WealthTrust Axiom LLC boosted its position in shares of Tetra Technologies Inc. (NYSE:TTI) by 0.9% during the second quarter, Holdings Channel reports. The institutional investor owned 227,458 shares of the company’s stock after buying an additional 2,100 shares during the period. WealthTrust Axiom LLC’s holdings in Tetra Technologies were worth $1,448,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC boosted its position in shares of Tetra Technologies by 539,679.2% in the first quarter. Barclays PLC now owns 259,094 shares of the company’s stock worth $1,555,000 after buying an additional 259,046 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in shares of Tetra Technologies by 24.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 74,376 shares of the company’s stock worth $472,000 after buying an additional 14,476 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Tetra Technologies during the first quarter worth about $740,000. HBK Investments L P boosted its position in shares of Tetra Technologies by 1.2% in the first quarter. HBK Investments L P now owns 377,436 shares of the company’s stock worth $2,397,000 after buying an additional 4,636 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Tetra Technologies by 2.3% in the first quarter. Wellington Management Group LLP now owns 59,765 shares of the company’s stock worth $379,000 after buying an additional 1,322 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of Tetra Technologies Inc. (NYSE:TTI) traded up 1.23% during mid-day trading on Thursday, reaching $5.75. 757,593 shares of the company’s stock traded hands. The firm’s market capitalization is $533.05 million. The stock has a 50-day moving average price of $6.13 and a 200 day moving average price of $6.16. Tetra Technologies Inc. has a 12-month low of $4.62 and a 12-month high of $9.44.

Tetra Technologies (NYSE:TTI) last announced its earnings results on Monday, August 8th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.03. The firm had revenue of $175.66 million for the quarter, compared to analysts’ expectations of $188.42 million. Tetra Technologies had a negative net margin of 27.71% and a negative return on equity of 3.33%. The business’s revenue was down 44.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 EPS. Analysts anticipate that Tetra Technologies Inc. will post ($0.48) EPS for the current fiscal year.

A number of research analysts have recently issued reports on TTI shares. Zacks Investment Research raised Tetra Technologies from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Wednesday, August 10th. JPMorgan Chase & Co. set a $8.00 target price on Tetra Technologies and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Credit Suisse Group AG set a $8.00 target price on Tetra Technologies and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Finally, Wunderlich cut their target price on Tetra Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, June 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $8.26.

In other news, VP Peter J. Pintar sold 20,545 shares of the company’s stock in a transaction dated Wednesday, June 29th. The shares were sold at an average price of $5.90, for a total transaction of $121,215.50. Following the sale, the vice president now directly owns 324,179 shares in the company, valued at approximately $1,912,656.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Bass C. Wallace, Jr. sold 10,300 shares of the company’s stock in a transaction dated Tuesday, June 28th. The shares were sold at an average price of $5.86, for a total transaction of $60,358.00. Following the transaction, the vice president now owns 131,373 shares in the company, valued at $769,845.78. The disclosure for this sale can be found here. Insiders own 4.45% of the company’s stock.

About Tetra Technologies

TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.

5 Day Chart for NYSE:TTI

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