Cinctive Capital Management LP Acquires 218,059 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Cinctive Capital Management LP grew its position in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 109.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 418,059 shares of the oil and gas company's stock after purchasing an additional 218,059 shares during the period. Cinctive Capital Management LP owned approximately 0.32% of TETRA Technologies worth $1,497,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TTI. Stoneridge Investment Partners LLC boosted its position in shares of TETRA Technologies by 23.1% during the 4th quarter. Stoneridge Investment Partners LLC now owns 35,674 shares of the oil and gas company's stock valued at $128,000 after purchasing an additional 6,684 shares in the last quarter. FMR LLC boosted its holdings in TETRA Technologies by 75.0% during the third quarter. FMR LLC now owns 18,858 shares of the oil and gas company's stock worth $58,000 after buying an additional 8,084 shares in the last quarter. Boston Partners grew its position in TETRA Technologies by 2.6% in the fourth quarter. Boston Partners now owns 352,384 shares of the oil and gas company's stock worth $1,262,000 after buying an additional 8,873 shares during the last quarter. KLCM Advisors Inc. bought a new position in shares of TETRA Technologies in the fourth quarter valued at $36,000. Finally, HighTower Advisors LLC acquired a new stake in shares of TETRA Technologies during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 70.19% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, D. Boral Capital restated a "buy" rating and issued a $5.50 target price on shares of TETRA Technologies in a report on Wednesday, March 26th.

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TETRA Technologies Trading Up 11.7 %

Shares of NYSE TTI traded up $0.25 during midday trading on Wednesday, hitting $2.38. The stock had a trading volume of 3,651,100 shares, compared to its average volume of 1,198,227. The firm has a market cap of $315.10 million, a P/E ratio of 119.06 and a beta of 1.54. TETRA Technologies, Inc. has a fifty-two week low of $2.03 and a fifty-two week high of $5.12. 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 company's 50-day simple moving average is $3.62 and its 200 day simple moving average is $3.68.

TETRA Technologies (NYSE:TTI - Get Free Report) last announced its quarterly 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. The company had revenue of $134.50 million during the quarter, compared to analyst estimates of $138.96 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. Research analysts anticipate that TETRA Technologies, Inc. will post 0.15 EPS 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.