. The firm's fifty day moving average price is $9.44 and its two-hundred day moving average price is $8.77. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64.

Tetra Technologies (NYSE:TTI - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The oil and gas company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). Tetra Technologies had a net margin of 0.48% and a return on equity of 12.56%. The business had revenue of $146.68 million during the quarter, compared to the consensus estimate of $140.98 million. On average, equities research analysts predict that Tetra Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on TTI shares. Clear Str cut shares of Tetra Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 20th. Stifel Nicolaus raised their price objective on shares of Tetra Technologies from $9.00 to $13.00 and gave the company a "buy" rating in a research note on Monday, January 12th. Northland Securities raised their price objective on shares of Tetra Technologies from $8.50 to $11.50 and gave the company an "outperform" rating in a research note on Wednesday, December 31st. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Tetra Technologies in a research note on Friday, January 9th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $10.25.

About Tetra Technologies

Tetra Technologies, Inc NYSE: TTI is a provider of specialized products and services to the upstream oil and gas industry. The company operates through two primary segments: Oilfield Services, which offers hydraulic fracturing and wellsite fluid systems, and Chemical Solutions, which manufactures and delivers a broad range of drilling, completion and production chemicals. Tetra's integrated service model spans the design, blending and on-site delivery of fluids, as well as pumping equipment and related wellsite operations.

Within the Oilfield Services segment, Tetra supplies pressure pumping fleets and associated equipment to support onshore hydraulic fracturing and well placement activities.

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