Rhumbline Advisers Sells 6,825 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Rhumbline Advisers decreased its holdings in shares of TETRA Technologies, Inc. (NYSE:TTI) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 243,507 shares of the oil and gas company’s stock after selling 6,825 shares during the quarter. Rhumbline Advisers’ holdings in TETRA Technologies were worth $843,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TTI. Gendell Jeffrey L lifted its position in shares of TETRA Technologies by 5.5% in the 1st quarter. Gendell Jeffrey L now owns 4,811,224 shares of the oil and gas company’s stock worth $21,314,000 after acquiring an additional 252,632 shares during the period. Foundry Partners LLC lifted its position in shares of TETRA Technologies by 37.9% in the 1st quarter. Foundry Partners LLC now owns 804,350 shares of the oil and gas company’s stock worth $3,563,000 after acquiring an additional 221,005 shares during the period. BNP Paribas Financial Markets lifted its position in shares of TETRA Technologies by 168.1% in the 1st quarter. BNP Paribas Financial Markets now owns 250,888 shares of the oil and gas company’s stock worth $1,111,000 after acquiring an additional 157,295 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in shares of TETRA Technologies by 1,071.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 125,386 shares of the oil and gas company’s stock worth $554,000 after acquiring an additional 114,683 shares during the period. Finally, Stanley Laman Group Ltd. lifted its position in shares of TETRA Technologies by 14.1% in the 2nd quarter. Stanley Laman Group Ltd. now owns 887,878 shares of the oil and gas company’s stock worth $3,072,000 after acquiring an additional 109,509 shares during the period. Institutional investors own 70.19% of the company’s stock.

TETRA Technologies Trading Up 2.0 %

Shares of TTI opened at $3.09 on Tuesday. TETRA Technologies, Inc. has a 1 year low of $2.68 and a 1 year high of $6.77. The company has a current ratio of 2.41, a quick ratio of 1.72 and a debt-to-equity ratio of 1.17. The stock has a 50 day simple moving average of $3.22 and a 200-day simple moving average of $3.70. The stock has a market cap of $405.22 million, a PE ratio of 19.31 and a beta of 2.05.

TETRA Technologies (NYSE:TTI) last issued its earnings results on Wednesday, July 31st. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). TETRA Technologies had a return on equity of 18.84% and a net margin of 1.61%. The company had revenue of $171.94 million during the quarter, compared to analyst estimates of $180.66 million. On average, sell-side analysts predict that TETRA Technologies, Inc. will post 0.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Friday, August 9th.

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.