SG Americas Securities LLC Sells 3,212 Shares of TETRA Technologies, Inc. (NYSE:TTI)

SG Americas Securities LLC lessened its holdings in shares of TETRA Technologies, Inc. (NYSE:TTI) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,413 shares of the oil and gas company’s stock after selling 3,212 shares during the quarter. SG Americas Securities LLC’s holdings in TETRA Technologies were worth $231,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. bought a new stake in TETRA Technologies in the 3rd quarter valued at $2,546,000. Stanley Laman Group Ltd. grew its stake in shares of TETRA Technologies by 57.9% during the third quarter. Stanley Laman Group Ltd. now owns 1,401,932 shares of the oil and gas company’s stock worth $4,346,000 after buying an additional 514,054 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of TETRA Technologies by 233.2% during the third quarter. JPMorgan Chase & Co. now owns 510,705 shares of the oil and gas company’s stock valued at $1,583,000 after purchasing an additional 357,455 shares in the last quarter. Pullen Investment Management LLC acquired a new position in TETRA Technologies in the 3rd quarter valued at approximately $766,000. Finally, Stifel Financial Corp grew its position 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 valued at $671,000 after buying an additional 189,484 shares during the last quarter. 70.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TTI shares. EF Hutton Acquisition Co. I raised TETRA Technologies to a “strong-buy” rating in a research note on Monday, October 21st. D. Boral Capital reiterated a “buy” rating and set a $5.50 price target on shares of TETRA Technologies in a report on Wednesday, January 8th. Finally, StockNews.com raised TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $6.50.

TETRA Technologies Price Performance

Shares of NYSE:TTI opened at $4.29 on Friday. The company has a 50-day moving average price of $3.99 and a two-hundred day moving average price of $3.55. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. TETRA Technologies, Inc. has a twelve month low of $2.68 and a twelve month high of $5.12. The firm has a market capitalization of $564.81 million, a PE ratio of 214.36 and a beta of 2.04.

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.