Oxford Asset Management LLP Buys New Shares in Tidewater Inc. (NYSE:TDW)

Oxford Asset Management LLP purchased a new position in Tidewater Inc. (NYSE:TDW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,920 shares of the oil and gas company's stock, valued at approximately $762,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Nebula Research & Development LLC increased its position in shares of Tidewater by 84.2% in the 4th quarter. Nebula Research & Development LLC now owns 10,459 shares of the oil and gas company's stock worth $572,000 after purchasing an additional 4,780 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Tidewater by 20.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,306,313 shares of the oil and gas company's stock valued at $126,180,000 after buying an additional 390,814 shares during the period. Stifel Financial Corp boosted its holdings in shares of Tidewater by 463.2% in the 4th quarter. Stifel Financial Corp now owns 85,348 shares of the oil and gas company's stock valued at $4,669,000 after buying an additional 70,193 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Tidewater by 13.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,154 shares of the oil and gas company's stock valued at $227,000 after buying an additional 479 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in shares of Tidewater by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 29,772 shares of the oil and gas company's stock valued at $1,629,000 after buying an additional 1,635 shares during the period. Institutional investors own 95.13% of the company's stock.

Insiders Place Their Bets

In related news, Director Robert Robotti acquired 1,770 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $40.95 per share, for a total transaction of $72,481.50. Following the completion of the acquisition, the director now directly owns 2,183,670 shares of the company's stock, valued at approximately $89,421,286.50. The trade was a 0.08 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 8.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

Tidewater Stock Performance

NYSE TDW traded up $0.24 on Monday, hitting $36.59. The stock had a trading volume of 687,621 shares, compared to its average volume of 1,083,408. Tidewater Inc. has a one year low of $31.17 and a one year high of $111.42. The company has a quick ratio of 2.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.54. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 10.76 and a beta of 0.70. The company's 50-day moving average is $40.05 and its two-hundred day moving average is $49.62.

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.