Rhumbline Advisers Has $843,000 Stock Position in TETRA Technologies, Inc. (NYSE:TTI)

Rhumbline Advisers trimmed its holdings in shares of TETRA Technologies, Inc. (NYSE:TTI) by 2.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 243,507 shares of the oil and gas company’s stock after selling 6,825 shares during the period. Rhumbline Advisers owned approximately 0.19% of TETRA Technologies worth $843,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Principal Financial Group Inc. raised its position in TETRA Technologies by 15.4% during the first quarter. Principal Financial Group Inc. now owns 16,854 shares of the oil and gas company’s stock valued at $75,000 after buying an additional 2,251 shares during the period. Spouting Rock Asset Management LLC increased its position in TETRA Technologies by 10.3% in 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 last quarter. Diversified Trust Co increased its position in TETRA Technologies by 12.0% in the 2nd quarter. Diversified Trust Co now owns 39,762 shares of the oil and gas company’s stock worth $138,000 after purchasing an additional 4,247 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in TETRA Technologies by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 102,722 shares of the oil and gas company’s stock worth $456,000 after purchasing an additional 5,265 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in TETRA Technologies by 27.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,812 shares of the oil and gas company’s stock worth $124,000 after purchasing an additional 7,784 shares during the last quarter. 70.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Friday, August 9th.

TETRA Technologies Stock Performance

Shares of TTI stock opened at $3.09 on Tuesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.41 and a quick ratio of 1.72. TETRA Technologies, Inc. has a fifty-two week low of $2.68 and a fifty-two week high of $6.77. The stock’s 50-day moving average is $3.22 and its two-hundred day moving average is $3.70. The firm has a market cap of $405.22 million, a P/E ratio of 19.31 and a beta of 2.05.

TETRA Technologies (NYSE:TTI) last released its quarterly 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 for the quarter, compared to the consensus estimate of $180.66 million. TETRA Technologies had a return on equity of 18.84% and a net margin of 1.61%. Analysts predict that TETRA Technologies, Inc. will post 0.19 earnings per share for the current fiscal year.

TETRA Technologies Company 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.