Legato Capital Management LLC Sells 69,951 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Legato Capital Management LLC trimmed its position in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 23.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,501 shares of the oil and gas company's stock after selling 69,951 shares during the period. Legato Capital Management LLC owned approximately 0.17% of TETRA Technologies worth $811,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Balboa Wealth Partners bought a new stake in TETRA Technologies in the third quarter valued at approximately $33,000. Townsquare Capital LLC bought a new stake in shares of TETRA Technologies in the 3rd quarter valued at $36,000. US Bancorp DE increased its position in shares of TETRA Technologies by 2,038.0% in the 3rd quarter. US Bancorp DE now owns 17,703 shares of the oil and gas company's stock valued at $55,000 after buying an additional 16,875 shares in the last quarter. FMR LLC raised its stake in TETRA Technologies by 75.0% during the 3rd 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 during the period. Finally, Intech Investment Management LLC bought a new position in TETRA Technologies during the third quarter worth about $118,000. Institutional investors own 70.19% of the company's stock.

TETRA Technologies Stock Down 1.0 %

Shares of NYSE:TTI traded down $0.05 during mid-day trading on Monday, reaching $4.44. 686,732 shares of the stock were exchanged, compared to its average volume of 1,354,024. The stock's 50 day simple moving average is $4.07 and its 200-day simple moving average is $3.59. TETRA Technologies, Inc. has a one year low of $2.68 and a one year high of $5.12. The company has a market cap of $584.58 million, a P/E ratio of 221.86 and a beta of 2.04. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TTI. D. Boral Capital reaffirmed a "buy" rating and set a $5.50 price target on shares of TETRA Technologies in a research report on Wednesday, January 8th. EF Hutton Acquisition Co. I raised shares of TETRA Technologies to a "strong-buy" rating in a research note on Monday, October 21st. Finally, StockNews.com raised shares of TETRA Technologies from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $6.50.

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.