Emerald Mutual Fund Advisers Trust Has $13.98 Million Holdings in Tetra Technologies, Inc. $TTI

Emerald Mutual Fund Advisers Trust lessened its stake in shares of Tetra Technologies, Inc. (NYSE:TTI) by 4.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,641,276 shares of the oil and gas company’s stock after selling 78,929 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Tetra Technologies were worth $13,984,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in TTI. AQR Capital Management LLC raised its stake in shares of Tetra Technologies by 87.3% in the 1st quarter. AQR Capital Management LLC now owns 120,585 shares of the oil and gas company’s stock valued at $405,000 after acquiring an additional 56,203 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Tetra Technologies by 125.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 161,840 shares of the oil and gas company’s stock worth $544,000 after purchasing an additional 90,001 shares during the period. Jane Street Group LLC grew its holdings in Tetra Technologies by 389.7% during the first quarter. Jane Street Group LLC now owns 225,101 shares of the oil and gas company’s stock valued at $756,000 after purchasing an additional 302,793 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Tetra Technologies by 0.9% during the second quarter. JPMorgan Chase & Co. now owns 389,606 shares of the oil and gas company’s stock valued at $1,309,000 after purchasing an additional 3,547 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Tetra Technologies by 74.4% in the second quarter. Prudential Financial Inc. now owns 17,790 shares of the oil and gas company’s stock valued at $60,000 after purchasing an additional 7,590 shares during the period. Institutional investors and hedge funds own 70.19% of the company’s stock.

Tetra Technologies Price Performance

NYSE TTI opened at $9.19 on Tuesday. Tetra Technologies, Inc. has a twelve month low of $3.17 and a twelve month high of $12.54. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.20 and a current ratio of 2.02. The stock has a market capitalization of $1.22 billion, a PE ratio of 183.74 and a beta of 1.19. The stock has a 50-day simple moving average of $10.14 and a 200 day simple moving average of $9.88.

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

Insider Buying and Selling

In other news, CEO Brady M. Murphy sold 50,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $10.72, for a total value of $536,000.00. Following the completion of the sale, the chief executive officer directly owned 2,965,457 shares of the company’s stock, valued at approximately $31,789,699.04. This represents a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kurt Hallead acquired 22,000 shares of Tetra Technologies stock in a transaction dated Tuesday, June 9th. The stock was acquired at an average cost of $9.86 per share, with a total value of $216,920.00. Following the completion of the transaction, the vice president directly owned 170,764 shares of the company’s stock, valued at $1,683,733.04. This trade represents a 14.79% increase in their position. The SEC filing for this purchase provides additional information. 6.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TTI shares. Weiss Ratings upgraded shares of Tetra Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. Northland Securities raised their target price on shares of Tetra Technologies from $11.50 to $14.00 and gave the company an “outperform” rating in a research note on Tuesday, June 30th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.