SG Americas Securities LLC Has $426,000 Stock Holdings in Tidewater Inc. (NYSE:TDW)

SG Americas Securities LLC lowered its stake in Tidewater Inc. (NYSE:TDW) by 25.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,783 shares of the oil and gas company’s stock after selling 2,613 shares during the period. SG Americas Securities LLC’s holdings in Tidewater were worth $426,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Centiva Capital LP bought a new stake in shares of Tidewater during the third quarter worth about $958,000. Teachers Retirement System of The State of Kentucky acquired a new stake in Tidewater during the 2nd quarter valued at approximately $1,241,000. Raymond James & Associates lifted its stake in shares of Tidewater by 11.9% in the 3rd quarter. Raymond James & Associates now owns 93,682 shares of the oil and gas company’s stock valued at $6,725,000 after purchasing an additional 9,952 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Tidewater by 23.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 154,112 shares of the oil and gas company’s stock worth $8,431,000 after buying an additional 29,721 shares in the last quarter. Finally, Citigroup Inc. increased its stake in Tidewater by 75.2% in the third quarter. Citigroup Inc. now owns 58,411 shares of the oil and gas company’s stock valued at $4,193,000 after purchasing an additional 25,064 shares in the last quarter. Institutional investors own 95.13% of the company’s stock.

Insider Transactions at Tidewater

In related news, CEO Quintin Kneen acquired 41,615 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $48.06 per share, for a total transaction of $2,000,016.90. Following the acquisition, the chief executive officer now owns 176,239 shares of the company’s stock, valued at $8,470,046.34. This trade represents a 30.91 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 8.33% of the company’s stock.

Tidewater Trading Down 0.6 %

Shares of TDW opened at $55.14 on Monday. Tidewater Inc. has a 1-year low of $46.50 and a 1-year high of $111.42. The company has a market capitalization of $2.89 billion, a P/E ratio of 16.22 and a beta of 1.06. 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 firm’s 50 day simple moving average is $52.55 and its 200 day simple moving average is $67.04.

Tidewater (NYSE:TDW) last posted its quarterly earnings data on Thursday, November 7th. The oil and gas company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.08. The firm had revenue of $340.36 million for the quarter, compared to analysts’ expectations of $339.65 million. Tidewater had a net margin of 13.92% and a return on equity of 18.16%. During the same quarter last year, the company posted $0.77 EPS. Sell-side analysts forecast that Tidewater Inc. will post 3.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TDW has been the subject of a number of analyst reports. Raymond James downgraded Tidewater from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $131.00 to $102.00 in a research note on Monday, November 11th. Evercore ISI lowered Tidewater from an “outperform” rating to an “in-line” rating and lowered their target price for the company from $112.00 to $68.00 in a research note on Wednesday, January 15th. DNB Markets started coverage on shares of Tidewater in a research note on Friday, November 29th. They set a “buy” rating and a $70.00 price target on the stock. StockNews.com raised Tidewater from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Pickering Energy Partners lowered shares of Tidewater from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Tidewater currently has a consensus rating of “Moderate Buy” and an average price target of $91.60.

Tidewater Company 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.