Vanguard Group Inc. Has $300.16 Million Stake in Tidewater Inc. (NYSE:TDW)

Vanguard Group Inc. grew its holdings in shares of Tidewater Inc. (NYSE:TDW) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,486,286 shares of the oil and gas company’s stock after purchasing an additional 56,919 shares during the period. Vanguard Group Inc. owned about 10.49% of Tidewater worth $300,155,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TDW. Tidal Investments LLC grew its position in Tidewater by 8.1% during the third quarter. Tidal Investments LLC now owns 3,575 shares of the oil and gas company’s stock worth $257,000 after buying an additional 267 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Tidewater by 45.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company’s stock valued at $58,000 after acquiring an additional 333 shares during the period. Tectonic Advisors LLC grew its holdings in shares of Tidewater by 2.3% during the 4th quarter. Tectonic Advisors LLC now owns 17,574 shares of the oil and gas company’s stock worth $961,000 after purchasing an additional 402 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Tidewater by 9.5% in the fourth quarter. Private Advisor Group LLC now owns 5,315 shares of the oil and gas company’s stock worth $291,000 after purchasing an additional 463 shares during the period. Finally, AlphaQuest LLC raised its stake in Tidewater by 177.4% in the fourth quarter. AlphaQuest LLC now owns 799 shares of the oil and gas company’s stock valued at $44,000 after purchasing an additional 511 shares in the last quarter. 95.13% of the stock is owned by institutional investors.

Insider Activity at Tidewater

In other news, Director Robert Robotti acquired 25,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $40.11 per share, with a total value of $1,002,750.00. Following the acquisition, the director now directly owns 2,208,670 shares in the company, valued at $88,589,753.70. The trade was a 1.14 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 8.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TDW. Pickering Energy Partners downgraded shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Evercore ISI lowered shares of Tidewater from an “outperform” rating to an “in-line” rating and reduced their price target for the stock from $112.00 to $68.00 in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Tidewater has an average rating of “Moderate Buy” and a consensus price target of $92.50.

Tidewater Stock Down 8.2 %

Shares of NYSE TDW opened at $34.65 on Friday. The stock has a 50-day moving average price of $47.22 and a two-hundred day moving average price of $54.50. Tidewater Inc. has a 12 month low of $33.19 and a 12 month high of $111.42. 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 company has a market cap of $1.78 billion, a price-to-earnings ratio of 10.19 and a beta of 1.06.

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.