Q Global Advisors LLC Purchases Shares of 1,159,113 Tidewater Inc. (TDW)

Q Global Advisors LLC purchased a new position in shares of Tidewater Inc. (NYSE:TDW) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,159,113 shares of the oil and gas company’s stock, valued at approximately $835,000. Tidewater accounts for 2.2% of Q Global Advisors LLC’s investment portfolio, making the stock its 7th largest holding. Q Global Advisors LLC owned 2.46% of Tidewater as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership acquired a new position in shares of Tidewater during the second quarter worth $188,000. Cubist Systematic Strategies LLC acquired a new position in shares of Tidewater during the second quarter worth $228,000. California Public Employees Retirement System lifted its holdings in shares of Tidewater by 1.7% during the second quarter. California Public Employees Retirement System now owns 1,391,746 shares of the oil and gas company’s stock worth $1,002,000 after purchasing an additional 23,700 shares during the period. South Dakota Investment Council lifted its holdings in shares of Tidewater by 132.5% during the second quarter. South Dakota Investment Council now owns 965,000 shares of the oil and gas company’s stock worth $695,000 after purchasing an additional 550,000 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Tidewater by 3.3% during the second quarter. Janney Montgomery Scott LLC now owns 1,474,304 shares of the oil and gas company’s stock worth $1,061,000 after purchasing an additional 46,532 shares during the period.

WARNING: “Q Global Advisors LLC Purchases Shares of 1,159,113 Tidewater Inc. (TDW)” was posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://transcriptdaily.com/2017/10/08/q-global-advisors-llc-purchases-shares-of-1159113-tidewater-inc-tdw.html.

Shares of Tidewater Inc. (TDW) traded up 0.22% during trading on Friday, reaching $27.06. 46,782 shares of the company were exchanged. Tidewater Inc. has a one year low of $20.37 and a one year high of $144.84. The stock’s market capitalization is $1.28 billion. The stock has a 50-day moving average price of $26.80 and a 200-day moving average price of $27.03.

A number of equities analysts have recently commented on the stock. Clarkson Capital upgraded shares of Tidewater from a “neutral” rating to a “buy” rating in a report on Tuesday, August 15th. BidaskClub lowered shares of Tidewater from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Finally, Zacks Investment Research lowered shares of Tidewater from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $1.00.

About Tidewater

Tidewater Inc provides offshore service vessels and marine support services. The Company operates through four segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. Its Americas segment includes the activities of the Company’s North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations of offshore Mexico, Trinidad and Brazil.

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).

Institutional Ownership by Quarter for Tidewater (NYSE:TDW)

Receive News & Ratings for Tidewater Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tidewater Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply