Emerald Mutual Fund Advisers Trust Sells 74,496 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Emerald Mutual Fund Advisers Trust cut its position in TETRA Technologies, Inc. (NYSE:TTI) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 923,385 shares of the oil and gas company’s stock after selling 74,496 shares during the quarter. Emerald Mutual Fund Advisers Trust owned about 0.70% of TETRA Technologies worth $3,195,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in 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 valued at $75,000 after buying an additional 2,251 shares during the period. Spouting Rock Asset Management LLC increased its stake in shares of TETRA Technologies by 10.3% during the fourth quarter. Spouting Rock Asset Management LLC now owns 30,943 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 2,897 shares during the period. Diversified Trust Co lifted its holdings in TETRA Technologies by 12.0% during the 2nd quarter. Diversified Trust Co now owns 39,762 shares of the oil and gas company’s stock worth $138,000 after purchasing an additional 4,247 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in TETRA Technologies by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 102,722 shares of the oil and gas company’s stock valued at $456,000 after purchasing an additional 5,265 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in TETRA Technologies by 27.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,812 shares of the oil and gas company’s stock valued at $124,000 after buying an additional 7,784 shares in the last quarter. 70.19% of the stock is currently owned by institutional investors and hedge funds.

TETRA Technologies Stock Down 0.7 %

NYSE TTI opened at $2.83 on Friday. The company has a market cap of $371.12 million, a price-to-earnings ratio of 17.69 and a beta of 2.05. TETRA Technologies, Inc. has a 1-year low of $2.80 and a 1-year high of $6.77. The company has a current ratio of 2.41, a quick ratio of 1.72 and a debt-to-equity ratio of 1.17. The company has a 50 day moving average of $3.32 and a 200-day moving average of $3.78.

TETRA Technologies (NYSE:TTI) last posted 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 the consensus estimate of $180.66 million. TETRA Technologies had a return on equity of 18.84% and a net margin of 1.61%. On average, equities research analysts expect that TETRA Technologies, Inc. will post 0.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Friday, August 9th.

About TETRA Technologies

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.