Manatuck Hill Partners LLC Purchases 200,000 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Manatuck Hill Partners LLC grew its position in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 20.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,200,000 shares of the oil and gas company's stock after buying an additional 200,000 shares during the quarter. TETRA Technologies makes up about 1.8% of Manatuck Hill Partners LLC's investment portfolio, making the stock its 17th largest holding. Manatuck Hill Partners LLC owned approximately 0.91% of TETRA Technologies worth $4,296,000 at the end of the most recent reporting period.

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

TETRA Technologies Stock Performance

Shares of NYSE:TTI traded up $0.15 during trading on Wednesday, hitting $2.88. 1,671,117 shares of the stock were exchanged, compared to its average volume of 1,221,404. The company's fifty day simple moving average is $2.95 and its 200-day simple moving average is $3.58. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33. The company has a market capitalization of $383.65 million, a price-to-earnings ratio of 143.82 and a beta of 1.31. TETRA Technologies, Inc. has a 1-year low of $2.03 and a 1-year high of $5.12.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus lowered their price target on TETRA Technologies from $7.00 to $6.50 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. D. Boral Capital lowered their target price 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, StockNews.com upgraded shares of TETRA Technologies from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, TETRA Technologies currently has a consensus rating of "Buy" and a consensus price target of $6.17.

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.