Sagil Capital LLP Acquires New Holdings in Tidewater Inc. (NYSE:TDW)

Sagil Capital LLP bought a new stake in shares of Tidewater Inc. (NYSE:TDW - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 120,000 shares of the oil and gas company's stock, valued at approximately $6,565,000. Tidewater comprises approximately 3.0% of Sagil Capital LLP's investment portfolio, making the stock its 6th biggest holding. Sagil Capital LLP owned 0.23% of Tidewater at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. 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 valued at $300,155,000 after purchasing an additional 56,919 shares during the period. Robotti Robert raised its stake in shares of Tidewater by 1.1% in the 4th quarter. Robotti Robert now owns 2,632,980 shares of the oil and gas company's stock valued at $144,050,000 after buying an additional 28,083 shares in the last quarter. State Street Corp lifted its holdings in shares of Tidewater by 1.9% during the 3rd quarter. State Street Corp now owns 1,867,165 shares of the oil and gas company's stock worth $134,044,000 after acquiring an additional 35,318 shares during the period. Pacer Advisors Inc. increased its stake in Tidewater by 42,719.6% in the fourth quarter. Pacer Advisors Inc. now owns 1,394,207 shares of the oil and gas company's stock valued at $76,277,000 after acquiring an additional 1,390,951 shares during the period. Finally, Geode Capital Management LLC raised its position in Tidewater by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,092,887 shares of the oil and gas company's stock worth $78,473,000 after purchasing an additional 5,713 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other Tidewater news, Director Robert Robotti purchased 25,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $40.11 per share, with a total value of $1,002,750.00. Following the completion of the purchase, the director now directly owns 2,208,670 shares in the company, valued at approximately $88,589,753.70. This represents a 1.14 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.33% of the stock is currently owned by corporate insiders.

Tidewater Price Performance

NYSE TDW traded down $0.78 on Friday, hitting $43.41. 839,564 shares of the company were exchanged, compared to its average volume of 1,035,996. Tidewater Inc. has a 1-year low of $38.65 and a 1-year high of $111.42. The company has a market cap of $2.23 billion, a P/E ratio of 12.77 and a beta of 1.06. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $48.75 and a two-hundred day moving average of $55.47.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TDW. Evercore ISI downgraded Tidewater from an "outperform" rating to an "in-line" rating and decreased their price objective for the company from $112.00 to $68.00 in a report on Wednesday, January 15th. Pickering Energy Partners lowered Tidewater from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.