Jacobs Levy Equity Management Inc. Makes New Investment in TETRA Technologies, Inc. (NYSE:TTI)

Jacobs Levy Equity Management Inc. acquired a new position in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 821,305 shares of the oil and gas company's stock, valued at approximately $2,546,000. Jacobs Levy Equity Management Inc. owned about 0.62% of TETRA Technologies as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in shares of TETRA Technologies by 5.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 102,722 shares of the oil and gas company's stock worth $456,000 after purchasing an additional 5,265 shares during the last quarter. Comerica Bank lifted its stake in shares of TETRA Technologies by 116.4% in the 1st quarter. Comerica Bank now owns 115,998 shares of the oil and gas company's stock worth $514,000 after acquiring an additional 62,387 shares during the period. Diversified Trust Co boosted its holdings in shares of TETRA Technologies by 12.0% in the second quarter. Diversified Trust Co now owns 39,762 shares of the oil and gas company's stock valued at $138,000 after acquiring an additional 4,247 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in shares of TETRA Technologies by 16.4% during the second quarter. Wedge Capital Management L L P NC now owns 278,215 shares of the oil and gas company's stock worth $963,000 after acquiring an additional 39,284 shares during the period. Finally, ARS Investment Partners LLC purchased a new position in TETRA Technologies during the second quarter worth about $104,000. Institutional investors and hedge funds own 70.19% of the company's stock.

TETRA Technologies Trading Down 2.6 %

TTI traded down $0.10 during trading on Friday, hitting $3.74. The company's stock had a trading volume of 592,081 shares, compared to its average volume of 736,555. TETRA Technologies, Inc. has a twelve month low of $2.68 and a twelve month high of $5.08. The stock has a market cap of $492.97 million, a PE ratio of 187.09 and a beta of 2.10. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51. The firm's 50 day moving average price is $3.54 and its 200-day moving average price is $3.38.

TETRA Technologies (NYSE:TTI - Get Free Report) last posted its earnings results on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.03. The company had revenue of $141.70 million for the quarter, compared to analysts' expectations of $156.43 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The firm's quarterly revenue was down 6.5% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. On average, analysts expect that TETRA Technologies, Inc. will post 0.15 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the company. EF Hutton Acquisition Co. I raised TETRA Technologies to a "strong-buy" rating in a report on Monday, October 21st. StockNews.com raised TETRA Technologies from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th.

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.