Emerald Advisers LLC Sells 193,775 Shares of Tetra Technologies, Inc. $TTI

Emerald Advisers LLC decreased its position in Tetra Technologies, Inc. (NYSE:TTI) by 6.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,661,527 shares of the oil and gas company’s stock after selling 193,775 shares during the period. Emerald Advisers LLC’s holdings in Tetra Technologies were worth $22,676,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TTI. Mercer Global Advisors Inc. ADV increased its stake in Tetra Technologies by 5.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 24,819 shares of the oil and gas company’s stock worth $233,000 after purchasing an additional 1,272 shares in the last quarter. ProShare Advisors LLC raised its holdings in Tetra Technologies by 6.7% during the 4th quarter. ProShare Advisors LLC now owns 23,179 shares of the oil and gas company’s stock worth $217,000 after buying an additional 1,452 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Tetra Technologies by 31.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,204 shares of the oil and gas company’s stock valued at $58,000 after buying an additional 1,473 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Tetra Technologies by 9.7% in the fourth quarter. LPL Financial LLC now owns 19,626 shares of the oil and gas company’s stock valued at $184,000 after buying an additional 1,739 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Tetra Technologies by 2.5% in the third quarter. Sei Investments Co. now owns 73,170 shares of the oil and gas company’s stock valued at $421,000 after buying an additional 1,754 shares during the period. Institutional investors own 70.19% of the company’s stock.

Tetra Technologies Price Performance

Shares of TTI opened at $9.19 on Tuesday. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 183.74 and a beta of 1.19. Tetra Technologies, Inc. has a 1-year low of $3.17 and a 1-year high of $12.54. The company’s fifty day simple moving average is $10.14 and its 200 day simple moving average is $9.88. The company has a current ratio of 2.02, a quick ratio of 1.20 and a debt-to-equity ratio of 0.62.

Tetra Technologies (NYSE:TTI) last issued its earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The company had revenue of $156.25 million for the quarter, compared to analysts’ expectations of $151.20 million. Tetra Technologies had a net margin of 1.15% and a return on equity of 10.50%. On average, research analysts forecast that Tetra Technologies, Inc. will post 0.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TTI. Weiss Ratings upgraded Tetra Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 8th. Northland Securities boosted their price target on Tetra Technologies from $11.50 to $14.00 and gave the company an “outperform” rating in a report on Tuesday, June 30th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.88.

About Tetra Technologies

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.