UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Position in TETRA Technologies, Inc. (NYSE:TTI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in TETRA Technologies, Inc. (NYSE:TTI) by 36.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 245,980 shares of the oil and gas company’s stock after selling 141,869 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in TETRA Technologies were worth $763,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Balboa Wealth Partners bought a new position in shares of TETRA Technologies during the 3rd quarter valued at about $33,000. Townsquare Capital LLC bought a new position in TETRA Technologies during the third quarter valued at approximately $36,000. Point72 DIFC Ltd raised its stake in shares of TETRA Technologies by 82.0% during the second 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 stake in shares of TETRA Technologies in the 2nd quarter worth approximately $53,000. Finally, US Bancorp DE boosted its stake in shares of TETRA Technologies by 2,038.0% in the 3rd quarter. US Bancorp DE now owns 17,703 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 16,875 shares in the last quarter. Institutional investors own 70.19% of the company’s stock.

TETRA Technologies Stock Performance

Shares of NYSE:TTI opened at $3.44 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16. The company has a 50-day moving average price of $3.60 and a 200-day moving average price of $3.39. The company has a market cap of $453.43 million, a price-to-earnings ratio of 172.09 and a beta of 2.10. TETRA Technologies, Inc. has a 12 month low of $2.68 and a 12 month high of $5.08.

TETRA Technologies (NYSE:TTI) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The business had revenue of $141.70 million during the quarter, compared to analysts’ expectations of $156.43 million. During the same quarter last year, the business posted $0.07 EPS. The business’s revenue was down 6.5% on a year-over-year basis. As a group, equities analysts anticipate that TETRA Technologies, Inc. will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TTI. StockNews.com raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. EF Hutton Acquisition Co. I upgraded TETRA Technologies to a “strong-buy” rating in a report on Monday, October 21st. Finally, D. Boral Capital reaffirmed a “buy” rating and issued a $5.50 price target on shares of TETRA Technologies in a research note on Tuesday. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $6.50.

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.