Tidewater Inc. (NYSE:TDW) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its holdings in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 64.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 201,018 shares of the oil and gas company's stock after selling 361,987 shares during the period. Invesco Ltd. owned about 0.38% of Tidewater worth $10,998,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TDW. Fortitude Family Office LLC acquired a new position in Tidewater during the 4th quarter valued at approximately $33,000. AlphaQuest LLC boosted its holdings in shares of Tidewater by 177.4% during the fourth quarter. AlphaQuest LLC now owns 799 shares of the oil and gas company's stock valued at $44,000 after acquiring an additional 511 shares during the period. Headlands Technologies LLC bought a new position in shares of Tidewater during the fourth quarter worth about $53,000. EverSource Wealth Advisors LLC grew its position in shares of Tidewater by 45.5% during the fourth 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 during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Tidewater by 2,018.3% in the 4th quarter. Venturi Wealth Management LLC now owns 1,271 shares of the oil and gas company's stock worth $70,000 after acquiring an additional 1,211 shares during the period. 95.13% of the stock is owned by institutional investors and hedge funds.

Tidewater Trading Up 1.8 %

Tidewater stock opened at $33.85 on Wednesday. Tidewater Inc. has a 12-month low of $31.17 and a 12-month 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 stock has a market capitalization of $1.74 billion, a PE ratio of 9.96 and a beta of 0.70. The firm has a 50 day simple moving average of $41.54 and a 200-day simple moving average of $50.67.

Insiders Place Their Bets

In other Tidewater news, Director Robert Robotti purchased 25,000 shares of the business's stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $40.11 per share, with a total value of $1,002,750.00. Following the acquisition, the director now owns 2,208,670 shares of the company's stock, valued at $88,589,753.70. The trade was a 1.14 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TDW has been the subject of several recent analyst reports. Pickering Energy Partners cut shares of Tidewater from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Evercore ISI cut Tidewater from an "outperform" rating to an "in-line" rating and lowered their target price 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 assigned a buy rating to the stock. According to data from MarketBeat, Tidewater presently has an average rating of "Moderate Buy" and an average 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.

Want to see what other hedge funds are holding TDW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tidewater Inc. (NYSE:TDW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.