101,523 Shares in Tetra Technologies, Inc. $TTI Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new position in Tetra Technologies, Inc. (NYSE:TTI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 101,523 shares of the oil and gas company’s stock, valued at approximately $951,000.

A number of other hedge funds also recently bought and sold shares of the company. State of Wyoming boosted its stake in Tetra Technologies by 23.3% in the 4th quarter. State of Wyoming now owns 9,703 shares of the oil and gas company’s stock worth $91,000 after purchasing an additional 1,834 shares in the last quarter. CIBC Asset Management Inc purchased a new position in Tetra Technologies in the 4th quarter worth about $97,000. Goldman Sachs Group Inc. increased its position in Tetra Technologies by 7.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,082,448 shares of the oil and gas company’s stock worth $10,143,000 after buying an additional 78,093 shares in the last quarter. Natixis Advisors LLC bought a new position in shares of Tetra Technologies in the fourth quarter worth about $4,694,000. Finally, Intech Investment Management LLC raised its stake in shares of Tetra Technologies by 12.0% in the fourth quarter. Intech Investment Management LLC now owns 62,306 shares of the oil and gas company’s stock worth $584,000 after buying an additional 6,658 shares during the period. Institutional investors own 70.19% of the company’s stock.

Insider Transactions at Tetra Technologies

In other news, VP Kurt Hallead bought 22,000 shares of Tetra Technologies stock in a transaction that occurred on Tuesday, June 9th. The stock was bought at an average cost of $9.86 per share, with a total value of $216,920.00. Following the acquisition, the vice president owned 170,764 shares of the company’s stock, valued at $1,683,733.04. The trade was a 14.79% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.27% of the company’s stock.

Tetra Technologies Trading Down 1.1%

Tetra Technologies stock opened at $9.81 on Wednesday. The firm has a 50 day moving average of $9.57 and a 200 day moving average of $9.60. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 196.30 and a beta of 1.22. Tetra Technologies, Inc. has a 12-month low of $3.06 and a 12-month high of $12.54. The company has a current ratio of 2.02, a quick ratio of 1.20 and a debt-to-equity ratio of 0.62.

Tetra Technologies (NYSE:TTI) last released its earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. The company had revenue of $156.25 million during the quarter, compared to analyst estimates of $151.20 million. Tetra Technologies had a net margin of 1.15% and a return on equity of 10.50%. As a group, research analysts predict that Tetra Technologies, Inc. will post 0.26 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.25.

Tetra Technologies Company Profile

Tetra Technologies, Inc (NYSE: TTI) is a provider of specialized products and services to the upstream oil and gas industry. The company operates through two primary segments: Oilfield Services, which offers hydraulic fracturing and wellsite fluid systems, and Chemical Solutions, which manufactures and delivers a broad range of drilling, completion and production chemicals. Tetra’s integrated service model spans the design, blending and on-site delivery of fluids, as well as pumping equipment and related wellsite operations.

Within the Oilfield Services segment, Tetra supplies pressure pumping fleets and associated equipment to support onshore hydraulic fracturing and well placement activities.