Barclays PLC raised its position in Tidewater Inc. (NYSE:TDW - Free Report) by 354.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,848 shares of the oil and gas company's stock after purchasing an additional 61,487 shares during the quarter. Barclays PLC owned about 0.15% of Tidewater worth $5,661,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sage Mountain Advisors LLC grew its holdings in shares of Tidewater by 4.8% during the second quarter. Sage Mountain Advisors LLC now owns 2,636 shares of the oil and gas company's stock worth $251,000 after purchasing an additional 120 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Tidewater by 0.7% in the second quarter. Natixis Advisors LLC now owns 26,520 shares of the oil and gas company's stock valued at $2,525,000 after purchasing an additional 174 shares during the period. Xponance Inc. boosted its stake in shares of Tidewater by 9.9% during the 2nd quarter. Xponance Inc. now owns 3,092 shares of the oil and gas company's stock worth $294,000 after acquiring an additional 279 shares in the last quarter. Quarry LP acquired a new stake in Tidewater in the second quarter valued at $27,000. Finally, Hollencrest Capital Management purchased a new position in Tidewater during the 2nd quarter valued at about $30,000. 95.13% of the stock is owned by institutional investors and hedge funds.
Tidewater Trading Up 0.7 %
TDW traded up $0.32 during mid-day trading on Friday, hitting $49.00. The stock had a trading volume of 3,796,784 shares, compared to its average volume of 932,400. 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 stock's fifty day simple moving average is $55.02 and its 200-day simple moving average is $76.26. Tidewater Inc. has a 1-year low of $46.50 and a 1-year high of $111.42. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 14.41 and a beta of 1.10.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on TDW. DNB Markets initiated coverage on Tidewater in a research report on Friday, November 29th. They issued a "buy" rating and a $70.00 price objective on the stock. StockNews.com raised Tidewater from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, Raymond James downgraded shares of 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 report on Monday, November 11th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $95.80.
Get Our Latest Research Report on TDW
Insider Buying and Selling at Tidewater
In other news, CEO Quintin Kneen bought 41,615 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $48.06 per share, for a total transaction of $2,000,016.90. Following the completion of the acquisition, the chief executive officer now owns 176,239 shares in the company, valued at approximately $8,470,046.34. This represents a 30.91 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 8.33% of the company's stock.
About Tidewater
(
Free Report)
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.
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