CenterBook Partners LP Decreases Stock Position in Tidewater Inc. (NYSE:TDW)

CenterBook Partners LP reduced its position in Tidewater Inc. (NYSE:TDW - Free Report) by 97.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,281 shares of the oil and gas company's stock after selling 309,805 shares during the period. CenterBook Partners LP's holdings in Tidewater were worth $398,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TDW. Vanguard Group Inc. lifted its holdings in Tidewater by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,486,286 shares of the oil and gas company's stock worth $300,155,000 after purchasing an additional 56,919 shares in the last quarter. Robotti Robert grew its stake in Tidewater by 1.1% during 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 acquiring an additional 28,083 shares in the last quarter. State Street Corp increased its holdings in Tidewater by 1.9% during the 3rd quarter. State Street Corp now owns 1,867,165 shares of the oil and gas company's stock worth $134,044,000 after acquiring an additional 35,318 shares during the period. Pacer Advisors Inc. lifted its stake in Tidewater by 42,719.6% in the 4th 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 in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Tidewater by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,092,887 shares of the oil and gas company's stock valued at $78,473,000 after purchasing an additional 5,713 shares during the period. 95.13% of the stock is owned by hedge funds and other institutional investors.

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Tidewater Price Performance

TDW stock traded down $1.56 during mid-day trading on Tuesday, hitting $32.20. 1,271,370 shares of the stock were exchanged, compared to its average volume of 1,071,184. The business has a fifty day moving average price of $43.62 and a 200 day moving average price of $52.00. Tidewater Inc. has a 12 month low of $31.17 and a 12 month high of $111.42. 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 has a market capitalization of $1.66 billion, a price-to-earnings ratio of 9.47 and a beta of 0.70.

Insider Activity at Tidewater

In other Tidewater news, Director Robert Robotti purchased 25,000 shares of Tidewater stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost 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 of the company's stock, valued at approximately $88,589,753.70. The trade was a 1.14 % increase in their ownership of the stock. The purchase 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 Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Evercore ISI lowered 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. Pickering Energy Partners lowered Tidewater from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.