Cerity Partners LLC Decreases Stock Position in Tidewater Inc. (NYSE:TDW)

Cerity Partners LLC lessened its stake in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 535,862 shares of the oil and gas company's stock after selling 72,383 shares during the quarter. Cerity Partners LLC owned about 1.02% of Tidewater worth $29,317,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased 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 grew its stake in shares of Tidewater by 1.1% during the 4th 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 period. State Street Corp increased its position in shares of 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 valued at $134,044,000 after purchasing an additional 35,318 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Tidewater by 42,719.6% during the 4th quarter. Pacer Advisors Inc. now owns 1,394,207 shares of the oil and gas company's stock valued at $76,277,000 after purchasing an additional 1,390,951 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of 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 worth $78,473,000 after purchasing an additional 5,713 shares during the period. 95.13% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Pickering Energy Partners lowered shares of Tidewater from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Evercore ISI downgraded shares of Tidewater from an "outperform" rating to an "in-line" rating and cut their price objective for the company from $112.00 to $68.00 in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.50.

Tidewater Price Performance

Shares of TDW traded down $0.39 during trading hours on Monday, reaching $34.95. 216,575 shares of the stock traded hands, compared to its average volume of 1,064,420. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. The company's 50-day moving average price is $44.48 and its two-hundred day moving average price is $52.40. The company has a market cap of $1.80 billion, a P/E ratio of 10.28 and a beta of 0.70. Tidewater Inc. has a 52-week low of $31.17 and a 52-week high of $111.42.

Insider Transactions at Tidewater

In other Tidewater news, Director Robert Robotti purchased 25,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $40.11 per share, with a total value of $1,002,750.00. Following the acquisition, the director now owns 2,208,670 shares in the company, valued at approximately $88,589,753.70. This trade represents a 1.14 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.33% of the company's stock.

About Tidewater

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.