39,600 Shares in Tidewater Inc. (NYSE:TDW) Acquired by Tejara Capital Ltd

Tejara Capital Ltd bought a new position in Tidewater Inc. (NYSE:TDW - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 39,600 shares of the oil and gas company's stock, valued at approximately $2,167,000. Tidewater comprises approximately 1.4% of Tejara Capital Ltd's portfolio, making the stock its 21st largest position. Tejara Capital Ltd owned about 0.08% of Tidewater at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Centiva Capital LP acquired a new stake in shares of Tidewater in the third quarter valued at approximately $958,000. Hodges Capital Management Inc. increased its stake in shares of Tidewater by 103.0% in the fourth quarter. Hodges Capital Management Inc. now owns 96,650 shares of the oil and gas company's stock valued at $5,288,000 after purchasing an additional 49,050 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Tidewater by 23.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 154,112 shares of the oil and gas company's stock valued at $8,431,000 after purchasing an additional 29,721 shares during the period. Citigroup Inc. increased its stake in shares of Tidewater by 75.2% in the third quarter. Citigroup Inc. now owns 58,411 shares of the oil and gas company's stock valued at $4,193,000 after purchasing an additional 25,064 shares during the period. Finally, Barclays PLC increased its stake in shares of Tidewater by 354.2% in the third quarter. Barclays PLC now owns 78,848 shares of the oil and gas company's stock valued at $5,661,000 after purchasing an additional 61,487 shares during the period. Institutional investors own 95.13% of the company's stock.

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Tidewater Price Performance

Shares of NYSE TDW traded down $0.87 during mid-day trading on Friday, reaching $42.04. 2,565,276 shares of the company traded hands, compared to its average volume of 1,008,302. Tidewater Inc. has a fifty-two week low of $38.65 and a fifty-two week 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 firm has a market cap of $2.16 billion, a PE ratio of 12.36 and a beta of 1.06. The stock has a fifty day simple moving average of $49.91 and a 200-day simple moving average of $56.73.

Analysts Set New Price Targets

Several brokerages have commented on TDW. Evercore ISI lowered shares of Tidewater from an "outperform" rating to an "in-line" rating and dropped their price target for the company from $112.00 to $68.00 in a research note on Wednesday, January 15th. Pickering Energy Partners lowered shares of Tidewater from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, DNB Markets started coverage on shares of Tidewater in a research note on Friday, November 29th. They set a "buy" rating and a $70.00 price objective on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $92.50.

Insider Activity at Tidewater

In other Tidewater news, Director Robert Robotti purchased 25,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $40.11 per share, for a total transaction of $1,002,750.00. Following the completion of the transaction, the director now owns 2,208,670 shares in the company, valued at $88,589,753.70. This represents a 1.14 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.33% of the company's stock.

Tidewater 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.