Emerald Advisers LLC Decreases Stake in TETRA Technologies, Inc. (NYSE:TTI)

Emerald Advisers LLC cut its stake in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 27.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 230,250 shares of the oil and gas company's stock after selling 86,859 shares during the quarter. Emerald Advisers LLC owned about 0.17% of TETRA Technologies worth $824,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. KLCM Advisors Inc. acquired a new position in TETRA Technologies during the fourth quarter valued at $36,000. HighTower Advisors LLC acquired a new position in TETRA Technologies in the 4th quarter worth about $39,000. Townsquare Capital LLC purchased a new position in TETRA Technologies during the third quarter worth approximately $36,000. Cibc World Markets Corp acquired a new stake in TETRA Technologies in the fourth quarter valued at approximately $42,000. Finally, M&T Bank Corp purchased a new stake in shares of TETRA Technologies in the fourth quarter valued at approximately $53,000. 70.19% of the stock is owned by institutional investors and hedge funds.

TETRA Technologies Price Performance

Shares of TTI traded down $0.15 during mid-day trading on Friday, hitting $3.61. 1,322,215 shares of the company were exchanged, compared to its average volume of 1,180,260. The stock has a market cap of $477.28 million, a price-to-earnings ratio of 180.34 and a beta of 2.04. TETRA Technologies, Inc. has a 1-year low of $2.68 and a 1-year high of $5.12. The company has a 50 day moving average of $3.98 and a 200-day moving average of $3.69. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33.

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TETRA Technologies (NYSE:TTI - Get Free Report) last announced its earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 EPS for the quarter, meeting analysts' consensus estimates of $0.03. The business had revenue of $134.50 million during the quarter, compared to analysts' expectations of $138.96 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. Analysts expect that TETRA Technologies, Inc. will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, D. Boral Capital reiterated a "buy" rating and set a $5.50 target price on shares of TETRA Technologies in a research report on Wednesday.

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.