CSM Advisors LLC Sells 117,440 Shares of Tetra Technologies, Inc. $TTI

CSM Advisors LLC decreased its position in Tetra Technologies, Inc. (NYSE:TTI) by 12.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 842,865 shares of the oil and gas company’s stock after selling 117,440 shares during the period. CSM Advisors LLC’s holdings in Tetra Technologies were worth $4,845,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Pullen Investment Management LLC increased its position in shares of Tetra Technologies by 16.4% during the third quarter. Pullen Investment Management LLC now owns 695,165 shares of the oil and gas company’s stock valued at $3,997,000 after purchasing an additional 97,937 shares during the period. Squarepoint Ops LLC boosted its stake in Tetra Technologies by 114.0% during the second quarter. Squarepoint Ops LLC now owns 543,448 shares of the oil and gas company’s stock worth $1,826,000 after buying an additional 289,456 shares in the last quarter. American Century Companies Inc. boosted its stake in Tetra Technologies by 13.8% during the third quarter. American Century Companies Inc. now owns 3,416,017 shares of the oil and gas company’s stock worth $19,642,000 after buying an additional 414,076 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Tetra Technologies in the 3rd quarter valued at $567,000. Finally, Acuitas Investments LLC bought a new stake in Tetra Technologies in the 3rd quarter valued at $6,787,000. Institutional investors own 70.19% of the company’s stock.

Tetra Technologies Stock Performance

NYSE TTI opened at $8.22 on Monday. Tetra Technologies, Inc. has a 1-year low of $2.03 and a 1-year high of $12.54. The company has a 50 day moving average of $10.51 and a 200-day moving average of $8.29. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 411.00 and a beta of 1.20.

Tetra Technologies (NYSE:TTI) last announced its earnings results on Wednesday, February 25th. The oil and gas company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $146.68 million during the quarter, compared to analyst estimates of $140.98 million. Tetra Technologies had a return on equity of 12.56% and a net margin of 0.48%. On average, equities analysts forecast that Tetra Technologies, Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TTI shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tetra Technologies in a report on Friday, January 9th. Northland Securities increased their price target on shares of Tetra Technologies from $8.50 to $11.50 and gave the stock an “outperform” rating in a research report on Wednesday, December 31st. CJS Securities started coverage on shares of Tetra Technologies in a research note on Thursday, December 11th. They set an “outperform” rating and a $11.50 price target for the company. Stifel Nicolaus increased their target price on Tetra Technologies from $9.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, Clear Str lowered Tetra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.25.

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.