Hosking Partners LLP Has $11.91 Million Holdings in Tidewater Inc. (NYSE:TDW)

Hosking Partners LLP cut its stake in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 217,763 shares of the oil and gas company's stock after selling 13,302 shares during the period. Hosking Partners LLP owned approximately 0.42% of Tidewater worth $11,914,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fortitude Family Office LLC purchased a new position in Tidewater in the 4th quarter worth about $33,000. Quarry LP increased its position in shares of Tidewater by 187.6% in the third quarter. Quarry LP now owns 814 shares of the oil and gas company's stock worth $58,000 after acquiring an additional 531 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new position in shares of Tidewater in the third quarter worth approximately $65,000. Venturi Wealth Management LLC raised its holdings in shares of Tidewater by 2,018.3% during the fourth quarter. Venturi Wealth Management LLC now owns 1,271 shares of the oil and gas company's stock valued at $70,000 after acquiring an additional 1,211 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Tidewater in the 4th quarter valued at approximately $95,000. 95.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. StockNews.com upgraded shares of Tidewater from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Raymond James lowered Tidewater from a "strong-buy" rating to an "outperform" rating and dropped their price target for the company from $131.00 to $102.00 in a research report on Monday, November 11th. Pickering Energy Partners downgraded Tidewater from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Evercore ISI cut Tidewater from an "outperform" rating to an "in-line" rating and lowered their target price for the company from $112.00 to $68.00 in a research note on Wednesday, January 15th. Finally, DNB Markets began coverage on shares of Tidewater in a research report on Friday, November 29th. They issued a "buy" rating and a $70.00 price target for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $92.50.

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Tidewater Stock Up 4.1 %

TDW stock traded up $1.67 during mid-day trading on Tuesday, hitting $42.32. The stock had a trading volume of 2,414,135 shares, compared to its average volume of 992,146. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 12.45 and a beta of 1.04. 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 $38.69 and a 1-year high of $111.42. The company has a fifty day moving average of $53.49 and a 200 day moving average of $60.90.

Insider Buying and Selling

In other Tidewater news, CEO Quintin Kneen bought 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, with a total value of $2,000,016.90. Following the completion of the transaction, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.33% of the stock is currently owned by corporate insiders.

Tidewater Company 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.