Tidewater Inc. (NYSE:TDW) Stake Raised by Robotti Robert

Robotti Robert raised its holdings in Tidewater Inc. (NYSE:TDW - Free Report) by 1.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,632,980 shares of the oil and gas company's stock after acquiring an additional 28,083 shares during the quarter. Tidewater makes up 25.3% of Robotti Robert's holdings, making the stock its largest holding. Robotti Robert owned about 5.03% of Tidewater worth $144,050,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Tidewater by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,486,286 shares of the oil and gas company's stock worth $300,155,000 after acquiring an additional 56,919 shares during the period. LPL Financial LLC raised its position in Tidewater by 23.2% during the 4th quarter. LPL Financial LLC now owns 6,944 shares of the oil and gas company's stock valued at $380,000 after purchasing an additional 1,309 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Tidewater in the 4th quarter worth $131,000. American Century Companies Inc. grew its position in shares of Tidewater by 64.7% during the 4th quarter. American Century Companies Inc. now owns 47,523 shares of the oil and gas company's stock worth $2,600,000 after buying an additional 18,673 shares in the last quarter. Finally, Tejara Capital Ltd bought a new stake in shares of Tidewater in the fourth quarter valued at about $2,167,000. Hedge funds and other institutional investors own 95.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TDW shares. Evercore ISI downgraded shares of Tidewater from an "outperform" rating to an "in-line" rating and cut their target price for the company from $112.00 to $68.00 in a research 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 assigned a buy rating to the stock. According to MarketBeat.com, Tidewater presently has an average rating of "Moderate Buy" and an average price target of $92.50.

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Insider Transactions at Tidewater

In related news, Director Robert Robotti acquired 25,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $40.11 per share, with a total value of $1,002,750.00. Following the transaction, the director now directly owns 2,208,670 shares of the company's stock, valued at $88,589,753.70. This trade represents a 1.14 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 8.33% of the company's stock.

Tidewater Stock Down 1.8 %

Shares of NYSE:TDW traded down $0.78 during trading on Friday, reaching $43.41. The stock had a trading volume of 839,564 shares, compared to its average volume of 1,035,996. The firm's 50-day simple moving average is $48.75 and its 200 day simple moving average is $55.47. 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 one year low of $38.65 and a one year high of $111.42. The company has a market capitalization of $2.23 billion, a P/E ratio of 12.77 and a beta of 1.06.

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.