Harbor Capital Advisors Inc. Has $8.43 Million Stock Position in Tidewater Inc. (NYSE:TDW)

Harbor Capital Advisors Inc. boosted its stake in Tidewater Inc. (NYSE:TDW - Free Report) by 23.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 154,112 shares of the oil and gas company's stock after buying an additional 29,721 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.29% of Tidewater worth $8,431,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TDW. Victory Capital Management Inc. increased its holdings in shares of Tidewater by 10.1% in the 2nd quarter. Victory Capital Management Inc. now owns 250,025 shares of the oil and gas company's stock valued at $23,805,000 after acquiring an additional 22,845 shares during the last quarter. Headlands Technologies LLC grew its position in shares of Tidewater by 6,322.2% during the second quarter. Headlands Technologies LLC now owns 1,156 shares of the oil and gas company's stock worth $110,000 after acquiring an additional 1,138 shares during the last quarter. CoreCap Advisors LLC acquired a new position in shares of Tidewater in the 2nd quarter valued at $439,000. Virtu Financial LLC purchased a new stake in Tidewater in the 2nd quarter valued at $1,136,000. Finally, Bradley Foster & Sargent Inc. CT purchased a new position in Tidewater in the 2nd quarter valued at $1,093,000. 95.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Quintin Kneen purchased 41,615 shares of the firm's stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $48.06 per share, for a total transaction of $2,000,016.90. Following the completion of the acquisition, the chief executive officer now directly owns 176,239 shares of the company's stock, valued at approximately $8,470,046.34. The trade was a 30.91 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.33% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TDW. StockNews.com raised Tidewater from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. DNB Markets assumed coverage on shares of Tidewater in a research note on Friday, November 29th. They set a "buy" rating and a $70.00 target price for the company. Finally, Raymond James lowered Tidewater from a "strong-buy" rating to an "outperform" rating and lowered their target price for the stock from $131.00 to $102.00 in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Tidewater has a consensus rating of "Moderate Buy" and a consensus target price of $95.80.

Tidewater Stock Down 0.7 %

NYSE TDW traded down $0.38 on Friday, reaching $55.46. The stock had a trading volume of 1,348,159 shares, compared to its average volume of 1,085,243. 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 Inc. has a 1 year low of $46.50 and a 1 year high of $111.42. The business has a 50 day moving average price of $52.67 and a 200 day moving average price of $71.99. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 16.31 and a beta of 1.06.

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.