Icon Advisers Inc. Co. Acquires Shares of 664,000 TETRA Technologies, Inc. (NYSE:TTI)

Icon Advisers Inc. Co. acquired a new position in TETRA Technologies, Inc. (NYSE:TTI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 664,000 shares of the oil and gas company's stock, valued at approximately $2,377,000. Icon Advisers Inc. Co. owned 0.50% of TETRA Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Mariner LLC boosted its position in shares of TETRA Technologies by 160.0% in the fourth quarter. Mariner LLC now owns 163,470 shares of the oil and gas company's stock valued at $585,000 after acquiring an additional 100,596 shares during the period. Barclays PLC grew its position in TETRA Technologies by 8.4% in the fourth quarter. Barclays PLC now owns 227,562 shares of the oil and gas company's stock valued at $814,000 after acquiring an additional 17,689 shares during the period. WealthTrust Axiom LLC lifted its holdings in TETRA Technologies by 4.0% during the 4th quarter. WealthTrust Axiom LLC now owns 1,697,050 shares of the oil and gas company's stock valued at $6,075,000 after purchasing an additional 64,824 shares during the last quarter. Raymond James Financial Inc. acquired a new position in TETRA Technologies in the fourth quarter worth $521,000. Finally, Invesco Ltd. grew its stake in shares of TETRA Technologies by 7.0% during the fourth quarter. Invesco Ltd. now owns 629,273 shares of the oil and gas company's stock valued at $2,253,000 after purchasing an additional 41,276 shares during the last quarter. Institutional investors and hedge funds own 70.19% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Stifel Nicolaus decreased their target price on TETRA Technologies from $7.00 to $6.50 and set a "buy" rating for the company in a research report on Tuesday. D. Boral Capital reissued a "buy" rating and issued a $5.50 price target on shares of TETRA Technologies in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $6.67.

TETRA Technologies Stock Performance

NYSE TTI traded up $0.09 on Friday, reaching $2.49. The stock had a trading volume of 1,212,042 shares, compared to its average volume of 1,207,289. 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 has a market cap of $329.00 million, a P/E ratio of 124.31 and a beta of 1.54. The firm has a fifty day moving average of $3.34 and a two-hundred day moving average of $3.64. TETRA Technologies, Inc. has a 1-year low of $2.03 and a 1-year high of $5.12.

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

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.