TETRA Technologies, Inc. (NYSE:TTI) Position Lessened by Maven Securities LTD

Maven Securities LTD reduced its stake in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 81.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 60,000 shares of the oil and gas company's stock after selling 258,439 shares during the quarter. Maven Securities LTD's holdings in TETRA Technologies were worth $215,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TTI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in TETRA Technologies by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,839 shares of the oil and gas company's stock worth $257,000 after buying an additional 3,124 shares in the last quarter. Graham Capital Management L.P. increased its position in shares of TETRA Technologies by 20.9% during the fourth quarter. Graham Capital Management L.P. now owns 147,767 shares of the oil and gas company's stock worth $529,000 after acquiring an additional 25,553 shares during the last quarter. Deutsche Bank AG increased its position in shares of TETRA Technologies by 71.7% during the fourth quarter. Deutsche Bank AG now owns 120,092 shares of the oil and gas company's stock worth $430,000 after acquiring an additional 50,152 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of TETRA Technologies by 45.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,289,946 shares of the oil and gas company's stock worth $4,618,000 after acquiring an additional 403,086 shares in the last quarter. Finally, Caption Management LLC purchased a new position in TETRA Technologies in the fourth quarter valued at about $92,000. 70.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. StockNews.com downgraded TETRA Technologies from a "buy" rating to a "hold" rating in a report on Friday, May 9th. D. Boral Capital decreased their price target on shares of TETRA Technologies from $5.50 to $4.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Stifel Nicolaus dropped their price target on shares of TETRA Technologies from $7.00 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, April 15th.

TETRA Technologies Stock Down 1.2%

NYSE TTI traded down $0.04 on Tuesday, hitting $2.90. 223,500 shares of the stock traded hands, compared to its average volume of 1,294,254. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16. The stock has a 50-day moving average of $2.87 and a 200 day moving average of $3.57. TETRA Technologies, Inc. has a twelve month low of $2.03 and a twelve month high of $5.12. The company has a market capitalization of $385.25 million, a P/E ratio of 144.82 and a beta of 1.31.

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

TETRA Technologies Company 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.