Crown Advisors Management Inc. Takes Position in Tetra Technologies, Inc. $TTI

Crown Advisors Management Inc. purchased a new position in shares of Tetra Technologies, Inc. (NYSE:TTI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 125,000 shares of the oil and gas company’s stock, valued at approximately $3,611,000. Tetra Technologies accounts for about 2.0% of Crown Advisors Management Inc.’s investment portfolio, making the stock its 15th biggest position. Crown Advisors Management Inc. owned about 0.09% of Tetra Technologies as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. KBC Group NV bought a new position in Tetra Technologies during the 1st quarter worth $27,000. Aster Capital Management DIFC Ltd bought a new stake in Tetra Technologies in the fourth quarter valued at $33,000. Rockefeller Capital Management L.P. bought a new stake in Tetra Technologies in the fourth quarter valued at $45,000. Generali Investments Management Co LLC acquired a new position in shares of Tetra Technologies during the fourth quarter valued at $54,000. Finally, Allworth Financial LP boosted its holdings in shares of Tetra Technologies by 219.3% during the fourth quarter. Allworth Financial LP now owns 6,009 shares of the oil and gas company’s stock valued at $56,000 after acquiring an additional 4,127 shares during the period. Institutional investors own 70.19% of the company’s stock.

Insider Transactions at Tetra Technologies

In related news, VP Kurt Hallead bought 22,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average price of $9.86 per share, for a total transaction of $216,920.00. Following the transaction, the vice president directly owned 170,764 shares of the company’s stock, valued at approximately $1,683,733.04. This represents a 14.79% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brady M. Murphy sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $10.72, for a total transaction of $536,000.00. Following the transaction, the chief executive officer directly owned 2,965,457 shares in the company, valued at approximately $31,789,699.04. The trade was a 1.66% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 6.27% of the company’s stock.

Tetra Technologies Stock Down 0.5%

Shares of Tetra Technologies stock opened at $8.51 on Monday. The business’s fifty day moving average price is $9.29 and its two-hundred day moving average price is $9.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.46 and a quick ratio of 1.76. The company has a market capitalization of $1.26 billion, a P/E ratio of 212.73 and a beta of 1.25. Tetra Technologies, Inc. has a 1-year low of $3.88 and a 1-year high of $12.54.

Tetra Technologies (NYSE:TTI) last released its quarterly earnings results on Monday, August 3rd. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $185.66 million during the quarter, compared to analysts’ expectations of $176.16 million. Tetra Technologies had a return on equity of 9.11% and a net margin of 0.97%.During the same quarter in the prior year, the business posted $0.08 earnings per share. As a group, research analysts forecast that Tetra Technologies, Inc. will post 0.26 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on TTI. Northland Securities increased their price objective on shares of Tetra Technologies from $11.50 to $14.00 and gave the stock an “outperform” rating in a report on Tuesday, June 30th. Weiss Ratings lowered shares of Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.83.

Tetra Technologies 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.