Acuitas Investments LLC Decreases Stock Position in TETRA Technologies, Inc. (NYSE:TTI)

Acuitas Investments LLC trimmed its stake in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 51.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 280,470 shares of the oil and gas company's stock after selling 303,035 shares during the period. Acuitas Investments LLC owned approximately 0.22% of TETRA Technologies worth $1,268,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. grew its position in shares of TETRA Technologies by 6.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,973 shares of the oil and gas company's stock valued at $293,000 after buying an additional 2,644 shares during the last quarter. Swiss National Bank boosted its stake in TETRA Technologies by 1.0% during the 3rd quarter. Swiss National Bank now owns 270,300 shares of the oil and gas company's stock worth $1,725,000 after purchasing an additional 2,700 shares during the period. Byrne Asset Management LLC boosted its stake in TETRA Technologies by 36.7% during the 4th quarter. Byrne Asset Management LLC now owns 13,400 shares of the oil and gas company's stock worth $63,000 after purchasing an additional 3,600 shares during the period. Quantbot Technologies LP acquired a new stake in TETRA Technologies during the 3rd quarter worth $33,000. Finally, Fortitude Family Office LLC acquired a new stake in TETRA Technologies during the 4th quarter worth $26,000. 70.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Northland Securities began coverage on shares of TETRA Technologies in a research note on Tuesday, February 20th. They set an "outperform" rating and a $6.00 price target for the company. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $7.00.

TETRA Technologies Stock Performance

Shares of TTI stock traded up $0.09 during mid-day trading on Friday, hitting $4.56. The stock had a trading volume of 1,139,245 shares, compared to its average volume of 1,370,568. TETRA Technologies, Inc. has a fifty-two week low of $2.56 and a fifty-two week high of $6.77. The firm has a market cap of $598.00 million, a PE ratio of 22.80 and a beta of 2.20. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.24 and a quick ratio of 1.47. The company's 50-day simple moving average is $4.32 and its 200-day simple moving average is $4.55.

TETRA Technologies (NYSE:TTI - Get Free Report) last released its earnings results on Tuesday, February 27th. The oil and gas company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. TETRA Technologies had a net margin of 4.12% and a return on equity of 25.28%. The company had revenue of $153.13 million during the quarter, compared to analysts' expectations of $144.76 million. Sell-side analysts anticipate that TETRA Technologies, Inc. will post 0.23 earnings per share for the current 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.