Renaissance Technologies LLC Has $91,000 Stake in TETRA Technologies, Inc. (NYSE:TTI)

Renaissance Technologies LLC decreased its position in shares of TETRA Technologies, Inc. (NYSE:TTI) by 92.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 26,200 shares of the oil and gas company’s stock after selling 311,876 shares during the period. Renaissance Technologies LLC’s holdings in TETRA Technologies were worth $91,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. American Century Companies Inc. increased its holdings in shares of TETRA Technologies by 153.8% in the second quarter. American Century Companies Inc. now owns 883,431 shares of the oil and gas company’s stock valued at $3,057,000 after purchasing an additional 535,413 shares in the last quarter. Ovata Capital Management Ltd acquired a new stake in shares of TETRA Technologies in the second quarter valued at approximately $1,730,000. Gendell Jeffrey L increased its holdings in shares of TETRA Technologies by 5.5% in the first quarter. Gendell Jeffrey L now owns 4,811,224 shares of the oil and gas company’s stock valued at $21,314,000 after purchasing an additional 252,632 shares in the last quarter. Foundry Partners LLC increased its holdings in shares of TETRA Technologies by 37.9% in the first quarter. Foundry Partners LLC now owns 804,350 shares of the oil and gas company’s stock valued at $3,563,000 after purchasing an additional 221,005 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of TETRA Technologies by 168.1% in the first quarter. BNP Paribas Financial Markets now owns 250,888 shares of the oil and gas company’s stock valued at $1,111,000 after purchasing an additional 157,295 shares in the last quarter. Institutional investors and hedge funds own 70.19% of the company’s stock.

TETRA Technologies Stock Down 4.9 %

Shares of TTI stock opened at $3.28 on Tuesday. The company has a current ratio of 2.41, a quick ratio of 1.72 and a debt-to-equity ratio of 1.17. TETRA Technologies, Inc. has a 1 year low of $2.68 and a 1 year high of $6.77. The firm’s fifty day moving average price is $3.11 and its two-hundred day moving average price is $3.59. The firm has a market capitalization of $431.16 million, a P/E ratio of 41.01 and a beta of 2.04.

TETRA Technologies (NYSE:TTI) last released its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.03). The firm had revenue of $171.94 million for 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%. On average, equities analysts predict that TETRA Technologies, Inc. will post 0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of TETRA Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, October 8th.

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.