Two Sigma Advisers LP Cuts Holdings in TETRA Technologies, Inc. (NYSE:TTI)

Two Sigma Advisers LP trimmed its stake in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 43.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TTI. Dimensional Fund Advisors LP lifted its position in shares of TETRA Technologies by 7.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,259,133 shares of the oil and gas company's stock valued at $11,667,000 after buying an additional 239,052 shares in the last quarter. Geode Capital Management LLC raised its position in shares of TETRA Technologies by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,741,804 shares of the oil and gas company's stock worth $9,818,000 after purchasing an additional 13,769 shares during the last quarter. American Century Companies Inc. lifted its stake in TETRA Technologies by 36.3% in the 4th quarter. American Century Companies Inc. now owns 1,734,653 shares of the oil and gas company's stock valued at $6,210,000 after buying an additional 462,213 shares in the last quarter. WealthTrust Axiom LLC boosted its holdings in TETRA Technologies by 4.0% in the 4th quarter. WealthTrust Axiom LLC now owns 1,697,050 shares of the oil and gas company's stock worth $6,075,000 after buying an additional 64,824 shares during the last quarter. Finally, HITE Hedge Asset Management LLC increased its stake in TETRA Technologies by 32.7% during the 4th quarter. HITE Hedge Asset Management LLC now owns 1,681,509 shares of the oil and gas company's stock worth $6,020,000 after buying an additional 414,640 shares in the last quarter. 70.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

TETRA Technologies Stock Up 0.9%

TETRA Technologies stock traded up $0.03 during mid-day trading on Thursday, hitting $2.89. The company had a trading volume of 699,774 shares, compared to its average volume of 1,195,369. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. TETRA Technologies, Inc. has a 1 year low of $2.03 and a 1 year high of $5.12. The business has a fifty day moving average of $2.71 and a 200 day moving average of $3.50. The stock has a market cap of $383.92 million, a price-to-earnings ratio of 144.32 and a beta of 1.31.

TETRA Technologies (NYSE:TTI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, topping 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, sell-side analysts expect that TETRA Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

About TETRA Technologies

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.