Zurcher Kantonalbank Zurich Cantonalbank Makes New Investment in Tetra Technologies, Inc. $TTI

Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Tetra Technologies, Inc. (NYSE:TTI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 56,891 shares of the oil and gas company’s stock, valued at approximately $533,000.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in shares of Tetra Technologies by 87.3% in the 1st quarter. AQR Capital Management LLC now owns 120,585 shares of the oil and gas company’s stock valued at $405,000 after acquiring an additional 56,203 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Tetra Technologies by 125.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 161,840 shares of the oil and gas company’s stock valued at $544,000 after acquiring an additional 90,001 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Tetra Technologies by 389.7% in the 1st quarter. Jane Street Group LLC now owns 225,101 shares of the oil and gas company’s stock valued at $756,000 after acquiring an additional 302,793 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Tetra Technologies by 0.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 389,606 shares of the oil and gas company’s stock valued at $1,309,000 after acquiring an additional 3,547 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Tetra Technologies by 74.4% in the 2nd quarter. Prudential Financial Inc. now owns 17,790 shares of the oil and gas company’s stock valued at $60,000 after acquiring an additional 7,590 shares during the last quarter. Hedge funds and other institutional investors own 70.19% of the company’s stock.

Tetra Technologies Stock Down 0.3%

TTI stock opened at $9.43 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.20. The firm’s fifty day simple moving average is $8.83 and its 200-day simple moving average is $9.10. Tetra Technologies, Inc. has a 12 month low of $2.63 and a 12 month high of $12.54. The company has a market capitalization of $1.28 billion, a P/E ratio of 188.54 and a beta of 1.21.

Tetra Technologies (NYSE:TTI) last posted its earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. Tetra Technologies had a net margin of 1.15% and a return on equity of 10.50%. The firm had revenue of $156.25 million during the quarter, compared to analysts’ expectations of $151.20 million. As a group, equities research analysts forecast that Tetra Technologies, Inc. will post 0.23 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on TTI. Clear Str downgraded shares of Tetra Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Stifel Nicolaus upped their price objective on shares of Tetra Technologies from $9.00 to $13.00 and gave the company a “buy” rating in a report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tetra Technologies in a report on Friday, January 9th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.25.

Tetra Technologies Profile

Tetra Technologies, Inc (NYSE: TTI) is a provider of specialized products and services to the upstream oil and gas industry. The company operates through two primary segments: Oilfield Services, which offers hydraulic fracturing and wellsite fluid systems, and Chemical Solutions, which manufactures and delivers a broad range of drilling, completion and production chemicals. Tetra’s integrated service model spans the design, blending and on-site delivery of fluids, as well as pumping equipment and related wellsite operations.

Within the Oilfield Services segment, Tetra supplies pressure pumping fleets and associated equipment to support onshore hydraulic fracturing and well placement activities.