Montag A & Associates Inc. Sells 62,141 Shares of Tidewater Inc. (NYSE:TDW)

Montag A & Associates Inc. trimmed its position in Tidewater Inc. (NYSE:TDW - Free Report) by 29.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 151,834 shares of the oil and gas company's stock after selling 62,141 shares during the period. Montag A & Associates Inc. owned approximately 0.29% of Tidewater worth $8,307,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TDW. Empire Life Investments Inc. increased its position in shares of Tidewater by 29.6% in the fourth quarter. Empire Life Investments Inc. now owns 380,890 shares of the oil and gas company's stock valued at $20,838,000 after acquiring an additional 87,006 shares during the last quarter. Villere ST Denis J & Co. LLC increased its position in shares of Tidewater by 35.1% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 486,808 shares of the oil and gas company's stock valued at $26,633,000 after acquiring an additional 126,441 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Tidewater by 17.5% in the fourth quarter. Van ECK Associates Corp now owns 836,253 shares of the oil and gas company's stock valued at $45,752,000 after acquiring an additional 124,610 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of Tidewater in the fourth quarter valued at about $368,000. Finally, Tectonic Advisors LLC increased its position in shares of Tidewater by 2.3% in the fourth quarter. Tectonic Advisors LLC now owns 17,574 shares of the oil and gas company's stock valued at $961,000 after acquiring an additional 402 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors.

Tidewater Price Performance

Shares of TDW stock traded down $2.42 during trading on Wednesday, hitting $52.84. The company had a trading volume of 746,314 shares, compared to its average volume of 933,683. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. The firm has a market capitalization of $2.76 billion, a P/E ratio of 15.54 and a beta of 1.04. The stock's 50-day moving average price is $53.62 and its 200 day moving average price is $63.29. Tidewater Inc. has a one year low of $46.50 and a one year high of $111.42.

Insider Activity at Tidewater

In related news, CEO Quintin Kneen purchased 41,615 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $48.06 per share, for a total transaction of $2,000,016.90. Following the completion of the purchase, the chief executive officer now owns 176,239 shares in the company, valued at approximately $8,470,046.34. This represents a 30.91 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on TDW. Evercore ISI downgraded 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 report on Wednesday, January 15th. StockNews.com raised Tidewater from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. DNB Markets assumed coverage on Tidewater in a research report on Friday, November 29th. They set a "buy" rating and a $70.00 price target on the stock. Raymond James downgraded Tidewater from a "strong-buy" rating to an "outperform" rating and lowered their price target for the stock from $131.00 to $102.00 in a research report on Monday, November 11th. Finally, Pickering Energy Partners cut Tidewater from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Tidewater currently has an average rating of "Moderate Buy" and an average target price of $92.50.

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.