Fuller & Thaler Asset Management, has recently announced that it has increased stake in TETRA Technologies Inc. (NYSE:TTI) by 2.03%. After grabbing 7.23 million shares, the institutional investor is now in possession of 0.14 million shares of the Energy Company. The new investment brought the stake of investor firm to 5.64% having worth around $35.74 million. Moreover, Neuberger Berman Investment Advis increased its share by 1.88 million to have a control over 3.87 million shares. And Emerald Advisers LLC raised its holdings to 1.42 million shares by acquiring 3.39 million shares or 2.64% of the stake.
TETRA Technologies Inc. (TTI) concluded trading on 11/23/22 at a closing price of $3.71, with 0.47 million shares of worth about $1.75 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -28.24% during that period and on Wednesday the price saw a loss of about -2.62%. Currently the company’s common shares owned by public are about 128.41M shares, out of which, 115.78M shares are available for trading.
Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $9.00 and could fall to a lowest price of $6.00. The stock’s current price level is 48.83% above of average price target set by the analysts, while a rise to estimated low would result in gain of 38.17% for the stock. However, touching the estimated high of $9.00 would mean a gain of 58.78% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 88 times over the past 12 months. They bought 1,804,510 shares in 46 of the transactions. In 42 selling transactions, insiders dumped 893,784 shares.
Undiscovered Managers Behavioral, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in TETRA Technologies Inc. Undiscovered Managers Behavioral is currently holding 5.8 million shares of worth totaling $28.65 million. The company recently came buying 0.24 million shares which brought its stake up to 4.52% of the company’s outstanding shares. iShares Russell 2000 ETF, after selling 2.68 million shares, have now control over 2.09% of the stake in the company. It holds 49648.0 shares of worth $13.22 million.
TETRA Technologies Inc. (NYSE: TTI) started trading at $3.72, below -$0.09 from concluding price of the previous day. However, the stock later moved at a day high price of 3.7850, or with a loss of -2.62%. Stock saw a price change of -1.85% in past 5 days and over the past one month there was a price change of -22.71%. Year-to-date (YTD), TTI shares are showing a performance of 30.63% which increased to 24.92% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.32 but also hit the highest price of $5.82 during that period. The average intraday trading volume for TETRA Technologies Inc. shares is 1.15 million. The stock is currently trading -10.54% below its 20-day simple moving average (SMA20), while that difference is down -8.49% for SMA50 and it goes to -7.29% lower than SMA200.
Fuller & Thaler Asset Management, acquired 7.23 million shares of TETRA Technologies Inc. having value of about $35.74 million. Data submitted at the U.S SEC by Fuller & Thaler Asset Management, revealed that the firm now holds 0.14 million shares in the company valued at close to $533086.19, or have control over 2.03% stake in the company. TETRA Technologies Inc. (NYSE: TTI) currently have 128.41M outstanding shares and institutions hold larger chunk of about 62.40% of that. Holding of mutual funds in the company is about 34.42% while other institutional holders and individual stake holders have control over 8.63% and 27.40% of the stake respectively.
The stock has a current market capitalization of $473.43M and its 3Y-monthly beta is at 2.61. PE ratio of stock for trailing 12 months is 54.56, while it has posted earnings per share of $0.07 in the same period. Its PEG reads 1.88 and has Quick Ratio of 1.40 while making debt-to-equity ratio of 1.49. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TTI, volatility over the week remained 4.73% while standing at 6.10% over the month.
Analysts are in expectations that TETRA Technologies Inc. (TTI) stock would likely to be making an EPS of $0.04 in the current quarter, while forecast for next quarter EPS is $0.06 and it is $0.31 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.03 which is $0.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -181.00% while it is estimated to increase by 88.27% in next year. EPS is likely to shrink at an annualized rate of 29.00% for next 5-years, compared to annual growth of 39.70% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Johnson Rice on June 24, 2022 offering a Buy rating for the stock and assigned a target price of $7 to it. Coverage by Stifel stated TETRA Technologies Inc. (TTI) stock as a Buy in their note to investors on February 03, 2021, suggesting a price target of $3 for the stock. On February 02, 2021, Evercore ISI Upgrade their recommendations, while on March 13, 2020, Wells Fargo Downgrade their ratings for the stock with a price target of $1. Stock get a Neutral rating from B. Riley FBR on March 11, 2020.