AlphaQuest LLC Buys 511 Shares of Tidewater Inc. (NYSE:TDW)

AlphaQuest LLC grew its stake in Tidewater Inc. (NYSE:TDW) by 177.4% in the 4th quarter, Holdings Channel reports. The firm owned 799 shares of the oil and gas company’s stock after purchasing an additional 511 shares during the period. AlphaQuest LLC’s holdings in Tidewater were worth $44,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TDW. GSA Capital Partners LLP bought a new position in Tidewater in the 3rd quarter worth $243,000. Advisors Asset Management Inc. increased its stake in shares of Tidewater by 58.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,510 shares of the oil and gas company’s stock worth $252,000 after acquiring an additional 1,299 shares in the last quarter. Intech Investment Management LLC bought a new stake in Tidewater during the 3rd quarter valued at about $1,788,000. Landscape Capital Management L.L.C. bought a new stake in Tidewater during the 3rd quarter valued at about $904,000. Finally, Thompson Siegel & Walmsley LLC increased its stake in Tidewater by 2.3% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 93,021 shares of the oil and gas company’s stock valued at $6,678,000 after purchasing an additional 2,066 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors.

Tidewater Stock Performance

TDW opened at $43.00 on Friday. 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 company has a market cap of $2.21 billion, a price-to-earnings ratio of 12.65 and a beta of 1.06. The company’s 50 day moving average is $50.18 and its 200 day moving average is $57.05. Tidewater Inc. has a 12-month low of $38.65 and a 12-month high of $111.42.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TDW shares. DNB Markets started coverage on shares of Tidewater in a report on Friday, November 29th. They set a “buy” rating and a $70.00 price target on the stock. Pickering Energy Partners downgraded shares of Tidewater from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Evercore ISI downgraded shares of Tidewater from an “outperform” rating to an “in-line” rating and dropped their price target for the company 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.