Tidewater Inc. (NYSE:TDW) Shares Bought by Cerity Partners LLC

Cerity Partners LLC boosted its position in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 173.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 608,245 shares of the oil and gas company's stock after buying an additional 385,779 shares during the quarter. Cerity Partners LLC owned 1.16% of Tidewater worth $43,666,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sei Investments Co. lifted its holdings in shares of Tidewater by 106.8% in the 1st quarter. Sei Investments Co. now owns 13,987 shares of the oil and gas company's stock worth $1,287,000 after acquiring an additional 7,225 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in Tidewater in the second quarter worth about $1,241,000. Raymond James & Associates boosted its position in shares of Tidewater by 11.9% during the third quarter. Raymond James & Associates now owns 93,682 shares of the oil and gas company's stock valued at $6,725,000 after buying an additional 9,952 shares during the period. Comerica Bank grew its stake in shares of Tidewater by 2,170.4% during the first quarter. Comerica Bank now owns 33,398 shares of the oil and gas company's stock valued at $3,073,000 after buying an additional 31,927 shares during the last quarter. Finally, Boston Partners grew its stake in shares of Tidewater by 11.7% during the first quarter. Boston Partners now owns 2,323,725 shares of the oil and gas company's stock valued at $214,055,000 after buying an additional 243,489 shares during the last quarter. 95.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on TDW. StockNews.com raised Tidewater from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Raymond James lowered Tidewater from a "strong-buy" rating to an "outperform" rating and reduced their target price for the stock from $131.00 to $102.00 in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Tidewater currently has an average rating of "Moderate Buy" and an average target price of $102.25.

Tidewater Trading Up 1.9 %

Shares of NYSE TDW traded up $0.99 during trading hours on Friday, reaching $53.52. The stock had a trading volume of 878,380 shares, compared to its average volume of 1,153,294. Tidewater Inc. has a 52-week low of $49.86 and a 52-week high of $111.42. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 15.74 and a beta of 1.14. The business's fifty day moving average price is $64.11 and its two-hundred day moving average price is $83.74. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54.

Tidewater declared that its Board of Directors has initiated a share buyback plan on Tuesday, August 6th that authorizes the company to repurchase $13.90 million in outstanding shares. This repurchase authorization authorizes the oil and gas company to repurchase up to 0.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

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.