Tetra Technologies, Inc. $TTI Shares Sold by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. decreased its holdings in Tetra Technologies, Inc. (NYSE:TTI) by 11.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,500,000 shares of the oil and gas company’s stock after selling 200,000 shares during the quarter. Tetra Technologies makes up about 2.0% of Icon Advisers Inc. Co.’s investment portfolio, making the stock its 5th largest position. Icon Advisers Inc. Co. owned approximately 1.12% of Tetra Technologies worth $8,625,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. CenterBook Partners LP bought a new stake in shares of Tetra Technologies during the third quarter worth $8,197,000. Acuitas Investments LLC bought a new position in shares of Tetra Technologies in the third quarter valued at about $6,787,000. Marshall Wace LLP bought a new position in shares of Tetra Technologies in the second quarter valued at about $3,613,000. CSM Advisors LLC acquired a new position in Tetra Technologies during the 2nd quarter worth about $3,228,000. Finally, Frontier Capital Management Co. LLC grew its holdings in Tetra Technologies by 26.1% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,837,749 shares of the oil and gas company’s stock worth $9,535,000 after acquiring an additional 586,493 shares during the last quarter. Institutional investors and hedge funds own 70.19% of the company’s stock.

Tetra Technologies Price Performance

Tetra Technologies stock opened at $8.14 on Friday. The business’s 50-day simple moving average is $10.61 and its 200 day simple moving average is $8.10. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 407.00 and a beta of 1.20. Tetra Technologies, Inc. has a 12-month low of $2.03 and a 12-month high of $12.54.

Tetra Technologies (NYSE:TTI) last announced its quarterly earnings data on Wednesday, February 25th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Tetra Technologies had a return on equity of 12.56% and a net margin of 0.48%.The firm had revenue of $146.68 million for the quarter, compared to the consensus estimate of $140.98 million. As a group, research analysts anticipate that Tetra Technologies, Inc. will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on TTI. Weiss Ratings restated a “hold (c+)” rating on shares of Tetra Technologies in a research report on Friday, January 9th. Clear Str lowered shares of Tetra Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. CJS Securities initiated coverage on shares of Tetra Technologies in a research note on Thursday, December 11th. They set an “outperform” rating and a $11.50 price target on the stock. Northland Securities raised their price target on shares of Tetra Technologies from $8.50 to $11.50 and gave the company an “outperform” rating in a report on Wednesday, December 31st. Finally, Stifel Nicolaus boosted their price objective on shares of Tetra Technologies from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.25.

Tetra Technologies Company Profile

Tetra Technologies, Inc (NYSE: TTI) is a provider of specialized products and services to the upstream oil and gas industry. The company operates through two primary segments: Oilfield Services, which offers hydraulic fracturing and wellsite fluid systems, and Chemical Solutions, which manufactures and delivers a broad range of drilling, completion and production chemicals. Tetra’s integrated service model spans the design, blending and on-site delivery of fluids, as well as pumping equipment and related wellsite operations.

Within the Oilfield Services segment, Tetra supplies pressure pumping fleets and associated equipment to support onshore hydraulic fracturing and well placement activities.