Tidewater Inc. (NYSE:TDW) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC boosted its holdings in shares of Tidewater Inc. (NYSE:TDW) by 16.5% in the 4th quarter, Holdings Channel reports. The firm owned 16,743 shares of the oil and gas company’s stock after buying an additional 2,366 shares during the period. HighTower Advisors LLC’s holdings in Tidewater were worth $916,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TDW. Fortitude Family Office LLC acquired a new stake in Tidewater during the 4th quarter valued at $33,000. AlphaQuest LLC raised its position in Tidewater by 177.4% during the fourth quarter. AlphaQuest LLC now owns 799 shares of the oil and gas company’s stock valued at $44,000 after buying an additional 511 shares during the period. Quarry LP raised its position in Tidewater by 187.6% during the third quarter. Quarry LP now owns 814 shares of the oil and gas company’s stock valued at $58,000 after buying an additional 531 shares during the period. Northwest & Ethical Investments L.P. purchased a new stake in Tidewater in the 3rd quarter worth about $65,000. Finally, Venturi Wealth Management LLC boosted its position in Tidewater by 2,018.3% during the 4th quarter. Venturi Wealth Management LLC now owns 1,271 shares of the oil and gas company’s stock worth $70,000 after acquiring an additional 1,211 shares during the period. 95.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TDW has been the subject of a number of research reports. Pickering Energy Partners lowered shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Evercore ISI downgraded 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 research note on Wednesday, January 15th. Finally, DNB Markets assumed coverage on Tidewater in a research report on Friday, November 29th. They issued a “buy” rating and a $70.00 target price on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Tidewater presently has a consensus rating of “Moderate Buy” and an average target price of $92.50.

Insider Buying and Selling at Tidewater

In related news, Director Robert Robotti purchased 25,000 shares of Tidewater stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $40.11 per share, for a total transaction of $1,002,750.00. Following the transaction, the director now directly owns 2,208,670 shares of the company’s stock, valued at approximately $88,589,753.70. This trade represents a 1.14 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 8.33% of the company’s stock.

Tidewater Stock Performance

NYSE TDW opened at $44.17 on Friday. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 12.99 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. Tidewater Inc. has a 1-year low of $38.65 and a 1-year high of $111.42. The company has a 50 day moving average of $49.00 and a 200-day moving average of $55.78.

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.