Emerald Advisers LLC Trims Stock Position in TETRA Technologies, Inc. (NYSE:TTI)

Emerald Advisers LLC cut its stake in shares of TETRA Technologies, Inc. (NYSE:TTI) by 27.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 230,250 shares of the oil and gas company’s stock after selling 86,859 shares during the period. Emerald Advisers LLC’s holdings in TETRA Technologies were worth $824,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TTI. Townsquare Capital LLC purchased a new stake in TETRA Technologies during the 3rd quarter valued at approximately $36,000. KLCM Advisors Inc. purchased a new position in shares of TETRA Technologies during the 4th quarter worth approximately $36,000. HighTower Advisors LLC purchased a new position in shares of TETRA Technologies during the 4th quarter worth approximately $39,000. Cibc World Markets Corp purchased a new position in shares of TETRA Technologies during the 4th quarter worth approximately $42,000. Finally, M&T Bank Corp purchased a new position in shares of TETRA Technologies during the 4th quarter worth approximately $53,000. 70.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, D. Boral Capital reissued a “buy” rating and set a $5.50 target price on shares of TETRA Technologies in a research note on Thursday, February 27th.

TETRA Technologies Stock Performance

Shares of TTI stock opened at $3.35 on Monday. The company has a market cap of $442.86 million, a price-to-earnings ratio of 167.33 and a beta of 2.04. The stock has a 50 day simple moving average of $4.08 and a 200-day simple moving average of $3.68. TETRA Technologies, Inc. has a 12-month low of $2.68 and a 12-month high of $5.12. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16.

TETRA Technologies (NYSE:TTI) last released its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. The business had revenue of $134.50 million for the quarter, compared to analysts’ expectations of $138.96 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. On average, equities analysts forecast that TETRA Technologies, Inc. will post 0.15 EPS for the current year.

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.