On September 30, 2024, Neuberger Berman Group LLC, a prominent investment management firm, expanded its holdings in TETRA Technologies, Inc. The firm acquired an additional 575,097 shares of TTI common stock.
This transaction increased Neuberger Berman's total ownership in TETRA Technologies to 8,393,900 shares. The increased stake signals a significant commitment to the oil and gas services company.
The move by a major institutional investor like Neuberger Berman suggests a positive outlook on TETRA's long-term value proposition. This can be interpreted as a vote of confidence in the company's strategic initiatives and operational performance.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.