UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 141,869 Shares of TETRA Technologies, Inc. (NYSE:TTI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of TETRA Technologies, Inc. (NYSE:TTI) by 36.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 245,980 shares of the oil and gas company’s stock after selling 141,869 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.19% of TETRA Technologies worth $763,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Balboa Wealth Partners bought a new position in shares of TETRA Technologies during the 3rd quarter valued at approximately $33,000. Townsquare Capital LLC bought a new position in TETRA Technologies during the third quarter valued at $36,000. Point72 DIFC Ltd grew its holdings in TETRA Technologies by 82.0% during the second quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 5,966 shares during the period. nVerses Capital LLC bought a new stake in shares of TETRA Technologies in the second quarter valued at $53,000. Finally, US Bancorp DE lifted its position in shares of TETRA Technologies by 2,038.0% during the 3rd quarter. US Bancorp DE now owns 17,703 shares of the oil and gas company’s stock valued at $55,000 after buying an additional 16,875 shares during the last quarter. Hedge funds and other institutional investors own 70.19% of the company’s stock.

TETRA Technologies Trading Down 2.8 %

Shares of TTI opened at $3.44 on Friday. TETRA Technologies, Inc. has a twelve month low of $2.68 and a twelve month high of $5.08. The stock has a market cap of $453.43 million, a PE ratio of 172.09 and a beta of 2.10. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. The business’s 50-day moving average price is $3.60 and its 200-day moving average price is $3.39.

TETRA Technologies (NYSE:TTI) last posted its earnings results on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $141.70 million for the quarter, compared to analysts’ expectations of $156.43 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 EPS. On average, equities analysts forecast that TETRA Technologies, Inc. will post 0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TTI shares. EF Hutton Acquisition Co. I upgraded TETRA Technologies to a “strong-buy” rating in a research note on Monday, October 21st. StockNews.com raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, D. Boral Capital reaffirmed a “buy” rating and issued a $5.50 price objective on shares of TETRA Technologies in a report on Tuesday. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $6.50.

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.