Stevens Capital Management LP Has $175,000 Holdings in Tetra Technologies, Inc. (TTI)
Stevens Capital Management LP trimmed its holdings in shares of Tetra Technologies, Inc. (NYSE:TTI) by 4.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 62,830 shares of the oil and gas company’s stock after selling 2,930 shares during the period. Stevens Capital Management LP owned approximately 0.05% of Tetra Technologies worth $175,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan grew its stake in shares of Tetra Technologies by 23.7% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 26,270 shares of the oil and gas company’s stock worth $107,000 after buying an additional 5,030 shares during the last quarter. Mason Street Advisors LLC raised its stake in Tetra Technologies by 7.8% during the first quarter. Mason Street Advisors LLC now owns 27,039 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 1,961 shares during the last quarter. Hartford Investment Management Co. purchased a new position in Tetra Technologies during the second quarter valued at $118,000. Karp Capital Management Corp purchased a new position in Tetra Technologies during the first quarter valued at $121,000. Finally, Gotham Asset Management LLC purchased a new position in Tetra Technologies during the first quarter valued at $128,000. Hedge funds and other institutional investors own 91.01% of the company’s stock.
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Shares of Tetra Technologies, Inc. (NYSE TTI) opened at 2.77 on Tuesday. The company’s 50-day moving average is $2.27 and its 200 day moving average is $2.97. Tetra Technologies, Inc. has a 12 month low of $1.85 and a 12 month high of $6.34. The company’s market capitalization is $321.03 million.
Tetra Technologies (NYSE:TTI) last released its quarterly earnings data on Wednesday, August 9th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). The business had revenue of $208.37 million during the quarter, compared to analyst estimates of $204.19 million. Tetra Technologies had a negative return on equity of 9.56% and a negative net margin of 8.27%. The firm’s revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.15) EPS. On average, equities research analysts anticipate that Tetra Technologies, Inc. will post ($0.18) earnings per share for the current year.
A number of equities research analysts have recently commented on TTI shares. Scotiabank set a $4.00 target price on Tetra Technologies and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Tetra Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. ValuEngine cut shares of Tetra Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. BidaskClub lowered shares of Tetra Technologies from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $3.25 price objective on shares of Tetra Technologies in a research note on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $5.33.
Tetra Technologies Company Profile
TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.
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