Berkshire Asset Management LLC PA Lowers Stock Holdings in Tetra Technologies, Inc. $TTI

Berkshire Asset Management LLC PA cut its holdings in Tetra Technologies, Inc. (NYSE:TTI) by 11.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 367,500 shares of the oil and gas company’s stock after selling 49,625 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in Tetra Technologies were worth $2,113,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new stake in Tetra Technologies in the 3rd quarter worth $28,000. Osaic Holdings Inc. raised its position in shares of Tetra Technologies by 647.1% during the 2nd quarter. Osaic Holdings Inc. now owns 12,700 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 11,000 shares during the last quarter. Catalyst Funds Management Pty Ltd purchased a new position in Tetra Technologies in the 2nd quarter valued at about $44,000. American Trust purchased a new stake in Tetra Technologies during the 2nd quarter worth approximately $49,000. Finally, Tower Research Capital LLC TRC increased its stake in Tetra Technologies by 235.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 14,536 shares of the oil and gas company’s stock worth $49,000 after buying an additional 10,204 shares in the last quarter. Institutional investors and hedge funds own 70.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TTI shares. Stifel Nicolaus raised their target price on Tetra Technologies from $9.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, January 12th. CJS Securities started coverage on Tetra Technologies in a report on Thursday, December 11th. They issued an “outperform” rating and a $11.50 price objective on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tetra Technologies in a report on Friday, January 9th. Wall Street Zen downgraded shares of Tetra Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Northland Securities upped their price objective on shares of Tetra Technologies from $8.50 to $11.50 and gave the company an “outperform” rating in a research note on Wednesday, December 31st. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $10.25.

Tetra Technologies Trading Up 3.0%

Shares of TTI stock opened at $10.90 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.56 and a debt-to-equity ratio of 0.61. Tetra Technologies, Inc. has a twelve month low of $2.03 and a twelve month high of $12.54. The company’s 50-day moving average price is $10.33 and its 200-day moving average price is $7.50. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 11.97 and a beta of 1.24.

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.