Maven Securities LTD Has $987,000 Stock Position in TETRA Technologies, Inc. (NYSE:TTI)

Maven Securities LTD lowered its stake in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 72.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 318,439 shares of the oil and gas company's stock after selling 853,116 shares during the quarter. Maven Securities LTD owned about 0.24% of TETRA Technologies worth $987,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Jacobs Levy Equity Management Inc. bought a new stake in TETRA Technologies in the 3rd quarter valued at $2,546,000. HITE Hedge Asset Management LLC lifted its holdings in shares of TETRA Technologies by 0.3% in the third quarter. HITE Hedge Asset Management LLC now owns 1,266,869 shares of the oil and gas company's stock valued at $3,927,000 after purchasing an additional 4,393 shares in the last quarter. Centiva Capital LP acquired a new position in shares of TETRA Technologies during the third quarter worth about $234,000. Walleye Capital LLC bought a new position in shares of TETRA Technologies during the third quarter worth about $418,000. Finally, Townsquare Capital LLC bought a new position in shares of TETRA Technologies during the third quarter worth about $36,000. Institutional investors and hedge funds own 70.19% of the company's stock.

Wall Street Analyst Weigh In

TTI has been the subject of several research reports. EF Hutton Acquisition Co. I raised shares of TETRA Technologies to a "strong-buy" rating in a research note on Monday, October 21st. StockNews.com upgraded shares of TETRA Technologies from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th.

TETRA Technologies Stock Up 2.7 %

TTI stock traded up $0.10 during mid-day trading on Thursday, reaching $3.84. The company had a trading volume of 715,885 shares, compared to its average volume of 1,297,325. The company has a market capitalization of $506.15 million, a price-to-earnings ratio of 192.10 and a beta of 2.10. TETRA Technologies, Inc. has a 52 week low of $2.68 and a 52 week high of $5.08. The stock has a 50 day simple moving average of $3.52 and a two-hundred day simple moving average of $3.39. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51.

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