Bryce Point Capital LLC acquired a new position in shares of Tidewater Inc. (NYSE:TDW - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 22,318 shares of the oil and gas company's stock, valued at approximately $1,221,000.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Tidewater by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,486,286 shares of the oil and gas company's stock valued at $300,155,000 after acquiring an additional 56,919 shares during the last quarter. Robotti Robert lifted its position in Tidewater by 1.1% in the fourth quarter. Robotti Robert now owns 2,632,980 shares of the oil and gas company's stock valued at $144,050,000 after purchasing an additional 28,083 shares during the last quarter. State Street Corp boosted its stake in shares of Tidewater by 1.9% during the third quarter. State Street Corp now owns 1,867,165 shares of the oil and gas company's stock valued at $134,044,000 after purchasing an additional 35,318 shares during the period. Pacer Advisors Inc. grew its holdings 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 worth $76,277,000 after purchasing an additional 1,390,951 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Tidewater by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,092,887 shares of the oil and gas company's stock worth $78,473,000 after buying an additional 5,713 shares during the period. Hedge funds and other institutional investors own 95.13% of the company's stock.
Tidewater Stock Down 1.6 %
TDW traded down $0.55 on Tuesday, hitting $34.93. The company had a trading volume of 411,994 shares, compared to its average volume of 1,043,034. The stock has a fifty day simple moving average of $46.83 and a 200-day simple moving average of $53.94. 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 firm has a market capitalization of $1.80 billion, a P/E ratio of 10.27 and a beta of 0.70. Tidewater Inc. has a 52-week low of $33.00 and a 52-week high of $111.42.
Analyst Ratings Changes
Several equities analysts have recently commented 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 cut Tidewater from an "outperform" rating to an "in-line" rating and dropped their price objective for the stock from $112.00 to $68.00 in a 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 data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $92.50.
Read Our Latest Report on Tidewater
Insider Activity
In related news, Director Robert Robotti acquired 1,770 shares of the stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $40.95 per share, for a total transaction of $72,481.50. Following the completion of the purchase, the director now owns 2,183,670 shares of the company's stock, valued at $89,421,286.50. This represents a 0.08 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.33% of the stock is currently owned by company insiders.
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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