Emerald Advisers LLC Cuts Stock Position in TETRA Technologies, Inc. (NYSE:TTI)

Emerald Advisers LLC reduced its stake in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 86.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 317,109 shares of the oil and gas company's stock after selling 2,103,193 shares during the period. Emerald Advisers LLC owned about 0.24% of TETRA Technologies worth $983,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Point72 DIFC Ltd boosted its position in TETRA Technologies by 82.0% in the second quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company's stock worth $46,000 after purchasing an additional 5,966 shares during the last quarter. nVerses Capital LLC purchased a new position in TETRA Technologies in the second quarter valued at approximately $53,000. US Bancorp DE grew its holdings in TETRA Technologies by 2,038.0% during the third quarter. US Bancorp DE now owns 17,703 shares of the oil and gas company's stock valued at $55,000 after purchasing an additional 16,875 shares during the period. Principal Financial Group Inc. increased its position in TETRA Technologies by 15.4% in the first quarter. Principal Financial Group Inc. now owns 16,854 shares of the oil and gas company's stock worth $75,000 after buying an additional 2,251 shares during the last quarter. Finally, Norden Group LLC bought a new stake in shares of TETRA Technologies in the first quarter valued at $83,000. 70.19% of the stock is owned by hedge funds and other institutional investors.

TETRA Technologies Stock Performance

Shares of TETRA Technologies stock traded down $0.02 during trading hours on Monday, reaching $3.26. The company had a trading volume of 1,315,962 shares, compared to its average volume of 1,339,497. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.72. TETRA Technologies, Inc. has a one year low of $2.68 and a one year high of $5.08. The firm has a market cap of $429.70 million, a PE ratio of 165.50 and a beta of 2.04. The business has a fifty day simple moving average of $3.13 and a 200 day simple moving average of $3.44.

TETRA Technologies (NYSE:TTI - Get Free Report) last posted its earnings results on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share for the quarter, meeting analysts' consensus estimates of $0.03. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The business had revenue of $141.70 million during the quarter, compared to analyst estimates of $156.43 million. During the same quarter in the previous year, the firm earned $0.07 EPS. The company's quarterly revenue was down 6.5% compared to the same quarter last year. On average, analysts anticipate that TETRA Technologies, Inc. will post 0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TTI shares. EF Hutton Acquisition Co. I upgraded 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 research report on Wednesday, October 30th.

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.