American Century Companies Inc. Raises Stock Position in TETRA Technologies, Inc. (NYSE:TTI)

American Century Companies Inc. raised its holdings in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 36.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,734,653 shares of the oil and gas company's stock after purchasing an additional 462,213 shares during the period. American Century Companies Inc. owned 1.32% of TETRA Technologies worth $6,210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Geode Capital Management LLC raised its holdings in shares of TETRA Technologies by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,728,035 shares of the oil and gas company's stock valued at $8,458,000 after acquiring an additional 17,802 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position 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 purchasing an additional 92,493 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in TETRA Technologies in the 3rd quarter worth $2,546,000. JPMorgan Chase & Co. raised its holdings in TETRA Technologies by 233.2% in 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 in the last quarter. Finally, Everett Harris & Co. CA boosted its stake in shares of TETRA Technologies by 9.3% during the 4th quarter. Everett Harris & Co. CA now owns 477,073 shares of the oil and gas company's stock valued at $1,708,000 after purchasing an additional 40,723 shares in the last quarter. Hedge funds and other institutional investors own 70.19% of the company's stock.

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Analysts Set New Price Targets

Separately, D. Boral Capital reaffirmed a "buy" rating and set a $5.50 price objective on shares of TETRA Technologies in a research report on Wednesday, March 26th.

TETRA Technologies Stock Up 11.7 %

Shares of NYSE:TTI traded up $0.25 during midday trading on Wednesday, reaching $2.38. The company's stock had a trading volume of 3,651,100 shares, compared to its average volume of 1,198,210. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. The firm has a 50 day moving average of $3.62 and a 200-day moving average of $3.68. The firm has a market capitalization of $315.10 million, a P/E ratio of 119.06 and a beta of 1.54. TETRA Technologies, Inc. has a 12-month low of $2.04 and a 12-month high of $5.12.

TETRA Technologies (NYSE:TTI - Get Free Report) last released its earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The firm had revenue of $134.50 million during the quarter, compared to analyst estimates of $138.96 million. On average, research analysts anticipate that TETRA Technologies, Inc. will post 0.15 earnings per share for the current year.

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.