Victory Capital Management Inc. Has $46,000 Holdings in TETRA Technologies, Inc. (NYSE:TTI)

Victory Capital Management Inc. reduced its holdings in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 95.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,952 shares of the oil and gas company's stock after selling 339,447 shares during the quarter. Victory Capital Management Inc.'s holdings in TETRA Technologies were worth $46,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. US Bancorp DE lifted its holdings in shares of 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 last quarter. Pullen Investment Management LLC purchased a new stake in TETRA Technologies during the third quarter valued at about $766,000. Stanley Laman Group Ltd. boosted its holdings in shares of TETRA Technologies by 57.9% in the third quarter. Stanley Laman Group Ltd. now owns 1,401,932 shares of the oil and gas company's stock worth $4,346,000 after buying an additional 514,054 shares during the period. Wedge Capital Management L L P NC boosted its holdings in shares of TETRA Technologies by 6.9% in the third quarter. Wedge Capital Management L L P NC now owns 297,324 shares of the oil and gas company's stock worth $922,000 after buying an additional 19,109 shares during the period. Finally, Inspire Investing LLC increased its position in shares of TETRA Technologies by 30.0% in the third quarter. Inspire Investing LLC now owns 134,046 shares of the oil and gas company's stock worth $416,000 after acquiring an additional 30,964 shares in the last quarter. 70.19% of the stock is owned by institutional investors and hedge funds.

TETRA Technologies Stock Up 0.4 %

TTI traded up $0.02 during trading on Monday, reaching $3.87. 764,254 shares of the stock traded hands, compared to its average volume of 1,306,089. The stock's 50-day simple moving average is $3.47 and its two-hundred day simple moving average is $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, Inc. has a fifty-two week low of $2.68 and a fifty-two week high of $5.08. The stock has a market cap of $509.45 million, a price-to-earnings ratio of 193.35 and a beta of 2.04.

TETRA Technologies (NYSE:TTI - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $0.03 EPS for the quarter, hitting analysts' consensus estimates of $0.03. The firm had revenue of $141.70 million for the quarter, compared to the consensus estimate of $156.43 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The firm's revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 earnings per share. As a group, equities research analysts expect that TETRA Technologies, Inc. will post 0.15 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on TTI. StockNews.com raised shares of TETRA Technologies from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. EF Hutton Acquisition Co. I raised TETRA Technologies to a "strong-buy" rating in a research report on Monday, October 21st.

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.