How TETRA Technologies, Inc. (TTI) Stacks Up Against Its Peers

Due to the fact that TETRA Technologies, Inc. (NYSE:TTI) has encountered falling interest from the entirety of the hedge funds we track, logic holds that there exists a select few hedgies that slashed their full holdings in the third quarter. It’s worth mentioning that Bryant Regan’s Lafitte Capital Management sold off the largest stake of all the hedgies monitored by Insider Monkey, worth about $1.6 million in stock, and Mark Coe’s Coe Capital Management was right behind this move, as the fund cut about $1.6 million worth of shares.

Let’s check out hedge fund activity in other stocks similar to TETRA Technologies, Inc. (NYSE:TTI). These stocks are Ashford Hospitality Trust, Inc. (NYSE:AHT), Great Southern Bancorp, Inc. (NASDAQ:GSBC), Sucampo Pharmaceuticals, Inc. (NASDAQ:SCMP), and Novavax, Inc. (NASDAQ:NVAX). All of these stocks’ market caps resemble TTI’s market cap.

As you can see these stocks had an average of 11.5 hedge funds with bullish positions and the average amount invested in these stocks was $26 million. That figure was $67 million in TTI’s case. Sucampo Pharmaceuticals, Inc. (NASDAQ:SCMP) is the most popular stock in this table. On the other hand Great Southern Bancorp, Inc. (NASDAQ:GSBC) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks TETRA Technologies, Inc. (NYSE:TTI) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none