TETRA Technologies, Inc. (NYSE:TTI) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC lifted its stake in shares of TETRA Technologies, Inc. (NYSE:TTI) by 126.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 289,235 shares of the oil and gas company’s stock after buying an additional 161,653 shares during the quarter. AQR Capital Management LLC’s holdings in TETRA Technologies were worth $1,001,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TTI. Point72 DIFC Ltd lifted its position in shares of TETRA Technologies by 82.0% during the second quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 5,966 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of TETRA Technologies during the second quarter worth about $53,000. Principal Financial Group Inc. lifted its stake in shares of TETRA Technologies by 15.4% in the first quarter. Principal Financial Group Inc. now owns 16,854 shares of the oil and gas company’s stock worth $75,000 after acquiring an additional 2,251 shares in the last quarter. Norden Group LLC purchased a new position in TETRA Technologies in the first quarter valued at about $83,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in TETRA Technologies during the 1st quarter worth approximately $84,000. 70.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut TETRA Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday.

TETRA Technologies Stock Performance

Shares of TTI stock opened at $3.45 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.72 and a current ratio of 2.41. The stock has a market capitalization of $452.43 million, a price-to-earnings ratio of 21.56 and a beta of 2.04. TETRA Technologies, Inc. has a one year low of $2.68 and a one year high of $6.77. The company’s 50-day simple moving average is $3.10 and its 200-day simple moving average is $3.61.

TETRA Technologies (NYSE:TTI) last issued its earnings results on Wednesday, July 31st. The oil and gas company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.03). The firm had revenue of $171.94 million during the quarter, compared to analyst estimates of $180.66 million. TETRA Technologies had a return on equity of 18.84% and a net margin of 1.61%. Equities analysts anticipate that TETRA Technologies, Inc. will post 0.18 earnings per share for the current fiscal year.

TETRA Technologies Profile

TETRA Technologies, Inc, together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.