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

Marshall Wace LLP lessened its holdings in Tidewater Inc. (NYSE:TDW) by 65.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 204,718 shares of the oil and gas company’s stock after selling 382,067 shares during the period. Marshall Wace LLP’s holdings in Tidewater were worth $11,200,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Hodges Capital Management Inc. boosted its stake in Tidewater by 103.0% during the fourth quarter. Hodges Capital Management Inc. now owns 96,650 shares of the oil and gas company’s stock worth $5,288,000 after buying an additional 49,050 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Tidewater by 23.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 154,112 shares of the oil and gas company’s stock worth $8,431,000 after acquiring an additional 29,721 shares during the last quarter. Barclays PLC boosted its position in shares of Tidewater by 354.2% during the 3rd quarter. Barclays PLC now owns 78,848 shares of the oil and gas company’s stock worth $5,661,000 after purchasing an additional 61,487 shares during the period. Pacer Advisors Inc. increased 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 valued at $76,277,000 after purchasing an additional 1,390,951 shares during the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in Tidewater in the fourth quarter valued at approximately $704,000. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on TDW. Pickering Energy Partners lowered 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 report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Tidewater currently has an average rating of “Moderate Buy” and a consensus price target of $92.50.

Insiders Place Their Bets

In other news, Director Robert Robotti purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $40.11 per share, for a total transaction of $1,002,750.00. Following the completion of the purchase, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.33% of the stock is owned by company insiders.

Tidewater Stock Down 3.0 %

Tidewater stock opened at $33.25 on Tuesday. The firm has a market capitalization of $1.71 billion, a P/E ratio of 9.78 and a beta of 0.70. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. Tidewater Inc. has a twelve month low of $31.17 and a twelve month high of $111.42. The stock’s fifty day simple moving average is $41.95 and its 200-day simple moving average is $50.78.

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.