Thompson Siegel & Walmsley LLC Sells 243,180 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Thompson Siegel & Walmsley LLC decreased its stake in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 89.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,674 shares of the oil and gas company's stock after selling 243,180 shares during the period. Thompson Siegel & Walmsley LLC's holdings in TETRA Technologies were worth $106,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TTI. KLCM Advisors Inc. acquired a new stake in TETRA Technologies during the fourth quarter worth approximately $36,000. Balboa Wealth Partners acquired a new stake in TETRA Technologies during the third quarter worth approximately $33,000. HighTower Advisors LLC acquired a new stake in TETRA Technologies during the fourth quarter worth approximately $39,000. Townsquare Capital LLC acquired a new stake in shares of TETRA Technologies in the third quarter valued at approximately $36,000. Finally, M&T Bank Corp acquired a new stake in shares of TETRA Technologies in the fourth quarter valued at approximately $53,000. Institutional investors own 70.19% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, D. Boral Capital reissued a "buy" rating and issued a $5.50 price objective on shares of TETRA Technologies in a research note on Thursday, February 27th.

TETRA Technologies Price Performance

Shares of NYSE TTI traded up $0.06 during midday trading on Wednesday, reaching $3.42. 733,943 shares of the company were exchanged, compared to its average volume of 1,167,636. The stock's 50-day moving average price is $4.11 and its 200-day moving average price is $3.67. The stock has a market cap of $452.13 million, a P/E ratio of 170.84 and a beta of 2.04. TETRA Technologies, Inc. has a one year low of $2.68 and a one year high of $5.12. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16.

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TETRA Technologies (NYSE:TTI - Get Free Report) last posted its earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share for the quarter, hitting analysts' consensus estimates of $0.03. The firm had revenue of $134.50 million for the quarter, compared to analysts' expectations of $138.96 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. On average, sell-side analysts anticipate that TETRA Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

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.