Gendell Jeffrey L Has $20.61 Million Stock Holdings in TETRA Technologies, Inc. (NYSE:TTI)

Gendell Jeffrey L lowered its position in TETRA Technologies, Inc. (NYSE:TTIFree Report) by 8.8% during the fourth quarter, Holdings Channel reports. The firm owned 4,558,592 shares of the oil and gas company’s stock after selling 441,408 shares during the period. TETRA Technologies comprises 1.1% of Gendell Jeffrey L’s portfolio, making the stock its 12th largest holding. Gendell Jeffrey L’s holdings in TETRA Technologies were worth $20,605,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTI. Fortitude Family Office LLC purchased a new stake in TETRA Technologies in the fourth quarter valued at approximately $26,000. Quantbot Technologies LP bought a new stake in TETRA Technologies in the third quarter valued at $33,000. Byrne Asset Management LLC boosted its holdings in shares of TETRA Technologies by 36.7% during the 4th quarter. Byrne Asset Management LLC now owns 13,400 shares of the oil and gas company’s stock valued at $63,000 after buying an additional 3,600 shares in the last quarter. AXQ Capital LP bought a new stake in shares of TETRA Technologies during the 3rd quarter valued at $90,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of TETRA Technologies during the 4th quarter valued at $90,000. Institutional investors and hedge funds own 70.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TTI shares. Northland Securities assumed coverage on TETRA Technologies in a research report on Tuesday, February 20th. They issued an “outperform” rating and a $6.00 price target for the company. Benchmark reissued a “buy” rating and set a $8.00 price target on shares of TETRA Technologies in a research report on Tuesday, May 7th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $7.00.

Check Out Our Latest Stock Analysis on TETRA Technologies

TETRA Technologies Price Performance

NYSE TTI traded down $0.11 during mid-day trading on Thursday, hitting $3.37. The stock had a trading volume of 462,836 shares, compared to its average volume of 1,439,048. TETRA Technologies, Inc. has a 52-week low of $2.67 and a 52-week high of $6.77. The company has a 50 day simple moving average of $4.10 and a 200 day simple moving average of $4.22. The company has a quick ratio of 1.64, a current ratio of 2.44 and a debt-to-equity ratio of 1.23. The company has a market cap of $441.94 million, a price-to-earnings ratio of 21.75 and a beta of 2.04.

TETRA Technologies (NYSE:TTIGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The oil and gas company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. TETRA Technologies had a return on equity of 25.42% and a net margin of 3.27%. The company had revenue of $150.97 million during the quarter, compared to the consensus estimate of $151.87 million. Equities analysts forecast that TETRA Technologies, Inc. will post 0.27 EPS for the current fiscal year.

About TETRA Technologies

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding TTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TETRA Technologies, Inc. (NYSE:TTIFree Report).

Institutional Ownership by Quarter for TETRA Technologies (NYSE:TTI)

Receive News & Ratings for TETRA Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TETRA Technologies and related companies with MarketBeat.com's FREE daily email newsletter.