1,750 Shares in Tidewater Inc. (NYSE:TDW) Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC purchased a new stake in Tidewater Inc. (NYSE:TDW) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,750 shares of the oil and gas company’s stock, valued at approximately $95,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TDW. Quarry LP bought a new stake in shares of Tidewater in the 2nd quarter valued at $27,000. Hollencrest Capital Management acquired a new stake in Tidewater in the second quarter worth $30,000. Fortitude Family Office LLC bought a new stake in Tidewater in the fourth quarter valued at $33,000. GAMMA Investing LLC raised its holdings in shares of Tidewater by 163.5% during the third quarter. GAMMA Investing LLC now owns 701 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 435 shares during the period. Finally, Northwest & Ethical Investments L.P. bought a new position in shares of Tidewater during the 3rd quarter worth about $65,000. 95.13% of the stock is currently owned by institutional investors.

Insider Transactions at Tidewater

In other news, CEO Quintin Kneen purchased 41,615 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $48.06 per share, for a total transaction of $2,000,016.90. Following the completion of the acquisition, the chief executive officer now owns 176,239 shares in the company, valued at $8,470,046.34. This trade represents a 30.91 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.33% of the company’s stock.

Tidewater Trading Up 3.3 %

Shares of Tidewater stock opened at $56.47 on Thursday. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $52.39 and a 200 day simple moving average of $70.86. Tidewater Inc. has a 12-month low of $46.50 and a 12-month high of $111.42. The company has a market capitalization of $2.95 billion, a P/E ratio of 16.61 and a beta of 1.06.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TDW shares. StockNews.com raised Tidewater from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Evercore ISI lowered Tidewater from an “outperform” rating to an “in-line” rating and lowered their target price for the stock from $112.00 to $68.00 in a research report on Wednesday. Raymond James cut Tidewater from a “strong-buy” rating to an “outperform” rating and cut their target price 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 research note on Friday, November 29th. They set a “buy” rating and a $70.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.60.

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.