TETRA Technologies, Inc. (NYSE:TTI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in shares of TETRA Technologies, Inc. (NYSE:TTI) by 95.8% during the third quarter, HoldingsChannel reports. The firm owned 14,952 shares of the oil and gas company’s stock after selling 339,447 shares during the period. Victory Capital Management Inc.’s holdings in TETRA Technologies were worth $46,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Point72 DIFC Ltd increased its stake in shares of TETRA Technologies by 82.0% in the second quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company’s stock worth $46,000 after buying an additional 5,966 shares during the last quarter. nVerses Capital LLC bought a new position in shares of TETRA Technologies during the second quarter worth about $53,000. US Bancorp DE grew its stake in TETRA Technologies by 2,038.0% in the third quarter. US Bancorp DE now owns 17,703 shares of the oil and gas company’s stock worth $55,000 after purchasing an additional 16,875 shares in the last quarter. Mackenzie Financial Corp bought a new stake in TETRA Technologies in the second quarter valued at about $84,000. Finally, ARS Investment Partners LLC acquired a new stake in TETRA Technologies during the second quarter valued at approximately $104,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TTI shares. StockNews.com upgraded TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. EF Hutton Acquisition Co. I raised shares of TETRA Technologies to a “strong-buy” rating in a report on Monday, October 21st.

TETRA Technologies Stock Performance

Shares of NYSE TTI opened at $3.85 on Monday. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. The firm’s 50-day moving average price is $3.45 and its two-hundred day moving average price is $3.39. TETRA Technologies, Inc. has a 52-week low of $2.68 and a 52-week high of $5.08. The stock has a market capitalization of $507.47 million, a P/E ratio of 192.60 and a beta of 2.04.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $141.70 million for the quarter, compared to the consensus estimate of $156.43 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The business’s revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. As a group, sell-side analysts forecast that TETRA Technologies, Inc. will post 0.15 earnings per share for the current year.

TETRA Technologies Company 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.