Maven Securities LTD Lowers Stock Holdings in TETRA Technologies, Inc. (NYSE:TTI)

Maven Securities LTD cut its position in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 81.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,000 shares of the oil and gas company's stock after selling 258,439 shares during the period. Maven Securities LTD's holdings in TETRA Technologies were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in TETRA Technologies by 233.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 510,705 shares of the oil and gas company's stock worth $1,583,000 after purchasing an additional 357,455 shares during the last quarter. Barclays PLC boosted its position in TETRA Technologies by 369.6% during the third quarter. Barclays PLC now owns 209,873 shares of the oil and gas company's stock worth $650,000 after acquiring an additional 165,184 shares during the last quarter. Norges Bank purchased a new stake in TETRA Technologies during the 4th quarter valued at about $812,000. Charles Schwab Investment Management Inc. grew its stake in TETRA Technologies by 9.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,086,670 shares of the oil and gas company's stock valued at $3,890,000 after acquiring an additional 92,493 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in TETRA Technologies by 6.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 142,394 shares of the oil and gas company's stock valued at $510,000 after acquiring an additional 8,323 shares during the last quarter. 70.19% of the stock is currently owned by hedge funds and other institutional investors.

TETRA Technologies Trading Down 0.8%

Shares of TTI stock traded down $0.03 during trading on Friday, hitting $2.97. 1,058,662 shares of the stock traded hands, compared to its average volume of 1,221,839. 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 $394.56 million, a P/E ratio of 148.32 and a beta of 1.31. The firm's fifty day moving average price is $2.88 and its 200-day moving average price is $3.57. 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. The company had revenue of $157.14 million for the quarter, compared to the consensus estimate of $160.52 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. As a group, research analysts forecast that TETRA Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TTI has been the subject of a number of analyst reports. Stifel Nicolaus dropped their price target on TETRA Technologies from $7.00 to $6.50 and set a "buy" rating for the company in a research report on Tuesday, April 15th. 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. Finally, StockNews.com cut TETRA Technologies from a "buy" rating to a "hold" rating in a report on Friday, May 9th.

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.