Steward Partners Investment Advisory LLC Buys 1,224 Shares of Tidewater Inc. (NYSE:TDW)

Steward Partners Investment Advisory LLC raised its holdings in Tidewater Inc. (NYSE:TDW) by 336.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,588 shares of the oil and gas company’s stock after buying an additional 1,224 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Tidewater were worth $87,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TDW. Crossmark Global Holdings Inc. increased its holdings in Tidewater by 31.1% during the third quarter. Crossmark Global Holdings Inc. now owns 4,064 shares of the oil and gas company’s stock worth $292,000 after buying an additional 963 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Tidewater during the third quarter worth about $243,000. Empowered Funds LLC increased its stake in shares of Tidewater by 15.1% in the third quarter. Empowered Funds LLC now owns 56,252 shares of the oil and gas company’s stock worth $4,038,000 after purchasing an additional 7,367 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Tidewater by 58.8% in the third quarter. Advisors Asset Management Inc. now owns 3,510 shares of the oil and gas company’s stock worth $252,000 after purchasing an additional 1,299 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Tidewater in the third quarter worth about $1,788,000. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Tidewater Trading Up 2.7 %

TDW stock opened at $41.48 on Tuesday. The company has a market capitalization of $2.14 billion, a PE ratio of 12.20 and a beta of 1.06. Tidewater Inc. has a one year low of $38.65 and a one year high of $111.42. The company’s 50 day moving average price is $51.03 and its two-hundred day moving average price is $57.59. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Evercore ISI lowered shares of Tidewater from an “outperform” rating to an “in-line” rating and cut their price objective for the company from $112.00 to $68.00 in a research report on Wednesday, January 15th. Pickering Energy Partners lowered shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, DNB Markets began coverage on shares of Tidewater in a research report on Friday, November 29th. They set a “buy” rating and a $70.00 target price for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Tidewater has an average rating of “Moderate Buy” and a consensus price target of $92.50.

Insiders Place Their Bets

In related news, Director Robert Robotti acquired 25,000 shares of Tidewater stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $40.11 per share, with a total value of $1,002,750.00. Following the transaction, the director now owns 2,208,670 shares in the company, valued at $88,589,753.70. This trade represents a 1.14 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 8.33% of the company’s stock.

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.