Y Intercept Hong Kong Ltd Invests $1.09 Million in Tidewater Inc. (NYSE:TDW)

Y Intercept Hong Kong Ltd acquired a new stake in Tidewater Inc. (NYSE:TDW - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 15,182 shares of the oil and gas company's stock, valued at approximately $1,090,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC lifted its stake in Tidewater by 60.3% in the second quarter. SG Americas Securities LLC now owns 5,061 shares of the oil and gas company's stock worth $482,000 after acquiring an additional 1,903 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Tidewater during the 2nd quarter worth $1,077,000. Louisiana State Employees Retirement System acquired a new position in shares of Tidewater during the second quarter worth $2,323,000. Calamos Advisors LLC increased its holdings in Tidewater by 25.3% in the second quarter. Calamos Advisors LLC now owns 29,511 shares of the oil and gas company's stock valued at $2,810,000 after buying an additional 5,962 shares during the last quarter. Finally, Raymond James Trust N.A. acquired a new stake in Tidewater in the second quarter valued at $216,000. 95.13% of the stock is owned by institutional investors and hedge funds.

Tidewater Stock Performance

NYSE:TDW traded down $1.04 during mid-day trading on Thursday, reaching $48.29. 606,733 shares of the stock were exchanged, compared to its average volume of 911,106. The stock has a market capitalization of $2.53 billion, a P/E ratio of 14.25 and a beta of 1.10. Tidewater Inc. has a 1 year low of $46.50 and a 1 year high of $111.42. The company has a 50 day simple moving average of $57.90 and a 200-day simple moving average of $78.69. The company has a quick ratio of 2.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.54.

Analyst Ratings Changes

Several research firms have recently issued reports on TDW. StockNews.com raised Tidewater from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Raymond James downgraded Tidewater from a "strong-buy" rating to an "outperform" rating and lowered their price target for the company from $131.00 to $102.00 in a report on Monday, November 11th. Finally, DNB Markets initiated coverage on shares of Tidewater in a research report on Friday, November 29th. They set a "buy" rating and a $70.00 price objective for the company. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $95.80.

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.