12,595 Shares in Tidewater Inc. (NYSE:TDW) Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new position in shares of Tidewater Inc. (NYSE:TDW - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,595 shares of the oil and gas company's stock, valued at approximately $904,000.

A number of other institutional investors have also modified their holdings of the stock. Intech Investment Management LLC purchased a new position in Tidewater during the third quarter valued at approximately $1,788,000. Advisors Asset Management Inc. increased its position in shares of Tidewater by 58.8% during the third quarter. Advisors Asset Management Inc. now owns 3,510 shares of the oil and gas company's stock worth $252,000 after purchasing an additional 1,299 shares in the last quarter. Empowered Funds LLC increased its position in shares of Tidewater by 15.1% during the third quarter. Empowered Funds LLC now owns 56,252 shares of the oil and gas company's stock worth $4,038,000 after purchasing an additional 7,367 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Tidewater during the third quarter worth $243,000. Finally, Crossmark Global Holdings Inc. increased its position in shares of Tidewater by 31.1% during the third quarter. Crossmark Global Holdings Inc. now owns 4,064 shares of the oil and gas company's stock worth $292,000 after purchasing an additional 963 shares in the last quarter. 95.13% of the stock is owned by hedge funds and other institutional investors.

Tidewater Stock Performance

NYSE:TDW traded up $0.99 during mid-day trading on Friday, hitting $53.52. The company's stock had a trading volume of 878,380 shares, compared to its average volume of 1,153,294. Tidewater Inc. has a 1 year low of $49.86 and a 1 year high of $111.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.29 and a quick ratio of 2.19. The stock 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 is $64.47 and its two-hundred day moving average is $84.29.

Tidewater announced that its board has initiated a stock repurchase program on Tuesday, August 6th that permits the company to buyback $13.90 million in outstanding shares. This buyback authorization permits the oil and gas company to purchase up to 0.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TDW shares. StockNews.com raised Tidewater from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Raymond James downgraded Tidewater from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from $131.00 to $102.00 in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Tidewater presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.25.

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.