Two Sigma Advisers LP Lowers Stake in TETRA Technologies, Inc. (NYSE:TTI)

Two Sigma Advisers LP trimmed its position in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 43.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 211,356 shares of the oil and gas company's stock after selling 160,200 shares during the period. Two Sigma Advisers LP owned about 0.16% of TETRA Technologies worth $757,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TTI. KLCM Advisors Inc. acquired a new position in TETRA Technologies during the fourth quarter worth about $36,000. HighTower Advisors LLC purchased a new position in TETRA Technologies in the 4th quarter worth approximately $39,000. Aquatic Capital Management LLC acquired a new position in shares of TETRA Technologies during the 4th quarter worth approximately $40,000. Cibc World Markets Corp purchased a new stake in shares of TETRA Technologies in the fourth quarter valued at approximately $42,000. Finally, M&T Bank Corp acquired a new stake in shares of TETRA Technologies in the fourth quarter valued at approximately $53,000. 70.19% of the stock is currently owned by hedge funds and other institutional investors.

TETRA Technologies Trading Up 3.1%

Shares of TTI stock traded up $0.09 during trading on Friday, hitting $2.98. 779,535 shares of the stock traded hands, compared to its average volume of 1,192,059. 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 fifty day moving average price is $2.70 and its 200-day moving average price is $3.49. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51.

TETRA Technologies (NYSE:TTI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The oil and gas company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The company had revenue of $157.14 million for the quarter, compared to the consensus estimate of $160.52 million. As a group, research analysts forecast that TETRA Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. D. Boral Capital lowered their price objective on TETRA Technologies from $5.50 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Wall Street Zen cut shares of TETRA Technologies from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Stifel Nicolaus dropped their price objective on shares of TETRA Technologies from $7.00 to $6.50 and set a "buy" rating for the company 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.