Tidewater Inc. (NYSE:TDW) Shares Sold by Marshall Wace LLP

Marshall Wace LLP decreased its holdings in Tidewater Inc. (NYSE:TDW - Free Report) by 65.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 204,718 shares of the oil and gas company's stock after selling 382,067 shares during the period. Marshall Wace LLP owned about 0.39% of Tidewater worth $11,200,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of TDW. Pacer Advisors Inc. raised its position in shares of Tidewater by 42,719.6% in the 4th quarter. Pacer Advisors Inc. now owns 1,394,207 shares of the oil and gas company's stock worth $76,277,000 after acquiring an additional 1,390,951 shares in the last quarter. Norges Bank purchased a new position in Tidewater in the fourth quarter valued at about $32,388,000. Renaissance Technologies LLC bought a new position in Tidewater in the fourth quarter worth about $7,204,000. Villere ST Denis J & Co. LLC lifted its position in shares of Tidewater by 35.1% during the fourth quarter. Villere ST Denis J & Co. LLC now owns 486,808 shares of the oil and gas company's stock valued at $26,633,000 after buying an additional 126,441 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of Tidewater by 135.6% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 219,183 shares of the oil and gas company's stock valued at $11,992,000 after buying an additional 126,162 shares in the last quarter. Hedge funds and other institutional investors own 95.13% of the company's stock.

Tidewater Stock Performance

Shares of NYSE TDW traded up $0.33 during midday trading on Friday, reaching $36.37. The company had a trading volume of 743,773 shares, compared to its average volume of 1,080,131. Tidewater Inc. has a 1 year low of $31.17 and a 1 year high of $111.42. The business's 50-day simple moving average is $40.76 and its 200 day simple moving average is $50.32. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. The stock has a market cap of $1.87 billion, a P/E ratio of 10.70 and a beta of 0.70.

Insider Buying and Selling

In other Tidewater news, Director Robert Robotti bought 25,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $40.11 per share, for a total transaction of $1,002,750.00. Following the completion of the transaction, the director now directly owns 2,208,670 shares of the company's stock, valued at approximately $88,589,753.70. This trade represents a 1.14 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TDW shares. 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 lowered Tidewater from an "outperform" rating to an "in-line" rating and decreased their price objective for the company from $112.00 to $68.00 in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $92.50.

About Tidewater

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.