Alpine Woods Capital Investors LLC lessened its holdings in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 85.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,819 shares of the oil and gas company's stock after selling 23,073 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in Tidewater were worth $209,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of TDW. Tidal Investments LLC grew its position in shares of Tidewater by 8.1% in the 3rd quarter. Tidal Investments LLC now owns 3,575 shares of the oil and gas company's stock worth $257,000 after acquiring an additional 267 shares in the last quarter. Glenmede Trust Co. NA grew its position in shares of Tidewater by 3.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,479 shares of the oil and gas company's stock worth $680,000 after acquiring an additional 321 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Tidewater by 45.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company's stock worth $58,000 after acquiring an additional 333 shares in the last quarter. Tectonic Advisors LLC grew its position in shares of Tidewater by 2.3% in the 4th quarter. Tectonic Advisors LLC now owns 17,574 shares of the oil and gas company's stock worth $961,000 after acquiring an additional 402 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in shares of Tidewater by 9.5% in the 4th quarter. Private Advisor Group LLC now owns 5,315 shares of the oil and gas company's stock worth $291,000 after acquiring an additional 463 shares in the last quarter. Institutional investors and hedge funds own 95.13% of the company's stock.
Insider Buying and Selling at Tidewater
In other Tidewater news, Director Robert Robotti bought 1,770 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $40.95 per share, with a total value of $72,481.50. Following the purchase, the director now directly owns 2,183,670 shares of the company's stock, valued at approximately $89,421,286.50. The trade was a 0.08 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 8.33% of the stock is owned by company insiders.
Tidewater Stock Performance
Tidewater stock traded down $0.13 during mid-day trading on Tuesday, hitting $41.32. 1,089,764 shares of the company's stock traded hands, compared to its average volume of 1,000,365. The firm has a 50 day moving average price of $51.03 and a 200 day moving average price of $57.59. The company has a quick ratio of 2.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.54. The company has a market cap of $2.13 billion, a PE ratio of 12.15 and a beta of 1.06. Tidewater Inc. has a one year low of $38.65 and a one year high of $111.42.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. DNB Markets assumed coverage on Tidewater in a research report on Friday, November 29th. They set a "buy" rating and a $70.00 price objective for the company. Pickering Energy Partners lowered Tidewater from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Evercore ISI lowered 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 report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $92.50.
Read Our Latest Stock Analysis on Tidewater
Tidewater Company Profile
(
Free Report)
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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