UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 1,168 Shares of Tidewater Inc. (NYSE:TDW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Tidewater Inc. (NYSE:TDW) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,577 shares of the oil and gas company’s stock after purchasing an additional 1,168 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Tidewater were worth $2,841,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Tidewater in the 2nd quarter worth about $27,000. Hollencrest Capital Management purchased a new position in Tidewater in the second quarter valued at about $30,000. GAMMA Investing LLC grew its position in shares of Tidewater by 163.5% during the 3rd quarter. GAMMA Investing LLC now owns 701 shares of the oil and gas company’s stock valued at $50,000 after acquiring an additional 435 shares during the period. Headlands Technologies LLC increased its stake in shares of Tidewater by 6,322.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,156 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 1,138 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Tidewater by 721.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,995 shares of the oil and gas company’s stock worth $197,000 after purchasing an additional 1,752 shares during the period. 95.13% of the stock is owned by institutional investors.

Tidewater Stock Performance

Shares of TDW opened at $47.64 on Friday. Tidewater Inc. has a 52-week low of $46.50 and a 52-week high of $111.42. The stock’s 50-day simple moving average is $56.95 and its 200 day simple moving average is $78.09. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 14.01 and a beta of 1.10.

Wall Street Analyst Weigh In

TDW has been the subject of several research reports. StockNews.com raised Tidewater from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Raymond James lowered Tidewater from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $131.00 to $102.00 in a report on Monday, November 11th. Finally, DNB Markets began coverage on shares of Tidewater in a report on Friday, November 29th. They set a “buy” rating and a $70.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.80.

About Tidewater

Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.