Amitell Capital Pte Ltd Has $1.34 Million Holdings in Tidewater Inc. (NYSE:TDW)

Amitell Capital Pte Ltd grew its position in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 227.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,459 shares of the oil and gas company's stock after purchasing an additional 17,000 shares during the quarter. Tidewater makes up 1.1% of Amitell Capital Pte Ltd's holdings, making the stock its 23rd biggest holding. Amitell Capital Pte Ltd's holdings in Tidewater were worth $1,338,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TDW. Pacer Advisors Inc. increased its stake in shares of Tidewater by 42,719.6% in the fourth quarter. Pacer Advisors Inc. now owns 1,394,207 shares of the oil and gas company's stock valued at $76,277,000 after buying an additional 1,390,951 shares during the period. Norges Bank bought a new stake in Tidewater in the fourth quarter valued at approximately $32,388,000. Renaissance Technologies LLC acquired a new stake in Tidewater during the 4th quarter valued at approximately $7,204,000. Villere ST Denis J & Co. LLC raised its holdings in Tidewater by 35.1% during the 4th quarter. Villere ST Denis J & Co. LLC now owns 486,808 shares of the oil and gas company's stock worth $26,633,000 after purchasing an additional 126,441 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its position in shares of Tidewater by 135.6% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 219,183 shares of the oil and gas company's stock worth $11,992,000 after purchasing an additional 126,162 shares during the period. 95.13% of the stock is owned by institutional investors.

Remove Ads

Tidewater Stock Up 4.8 %

NYSE:TDW traded up $1.62 during trading hours on Friday, reaching $35.30. The company had a trading volume of 1,032,650 shares, compared to its average volume of 1,065,902. Tidewater Inc. has a twelve month low of $31.17 and a twelve month high of $111.42. The company has a quick ratio of 2.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.54. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 10.38 and a beta of 0.70. The business's 50-day simple moving average is $44.48 and its two-hundred day simple moving average is $52.53.

Insider Transactions at Tidewater

In other news, Director Robert Robotti bought 25,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $40.11 per share, with a total value of $1,002,750.00. Following the completion of the transaction, the director now directly owns 2,208,670 shares of the company's stock, valued at $88,589,753.70. This trade represents a 1.14 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 8.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TDW shares. 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 downgraded Tidewater from an "outperform" rating to an "in-line" rating and dropped their price objective for the company from $112.00 to $68.00 in a research note on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $92.50.

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.