Tidal Investments LLC Buys 267 Shares of Tidewater Inc. (NYSE:TDW)

Tidal Investments LLC raised its stake in Tidewater Inc. (NYSE:TDW) by 8.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,575 shares of the oil and gas company’s stock after purchasing an additional 267 shares during the quarter. Tidal Investments LLC’s holdings in Tidewater were worth $257,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TDW. Quarry LP bought a new position in shares of Tidewater in the second quarter valued at $27,000. Hollencrest Capital Management bought a new position in shares of Tidewater in the 2nd quarter valued at about $30,000. GAMMA Investing LLC increased its stake 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 worth $50,000 after purchasing an additional 435 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new stake in shares of Tidewater in the 3rd quarter valued at about $65,000. Finally, Headlands Technologies LLC lifted its stake in Tidewater by 6,322.2% in the 2nd quarter. Headlands Technologies LLC now owns 1,156 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 1,138 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

Insider Activity

In other Tidewater news, CEO Quintin Kneen purchased 41,615 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $48.06 per share, with a total value of $2,000,016.90. Following the completion of the transaction, the chief executive officer now owns 176,239 shares in the company, valued at $8,470,046.34. The trade was a 30.91 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TDW. DNB Markets initiated coverage on Tidewater in a research report on Friday, November 29th. They set a “buy” rating and a $70.00 price target on the stock. Raymond James cut Tidewater from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from $131.00 to $102.00 in a research note on Monday, November 11th. Finally, StockNews.com raised shares of Tidewater from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $95.80.

Tidewater Stock Performance

TDW opened at $50.14 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.29 and a quick ratio of 2.19. The company has a market capitalization of $2.62 billion, a PE ratio of 14.75 and a beta of 1.10. The business has a fifty day simple moving average of $54.18 and a 200 day simple moving average of $75.22. Tidewater Inc. has a 1 year low of $46.50 and a 1 year high of $111.42.

Tidewater Profile

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.