Old West Investment Management LLC Buys Shares of 32,040 Tidewater Inc. (NYSE:TDW)

Old West Investment Management LLC purchased a new position in shares of Tidewater Inc. (NYSE:TDW) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 32,040 shares of the oil and gas company’s stock, valued at approximately $1,753,000. Old West Investment Management LLC owned about 0.06% of Tidewater as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TDW. Vanguard Group Inc. increased its position in Tidewater by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,486,286 shares of the oil and gas company’s stock worth $300,155,000 after buying an additional 56,919 shares during the last quarter. Robotti Robert increased its holdings in shares of Tidewater by 1.1% during the 4th quarter. Robotti Robert now owns 2,632,980 shares of the oil and gas company’s stock valued at $144,050,000 after acquiring an additional 28,083 shares during the last quarter. State Street Corp raised its stake in shares of Tidewater by 1.9% in the 3rd quarter. State Street Corp now owns 1,867,165 shares of the oil and gas company’s stock valued at $134,044,000 after acquiring an additional 35,318 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in 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 purchasing an additional 1,390,951 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Tidewater by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,092,887 shares of the oil and gas company’s stock worth $78,473,000 after purchasing an additional 5,713 shares during the period. Institutional investors own 95.13% of the company’s stock.

Insider Buying and Selling at Tidewater

In related news, Director Robert Robotti acquired 25,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $40.11 per share, with a total value of $1,002,750.00. Following the completion of the transaction, the director now owns 2,208,670 shares of the company’s stock, valued at approximately $88,589,753.70. This represents a 1.14 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 8.33% of the company’s stock.

Tidewater Trading Down 8.2 %

Shares of Tidewater stock opened at $34.65 on Friday. Tidewater Inc. has a 1 year low of $33.19 and a 1 year high of $111.42. The company’s fifty day simple moving average is $47.22 and its 200-day simple moving average is $54.50. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 10.19 and a beta of 1.06. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54.

Wall Street Analysts Forecast Growth

TDW has been the subject of a number of analyst reports. Pickering Energy Partners cut shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Evercore ISI downgraded shares of Tidewater from an “outperform” rating to an “in-line” rating and dropped their target price for the stock from $112.00 to $68.00 in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.