Tidewater Inc. (NYSE:TDW) Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its holdings in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 64.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,523 shares of the oil and gas company's stock after purchasing an additional 18,673 shares during the period. American Century Companies Inc. owned approximately 0.09% of Tidewater worth $2,600,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Fortitude Family Office LLC bought a new position in Tidewater in the fourth quarter worth approximately $33,000. AlphaQuest LLC grew its stake in Tidewater by 177.4% during the fourth quarter. AlphaQuest LLC now owns 799 shares of the oil and gas company's stock valued at $44,000 after acquiring an additional 511 shares in the last quarter. Quarry LP lifted its position in shares of Tidewater by 187.6% in the third quarter. Quarry LP now owns 814 shares of the oil and gas company's stock worth $58,000 after buying an additional 531 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 worth $58,000 after acquiring an additional 333 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of Tidewater by 2,018.3% in the 4th quarter. Venturi Wealth Management LLC now owns 1,271 shares of the oil and gas company's stock worth $70,000 after buying an additional 1,211 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors.

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Insider Transactions at Tidewater

In other news, Director Robert Robotti bought 25,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $40.11 per share, for a total transaction of $1,002,750.00. Following the completion of the transaction, the director now directly owns 2,208,670 shares in the company, valued at approximately $88,589,753.70. This represents a 1.14 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.33% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on TDW shares. Evercore ISI cut Tidewater from an "outperform" rating to an "in-line" rating and dropped their target price for the stock from $112.00 to $68.00 in a report on Wednesday, January 15th. Pickering Energy Partners lowered 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 three have issued a buy rating to the stock. Based on data from MarketBeat.com, Tidewater presently has a consensus rating of "Moderate Buy" and an average target price of $92.50.

Tidewater Stock Up 4.8 %

Shares of TDW stock traded up $1.62 during mid-day trading on Friday, hitting $35.30. 1,032,650 shares of the stock traded hands, compared to its average volume of 1,065,902. The stock's fifty day moving average is $44.48 and its two-hundred day moving average is $52.53. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.29 and a quick ratio of 2.19. Tidewater Inc. has a 52-week low of $31.17 and a 52-week high of $111.42. The stock has a market cap of $1.82 billion, a P/E ratio of 10.38 and a beta of 0.70.

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.