TETRA Technologies, Inc. (NYSE:TTI) Stock Holdings Reduced by Maven Securities LTD

Maven Securities LTD cut its holdings in TETRA Technologies, Inc. (NYSE:TTI) by 59.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,171,555 shares of the oil and gas company’s stock after selling 1,750,000 shares during the quarter. Maven Securities LTD owned about 0.89% of TETRA Technologies worth $4,054,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its holdings in shares of TETRA Technologies by 168.1% during the 1st quarter. BNP Paribas Financial Markets now owns 250,888 shares of the oil and gas company’s stock valued at $1,111,000 after acquiring an additional 157,295 shares during the last quarter. American Century Companies Inc. grew its holdings in TETRA Technologies by 153.8% during the second quarter. American Century Companies Inc. now owns 883,431 shares of the oil and gas company’s stock valued at $3,057,000 after purchasing an additional 535,413 shares during the last quarter. HITE Hedge Asset Management LLC acquired a new position in TETRA Technologies during the second quarter valued at approximately $4,368,000. Norden Group LLC bought a new position in shares of TETRA Technologies in the first quarter valued at approximately $83,000. Finally, Foundry Partners LLC lifted its stake in shares of TETRA Technologies by 37.9% in the first quarter. Foundry Partners LLC now owns 804,350 shares of the oil and gas company’s stock worth $3,563,000 after buying an additional 221,005 shares during the last quarter. 70.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

TETRA Technologies Stock Performance

TTI opened at $3.17 on Wednesday. The company has a quick ratio of 1.72, a current ratio of 2.41 and a debt-to-equity ratio of 1.17. The stock’s 50 day moving average price is $3.14 and its two-hundred day moving average price is $3.65. The firm has a market capitalization of $416.70 million, a P/E ratio of 19.81 and a beta of 2.05. TETRA Technologies, Inc. has a 12-month low of $2.68 and a 12-month high of $6.77.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings data 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%. On average, equities analysts forecast that TETRA Technologies, Inc. will post 0.19 earnings per share for the current 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.