Maven Securities LTD Trims Position in TETRA Technologies, Inc. (NYSE:TTI)

Maven Securities LTD lessened its stake in TETRA Technologies, Inc. (NYSE:TTI) by 72.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 318,439 shares of the oil and gas company’s stock after selling 853,116 shares during the quarter. Maven Securities LTD’s holdings in TETRA Technologies were worth $987,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Balboa Wealth Partners purchased a new position in TETRA Technologies in the 3rd quarter worth about $33,000. Townsquare Capital LLC bought a new position in TETRA Technologies during the 3rd quarter worth about $36,000. Point72 DIFC Ltd grew its holdings in TETRA Technologies by 82.0% during the 2nd quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 5,966 shares in the last quarter. nVerses Capital LLC bought a new position in TETRA Technologies during the 2nd quarter worth about $53,000. Finally, US Bancorp DE grew its holdings in 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 worth $55,000 after acquiring an additional 16,875 shares in the last quarter. Hedge funds and other institutional investors own 70.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TTI shares. EF Hutton Acquisition Co. I upgraded shares of TETRA Technologies to a “strong-buy” rating in a report on Monday, October 21st. StockNews.com upgraded shares of TETRA Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th.

TETRA Technologies Stock Down 3.9 %

NYSE:TTI opened at $3.74 on Thursday. TETRA Technologies, Inc. has a fifty-two week low of $2.68 and a fifty-two week high of $5.08. The stock has a market capitalization of $492.97 million, a P/E ratio of 187.09 and a beta of 2.10. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33. The company’s 50-day simple moving average is $3.50 and its 200-day simple moving average is $3.39.

TETRA Technologies (NYSE:TTI) last released its earnings results on Tuesday, October 29th. The oil and gas company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The company had revenue of $141.70 million during 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%. TETRA Technologies’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period last year, the business earned $0.07 EPS. On average, equities analysts anticipate that TETRA Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

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.