American Century Companies Inc. Buys Shares of 182,983 TETRA Technologies, Inc. (TTI)

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American Century Companies Inc. purchased a new stake in shares of TETRA Technologies, Inc. (NYSE:TTI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 182,983 shares of the oil and gas company’s stock, valued at approximately $686,000. American Century Companies Inc. owned approximately 0.16% of TETRA Technologies at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TTI. Energy Opportunities Capital Management LLC acquired a new stake in shares of TETRA Technologies during the 4th quarter valued at approximately $100,000. Stone Ridge Asset Management LLC acquired a new stake in shares of TETRA Technologies during the 4th quarter valued at approximately $107,000. Two Sigma Advisers LP acquired a new stake in shares of TETRA Technologies during the 4th quarter valued at approximately $134,000. Teacher Retirement System of Texas acquired a new stake in TETRA Technologies in the fourth quarter worth $167,000. Finally, CNA Financial Corp acquired a new stake in TETRA Technologies in the fourth quarter worth $177,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

In other TETRA Technologies news, VP Elisabeth K. Evans purchased 7,600 shares of the firm’s stock in a transaction dated Wednesday, March 21st. The stock was bought at an average price of $3.90 per share, with a total value of $29,640.00. Following the completion of the purchase, the vice president now owns 63,342 shares in the company, valued at approximately $247,033.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 5.69% of the company’s stock.

Several brokerages have weighed in on TTI. TheStreet raised TETRA Technologies from a “d” rating to a “c-” rating in a research report on Tuesday, May 8th. ValuEngine raised TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $4.20 target price (up from $4.00) on shares of TETRA Technologies in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $4.65.

Shares of TETRA Technologies traded down $0.06, hitting $4.33, on Thursday, MarketBeat Ratings reports. The company’s stock had a trading volume of 529,700 shares, compared to its average volume of 842,953. TETRA Technologies, Inc. has a 12 month low of $1.85 and a 12 month high of $4.85. The stock has a market cap of $551.25 million, a price-to-earnings ratio of -20.62, a PEG ratio of 1.93 and a beta of 0.69. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.02 and a current ratio of 2.83.

TETRA Technologies (NYSE:TTI) last released its quarterly earnings results on Tuesday, May 8th. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. TETRA Technologies had a negative return on equity of 3.15% and a negative net margin of 10.59%. The company had revenue of $199.00 million during the quarter, compared to analysts’ expectations of $206.66 million. During the same quarter in the prior year, the business posted ($0.10) earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. equities research analysts predict that TETRA Technologies, Inc. will post 0.08 EPS for the current year.

TETRA Technologies Company Profile

TETRA Technologies, Inc, together with its subsidiaries, operates as a diversified oil and gas services company. The company's Fluids division 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.

Institutional Ownership by Quarter for TETRA Technologies (NYSE:TTI)

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