Centiva Capital LP Makes New Investment in Tidewater Inc. (NYSE:TDW)

Centiva Capital LP purchased a new stake in Tidewater Inc. (NYSE:TDW - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,350 shares of the oil and gas company's stock, valued at approximately $958,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TDW. Sage Mountain Advisors LLC increased its stake in shares of Tidewater by 4.8% in the 2nd quarter. Sage Mountain Advisors LLC now owns 2,636 shares of the oil and gas company's stock valued at $251,000 after purchasing an additional 120 shares in the last quarter. GAMMA Investing LLC increased its holdings in Tidewater by 135.4% in the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the oil and gas company's stock worth $25,000 after acquiring an additional 153 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Tidewater by 0.7% during the 2nd quarter. Natixis Advisors LLC now owns 26,520 shares of the oil and gas company's stock worth $2,525,000 after purchasing an additional 174 shares during the last quarter. Xponance Inc. lifted its position in shares of Tidewater by 9.9% in the second quarter. Xponance Inc. now owns 3,092 shares of the oil and gas company's stock valued at $294,000 after acquiring an additional 279 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Tidewater in the second quarter worth approximately $27,000. 95.13% of the stock is owned by institutional investors and hedge funds.

Tidewater Trading Down 5.8 %

NYSE TDW traded down $2.90 during trading hours on Friday, reaching $47.00. The company had a trading volume of 1,205,094 shares, compared to its average volume of 906,672. Tidewater Inc. has a 1-year low of $46.50 and a 1-year high of $111.42. The stock has a market capitalization of $2.46 billion, a P/E ratio of 13.73 and a beta of 1.10. The stock has a 50-day moving average of $59.85 and a 200 day moving average of $80.44. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TDW shares. Raymond James cut shares of Tidewater from a "strong-buy" rating to an "outperform" rating and reduced their target price for the company from $131.00 to $102.00 in a research report on Monday, November 11th. StockNews.com upgraded shares of Tidewater from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. Finally, DNB Markets began coverage on Tidewater in a report on Friday, November 29th. They set a "buy" rating and a $70.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.80.

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.