New York State Teachers Retirement System Sells 920 Shares of Tidewater Inc. (NYSE:TDW)

New York State Teachers Retirement System lowered its position in Tidewater Inc. (NYSE:TDW) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 23,800 shares of the oil and gas company’s stock after selling 920 shares during the quarter. New York State Teachers Retirement System’s holdings in Tidewater were worth $1,302,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp raised its stake in shares of Tidewater by 1.9% in the third 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 during the last quarter. Pacer Advisors Inc. raised its stake in shares of Tidewater by 42,719.6% in the fourth quarter. Pacer Advisors Inc. now owns 1,394,207 shares of the oil and gas company’s stock valued at $76,277,000 after acquiring an additional 1,390,951 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Tidewater by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,092,887 shares of the oil and gas company’s stock valued at $78,473,000 after acquiring an additional 5,713 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Tidewater by 17.5% in the fourth quarter. Van ECK Associates Corp now owns 836,253 shares of the oil and gas company’s stock valued at $45,752,000 after acquiring an additional 124,610 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Tidewater by 173.4% in the third quarter. Cerity Partners LLC now owns 608,245 shares of the oil and gas company’s stock valued at $43,666,000 after acquiring an additional 385,779 shares during the last quarter. Institutional investors own 95.13% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Quintin Kneen purchased 41,615 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $48.06 per share, with a total value of $2,000,016.90. Following the acquisition, the chief executive officer now directly owns 176,239 shares of the company’s stock, valued at approximately $8,470,046.34. This represents a 30.91 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 8.33% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TDW. StockNews.com upgraded shares of Tidewater from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Raymond James cut shares of Tidewater from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $131.00 to $102.00 in a research report on Monday, November 11th. DNB Markets began coverage on shares of Tidewater in a research report on Friday, November 29th. They issued a “buy” rating and a $70.00 price objective for the company. Pickering Energy Partners cut shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Evercore ISI cut shares of Tidewater from an “outperform” rating to an “in-line” rating and dropped their price objective for the stock from $112.00 to $68.00 in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.50.

Tidewater Price Performance

TDW opened at $50.50 on Monday. The company has a fifty day moving average price of $53.82 and a two-hundred day moving average price of $62.56. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. Tidewater Inc. has a 52 week low of $46.50 and a 52 week high of $111.42. The firm has a market capitalization of $2.64 billion, a PE ratio of 14.85 and a beta of 1.04.

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.