SG Americas Securities LLC Takes $210,000 Position in TETRA Technologies, Inc. (NYSE:TTI)

SG Americas Securities LLC acquired a new stake in TETRA Technologies, Inc. (NYSE:TTI) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 67,625 shares of the oil and gas company’s stock, valued at approximately $210,000. SG Americas Securities LLC owned about 0.05% of TETRA Technologies as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of TETRA Technologies by 1.2% in the first quarter. Vanguard Group Inc. now owns 7,609,375 shares of the oil and gas company’s stock valued at $33,710,000 after purchasing an additional 89,099 shares during the last quarter. Gendell Jeffrey L raised its holdings in shares of TETRA Technologies by 5.5% in the first quarter. Gendell Jeffrey L now owns 4,811,224 shares of the oil and gas company’s stock valued at $21,314,000 after purchasing an additional 252,632 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of TETRA Technologies by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,129,181 shares of the oil and gas company’s stock valued at $10,827,000 after purchasing an additional 96,898 shares during the last quarter. Huber Capital Management LLC raised its holdings in shares of TETRA Technologies by 5.1% in the second quarter. Huber Capital Management LLC now owns 1,945,586 shares of the oil and gas company’s stock valued at $6,732,000 after purchasing an additional 95,096 shares during the last quarter. Finally, Masters Capital Management LLC raised its holdings in shares of TETRA Technologies by 70.0% in the second quarter. Masters Capital Management LLC now owns 1,700,000 shares of the oil and gas company’s stock valued at $5,882,000 after purchasing an additional 700,000 shares during the last quarter. 70.19% of the stock is currently owned by institutional investors and hedge funds.

TETRA Technologies Price Performance

Shares of TTI opened at $3.02 on Wednesday. The company has a market cap of $396.98 million, a price-to-earnings ratio of 37.75 and a beta of 2.04. TETRA Technologies, Inc. has a 1-year low of $2.68 and a 1-year high of $6.16. The company’s fifty day simple moving average is $3.12 and its 200 day simple moving average is $3.53. The company has a current ratio of 2.41, a quick ratio of 1.72 and a debt-to-equity ratio of 1.17.

TETRA Technologies (NYSE:TTI) last released its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). TETRA Technologies had a return on equity of 18.84% and a net margin of 1.61%. The company had revenue of $171.94 million for the quarter, compared to the consensus estimate of $180.66 million. On average, research analysts forecast that TETRA Technologies, Inc. will post 0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TTI. EF Hutton Acquisition Co. I upgraded shares of TETRA Technologies to a “strong-buy” rating in a report on Monday. StockNews.com upgraded shares of TETRA Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $7.00.

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.