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Is TETRA Technologies, Inc. (TTI) A Good Stock To Buy?

As aggregate interest increased, some big names were breaking ground themselves. Centaur Capital Partners, managed by Zeke Ashton, initiated the biggest position in TETRA Technologies, Inc. (NYSE:TTI). Centaur Capital Partners had $1.8 million invested in the company at the end of the quarter. Peter Muller’s PDT Partners also initiated a $1.2 million position during the quarter. The other funds with new positions in the stock are Chao Ku’s Nine Chapters Capital Management, Paul Tudor Jones’ Tudor Investment Corp, and Joel Greenblatt’s Gotham Asset Management.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as TETRA Technologies, Inc. (NYSE:TTI) but similarly valued. These stocks are Oi SA (ADR) (NYSE:OIBR), Nautilus, Inc. (NYSE:NLS), China Yuchai International Limited (NYSE:CYD), and Clayton Williams Energy, Inc. (NASDAQ:CWEI). This group of stocks’ market caps is similar to TETRA Technologies, Inc. (NYSE:TTI)’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
OIBR 13 33531 0
NLS 27 74730 7
CYD 9 46656 1
CWEI 11 121619 3

As you can see, these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $69 million. That figure was $80 million in TETRA Technologies, Inc. (NYSE:TTI)’s case. Nautilus, Inc. (NYSE:NLS) is the most popular stock in this table. On the other hand, China Yuchai International Limited (NYSE:CYD) is the least popular one with only 9 bullish hedge fund positions. TETRA Technologies, Inc. (NYSE:TTI) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, Nautilus, Inc. (NYSE:NLS) might be a better candidate to consider a long position.

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