TETRA Technologies, Inc. (NYSE:TTI) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC boosted its stake in TETRA Technologies, Inc. (NYSE:TTI) by 126.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 289,235 shares of the oil and gas company’s stock after acquiring an additional 161,653 shares during the quarter. AQR Capital Management LLC owned 0.22% of TETRA Technologies worth $1,001,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Spouting Rock Asset Management LLC grew its holdings in shares of TETRA Technologies by 10.3% during the 4th quarter. Spouting Rock Asset Management LLC now owns 30,943 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 2,897 shares during the period. Quadrature Capital Ltd increased its position in shares of TETRA Technologies by 35.3% during the fourth quarter. Quadrature Capital Ltd now owns 99,146 shares of the oil and gas company’s stock worth $449,000 after purchasing an additional 25,861 shares in the last quarter. Diversified Trust Co increased its holdings in shares of TETRA Technologies by 122.4% in the 1st quarter. Diversified Trust Co now owns 35,515 shares of the oil and gas company’s stock valued at $157,000 after acquiring an additional 19,543 shares during the period. Saxon Interests Inc. purchased a new position in TETRA Technologies during the 1st quarter worth $177,000. Finally, Norden Group LLC acquired a new position in TETRA Technologies in the 1st quarter valued at about $83,000. 70.19% of the stock is owned by hedge funds and other institutional investors.

TETRA Technologies Stock Up 0.3 %

Shares of NYSE TTI opened at $3.45 on Friday. The firm has a market cap of $452.43 million, a P/E ratio of 21.56 and a beta of 2.04. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.72 and a current ratio of 2.41. TETRA Technologies, Inc. has a 1 year low of $2.68 and a 1 year high of $6.77. The firm’s 50 day moving average price is $3.10 and its 200 day moving average price is $3.61.

TETRA Technologies (NYSE:TTI) last released its earnings results on Wednesday, July 31st. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). The company had revenue of $171.94 million during the quarter, compared to analyst estimates of $180.66 million. TETRA Technologies had a return on equity of 18.84% and a net margin of 1.61%. As a group, sell-side analysts anticipate that TETRA Technologies, Inc. will post 0.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut TETRA Technologies from a “hold” rating to a “sell” rating in a report on Tuesday.

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.