Tidewater Inc. (NYSE:TDW) Shares Bought by Mariner LLC

Mariner LLC increased its stake in Tidewater Inc. (NYSE:TDW - Free Report) by 152.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,864 shares of the oil and gas company's stock after purchasing an additional 13,820 shares during the quarter. Mariner LLC's holdings in Tidewater were worth $1,251,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TDW. Hodges Capital Management Inc. grew its stake in shares of 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 purchasing an additional 49,050 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in 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 worth $8,431,000 after buying an additional 29,721 shares during the last quarter. Barclays PLC increased its holdings 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 buying an additional 61,487 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Tidewater by 42,719.6% during the 4th 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 last quarter. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Tidewater during the 4th quarter worth $704,000. Institutional investors own 95.13% of the company's stock.

Tidewater Stock Performance

Shares of TDW opened at $36.37 on Friday. The company's 50 day moving average price is $40.38 and its 200 day moving average price is $49.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. Tidewater Inc. has a 52 week low of $31.17 and a 52 week high of $111.42. The company has a market capitalization of $1.87 billion, a PE ratio of 10.70 and a beta of 0.70.

Insider Buying and Selling at Tidewater

In other news, Director Robert Robotti acquired 25,000 shares of the company's stock in a transaction that occurred 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 acquisition, the director now owns 2,208,670 shares of the company's stock, valued at approximately $88,589,753.70. This represents a 1.14 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.33% of the company's stock.

Analysts Set New Price Targets

TDW has been the topic of a number of recent analyst reports. Pickering Energy Partners lowered Tidewater from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Evercore ISI lowered shares of Tidewater from an "outperform" rating to an "in-line" rating and reduced their price objective for the company from $112.00 to $68.00 in a research note on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.

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