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Aug 09, 2023

Jump Financial LLC Has $97,000 Stock Position in TETRA Technologies, Inc. (NYSE:TTI)

Jump Financial LLC reduced its stake in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 59.1% during the first quarter, according to the company in its most recent disclosure with the Securities

Jump Financial LLC reduced its stake in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 59.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,700 shares of the oil and gas company's stock after selling 53,100 shares during the quarter. Jump Financial LLC's holdings in TETRA Technologies were worth $97,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James & Associates increased its holdings in TETRA Technologies by 4.6% in the first quarter. Raymond James & Associates now owns 66,683 shares of the oil and gas company's stock worth $274,000 after purchasing an additional 2,946 shares in the last quarter. American Century Companies Inc. increased its holdings in TETRA Technologies by 13.1% in the first quarter. American Century Companies Inc. now owns 521,195 shares of the oil and gas company's stock worth $2,142,000 after purchasing an additional 60,320 shares in the last quarter. Rhumbline Advisers increased its holdings in TETRA Technologies by 23.0% in the first quarter. Rhumbline Advisers now owns 119,355 shares of the oil and gas company's stock worth $491,000 after purchasing an additional 22,327 shares in the last quarter. Covestor Ltd bought a new stake in TETRA Technologies in the first quarter worth approximately $31,000. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in TETRA Technologies by 1.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 7,646,844 shares of the oil and gas company's stock worth $31,429,000 after purchasing an additional 79,627 shares in the last quarter. 60.56% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on TTI shares. StockNews.com downgraded TETRA Technologies from a "buy" rating to a "hold" rating in a report on Thursday. Stifel Nicolaus boosted their price objective on TETRA Technologies from $6.00 to $7.00 and gave the company a "buy" rating in a report on Wednesday, August 2nd. Finally, TheStreet upgraded TETRA Technologies from a "c" rating to a "b-" rating in a report on Tuesday, August 1st.

View Our Latest Stock Report on TETRA Technologies

Shares of TETRA Technologies stock opened at $5.32 on Monday. The stock has a fifty day simple moving average of $3.79 and a 200 day simple moving average of $3.37. TETRA Technologies, Inc. has a 12-month low of $2.43 and a 12-month high of $5.59. The company has a market capitalization of $689.26 million, a P/E ratio of 29.56 and a beta of 2.63. The company has a current ratio of 2.07, a quick ratio of 1.42 and a debt-to-equity ratio of 1.14.

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.

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