Tetra Technologies, Inc. (TTI) Shares Bought by Legal & General Group Plc

Legal & General Group Plc raised its stake in shares of Tetra Technologies, Inc. (NYSE:TTI) by 1.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 SEC filing.

Other institutional investors have also modified their holdings of the company. Municipal Employees Retirement System of Michigan raised its position in shares of Tetra Technologies by 23.7% in the first quarter. Municipal Employees Retirement System of Michigan now owns 26,270 shares of the oil and gas company’s stock valued at $107,000 after buying an additional 5,030 shares during the period. Mason Street Advisors LLC raised its position in shares of Tetra Technologies by 7.8% in the first quarter. Mason Street Advisors LLC now owns 27,039 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 1,961 shares during the period. Karp Capital Management Corp acquired a new position in shares of Tetra Technologies during the first quarter valued at about $121,000. Princeton Alpha Management LP acquired a new position in shares of Tetra Technologies during the first quarter valued at about $144,000. Finally, Louisiana State Employees Retirement System raised its position in shares of Tetra Technologies by 26.3% in the first quarter. Louisiana State Employees Retirement System now owns 47,100 shares of the oil and gas company’s stock valued at $192,000 after buying an additional 9,800 shares during the period. 93.26% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Tetra Technologies, Inc. (NYSE TTI) opened at 1.94 on Friday. The company’s market cap is $224.84 million. The company’s 50-day moving average price is $2.58 and its 200 day moving average price is $3.46. Tetra Technologies, Inc. has a one year low of $1.85 and a one year high of $6.63.

Tetra Technologies (NYSE:TTI) last posted its earnings results on Wednesday, August 9th. The oil and gas company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.03. The business had revenue of $208.37 million during the quarter, compared to the consensus estimate of $204.19 million. Tetra Technologies had a negative return on equity of 9.56% and a negative net margin of 8.27%. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.15) EPS. On average, equities research analysts anticipate that Tetra Technologies, Inc. will post ($0.19) earnings per share for the current year.

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A number of equities analysts have recently weighed in on the company. Morgan Stanley lowered their target price on Tetra Technologies from $5.50 to $4.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 21st. Zacks Investment Research raised Tetra Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Royal Bank Of Canada set a $5.00 target price on Tetra Technologies and gave the stock a “hold” rating in a research report on Friday, June 16th. Finally, BidaskClub lowered Tetra Technologies from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently 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)

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