BlackRock Fund Advisors boosted its position in shares of Tetra Technologies Inc. (NYSE:TTI) by 0.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,444,407 shares of the company’s stock after buying an additional 16,658 shares during the period. BlackRock Fund Advisors owned about 6.86% of Tetra Technologies worth $34,572,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Algert Global LLC raised its position in Tetra Technologies by 363.4% in the first quarter. Algert Global LLC now owns 52,505 shares of the company’s stock worth $333,000 after buying an additional 41,175 shares during the last quarter. QS Investors LLC bought a new position in Tetra Technologies during the fourth quarter worth about $1,055,000. BlackRock Group LTD raised its position in Tetra Technologies by 4.2% in the first quarter. BlackRock Group LTD now owns 168,836 shares of the company’s stock worth $1,072,000 after buying an additional 6,741 shares during the last quarter. California State Teachers Retirement System raised its position in Tetra Technologies by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 147,610 shares of the company’s stock worth $1,110,000 after buying an additional 2,662 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its position in Tetra Technologies by 3.1% in the fourth quarter. State of Wisconsin Investment Board now owns 149,348 shares of the company’s stock worth $1,123,000 after buying an additional 4,466 shares during the last quarter.
Tetra Technologies Inc. (NYSE:TTI) traded up 0.50% during mid-day trading on Wednesday, reaching $5.99. The company’s stock had a trading volume of 909,092 shares. The company’s market capitalization is $481.84 million. Tetra Technologies Inc. has a 1-year low of $4.62 and a 1-year high of $9.44. The firm has a 50 day moving average price of $6.13 and a 200-day moving average price of $6.00.
A number of research analysts have recently issued reports on the company. Credit Suisse Group AG reissued an “outperform” rating and issued a $8.00 target price on shares of Tetra Technologies in a report on Monday, July 18th. Zacks Investment Research raised Tetra Technologies from a “hold” rating to a “buy” rating and set a $7.25 target price on the stock in a report on Wednesday, July 13th. Wunderlich boosted their target price on Tetra Technologies from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, June 16th. Johnson Rice raised Tetra Technologies from an “accumulate” rating to a “buy” rating in a report on Tuesday, May 10th. Finally, Royal Bank Of Canada dropped their target price on Tetra Technologies from $6.25 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $8.66.
In other news, VP Joseph J. Meyer sold 11,246 shares of Tetra Technologies stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $5.41, for a total transaction of $60,840.86. Following the transaction, the vice president now directly owns 17,011 shares in the company, valued at approximately $92,029.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Bass C. Wallace, Jr. sold 10,300 shares of Tetra Technologies stock in a transaction on Tuesday, June 28th. The shares were sold at an average price of $5.86, for a total value 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.
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.
