Legal & General Group Plc Has $787,000 Stake in Tetra Technologies, Inc. (TTI)

Legal & General Group Plc raised its stake in Tetra Technologies, Inc. (NYSE:TTI) by 1.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 193,258 shares of the oil and gas company’s stock after buying an additional 3,513 shares during the period. Legal & General Group Plc owned about 0.17% of Tetra Technologies worth $787,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Tetra Technologies by 107.2% in the first quarter. FMR LLC now owns 12,007,494 shares of the oil and gas company’s stock worth $48,870,000 after buying an additional 6,213,696 shares during the last quarter. Boston Partners increased its stake in shares of Tetra Technologies by 20.6% in the first quarter. Boston Partners now owns 4,787,164 shares of the oil and gas company’s stock worth $19,483,000 after buying an additional 818,520 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Tetra Technologies by 23.3% in the first quarter. Wells Fargo & Company MN now owns 3,987,876 shares of the oil and gas company’s stock worth $16,230,000 after buying an additional 753,964 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of Tetra Technologies by 3.9% in the first quarter. Neuberger Berman Group LLC now owns 3,109,849 shares of the oil and gas company’s stock worth $12,657,000 after buying an additional 116,893 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Tetra Technologies during the fourth quarter worth approximately $15,354,000. Institutional investors and hedge funds own 93.54% of the company’s stock.

Tetra Technologies, Inc. (TTI) traded down 2.93% during mid-day trading on Friday, reaching $1.99. The company’s stock had a trading volume of 1,570,740 shares. Tetra Technologies, Inc. has a 1-year low of $1.99 and a 1-year high of $6.77. The stock’s market capitalization is $227.92 million. The stock’s 50 day moving average price is $2.69 and its 200 day moving average price is $3.56.

Tetra Technologies (NYSE:TTI) last announced its quarterly earnings results on Wednesday, August 9th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.03. Tetra Technologies had a negative net margin of 8.27% and a negative return on equity of 9.56%. The firm had revenue of $208.37 million for the quarter, compared to the consensus estimate of $204.19 million. During the same period in the prior year, the business earned ($0.15) earnings per share. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. Analysts expect that Tetra Technologies, Inc. will post ($0.17) EPS for the current fiscal year.

WARNING: This news story was published by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.com-unik.info/2017/08/11/tetra-technologies-inc-tti-stake-raised-by-legal-general-group-plc-updated.html.

TTI has been the subject of a number of analyst reports. BidaskClub cut Tetra Technologies from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Johnson Rice raised Tetra Technologies from an “accumulate” rating to a “buy” rating and set a $6.00 price target for the company in a report on Thursday, April 13th. Zacks Investment Research cut Tetra Technologies from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Morgan Stanley lowered their price objective on Tetra Technologies from $5.50 to $4.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 21st. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $3.25 price objective on shares of Tetra Technologies in a research report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $5.67.

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.

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

What are top analysts saying about Tetra Technologies Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Tetra Technologies Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit