American Century Companies Inc. Buys 462,213 Shares of TETRA Technologies, Inc. (NYSE:TTI)

American Century Companies Inc. lifted its position in TETRA Technologies, Inc. (NYSE:TTI) by 36.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,734,653 shares of the oil and gas company’s stock after purchasing an additional 462,213 shares during the quarter. American Century Companies Inc. owned 1.32% of TETRA Technologies worth $6,210,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. acquired a new position in TETRA Technologies in the third quarter valued at about $2,546,000. JPMorgan Chase & Co. boosted its holdings in shares of TETRA Technologies by 233.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 510,705 shares of the oil and gas company’s stock worth $1,583,000 after acquiring an additional 357,455 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of TETRA Technologies by 703.0% in the 3rd quarter. Stifel Financial Corp now owns 216,439 shares of the oil and gas company’s stock worth $671,000 after acquiring an additional 189,484 shares in the last quarter. Barclays PLC grew its position in TETRA Technologies by 369.6% during the 3rd quarter. Barclays PLC now owns 209,873 shares of the oil and gas company’s stock worth $650,000 after acquiring an additional 165,184 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in TETRA Technologies during the 4th quarter valued at $521,000. Institutional investors and hedge funds own 70.19% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, D. Boral Capital restated a “buy” rating and set a $5.50 target price on shares of TETRA Technologies in a report on Wednesday, March 26th.

TETRA Technologies Price Performance

Shares of TTI stock opened at $2.51 on Friday. TETRA Technologies, Inc. has a 1 year low of $2.40 and a 1 year high of $5.12. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16. The firm’s 50 day moving average is $3.82 and its 200-day moving average is $3.70. The firm has a market capitalization of $331.65 million, a price-to-earnings ratio of 125.31 and a beta of 2.04.

TETRA Technologies (NYSE:TTI) last posted its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $134.50 million during 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%. Sell-side analysts forecast that TETRA Technologies, Inc. will post 0.15 EPS for the current fiscal year.

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.