Sei Investments Co. Purchases 11,349 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Sei Investments Co. increased its position in TETRA Technologies, Inc. (NYSE:TTI) by 25.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,231 shares of the oil and gas company’s stock after acquiring an additional 11,349 shares during the quarter. Sei Investments Co.’s holdings in TETRA Technologies were worth $195,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TTI. Spouting Rock Asset Management LLC raised its holdings in TETRA Technologies by 10.3% in the 4th quarter. Spouting Rock Asset Management LLC now owns 30,943 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 2,897 shares during the period. Quadrature Capital Ltd increased its holdings in shares of TETRA Technologies by 35.3% during the 4th quarter. Quadrature Capital Ltd now owns 99,146 shares of the oil and gas company’s stock worth $449,000 after purchasing an additional 25,861 shares during the period. Diversified Trust Co boosted its position in shares of TETRA Technologies by 122.4% during the 1st quarter. Diversified Trust Co now owns 35,515 shares of the oil and gas company’s stock valued at $157,000 after acquiring an additional 19,543 shares in the last quarter. Saxon Interests Inc. acquired a new stake in shares of TETRA Technologies during the 1st quarter valued at about $177,000. Finally, Norden Group LLC acquired a new stake in shares of TETRA Technologies during the 1st quarter valued at about $83,000. Institutional investors own 70.19% of the company’s stock.

TETRA Technologies Trading Up 0.3 %

TTI opened at $3.45 on Friday. The firm has a 50 day simple moving average of $3.10 and a 200 day simple moving average of $3.61. TETRA Technologies, Inc. has a fifty-two week low of $2.68 and a fifty-two week high of $6.77. The company has a market cap of $452.43 million, a price-to-earnings ratio of 21.56 and a beta of 2.04. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.41 and a quick ratio of 1.72.

TETRA Technologies (NYSE:TTI) last posted its earnings results on Wednesday, July 31st. The oil and gas company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.03). The firm had revenue of $171.94 million during the quarter, compared to analyst estimates of $180.66 million. TETRA Technologies had a return on equity of 18.84% and a net margin of 1.61%. On average, sell-side analysts anticipate that TETRA Technologies, Inc. will post 0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of TETRA Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday.

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.