Thompson Siegel & Walmsley LLC Increases Holdings in Tidewater Inc. (NYSE:TDW)

Thompson Siegel & Walmsley LLC boosted its position in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 135.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,183 shares of the oil and gas company's stock after acquiring an additional 126,162 shares during the period. Thompson Siegel & Walmsley LLC owned 0.42% of Tidewater worth $11,992,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TDW. Centiva Capital LP bought a new position in shares of Tidewater in the third quarter worth $958,000. Hodges Capital Management Inc. increased its stake in Tidewater by 103.0% in the 4th quarter. Hodges Capital Management Inc. now owns 96,650 shares of the oil and gas company's stock worth $5,288,000 after acquiring an additional 49,050 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Tidewater by 23.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 154,112 shares of the oil and gas company's stock valued at $8,431,000 after acquiring an additional 29,721 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Tidewater by 75.2% in the 3rd quarter. Citigroup Inc. now owns 58,411 shares of the oil and gas company's stock valued at $4,193,000 after acquiring an additional 25,064 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Tidewater by 354.2% during the third quarter. Barclays PLC now owns 78,848 shares of the oil and gas company's stock worth $5,661,000 after purchasing an additional 61,487 shares in the last quarter. Institutional investors own 95.13% of the company's stock.

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Tidewater Trading Down 0.3 %

Shares of Tidewater stock traded down $0.13 during trading on Tuesday, reaching $41.32. The company's stock had a trading volume of 1,089,764 shares, compared to its average volume of 1,000,365. The company has a quick ratio of 2.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.54. Tidewater Inc. has a 52-week low of $38.65 and a 52-week high of $111.42. The firm's 50-day moving average is $51.03 and its two-hundred day moving average is $57.59. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 12.15 and a beta of 1.06.

Insiders Place Their Bets

In related news, Director Robert Robotti acquired 25,000 shares of the firm's stock in a transaction dated 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 acquisition, the director now owns 2,208,670 shares in the company, valued at approximately $88,589,753.70. This represents a 1.14 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 8.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

TDW has been the topic of a number of recent analyst reports. Pickering Energy Partners downgraded shares of Tidewater from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Evercore ISI downgraded shares of Tidewater from an "outperform" rating to an "in-line" rating and dropped their price objective for the stock from $112.00 to $68.00 in a report on Wednesday, January 15th. Finally, DNB Markets initiated coverage on Tidewater in a research note on Friday, November 29th. They issued a "buy" rating and a $70.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $92.50.

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.