Steward Partners Investment Advisory LLC Grows Holdings in Tidewater Inc. (NYSE:TDW)

Steward Partners Investment Advisory LLC lifted its holdings in Tidewater Inc. (NYSE:TDW) by 336.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,588 shares of the oil and gas company’s stock after acquiring an additional 1,224 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Tidewater were worth $87,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital Wealth Planning LLC purchased a new stake in shares of Tidewater in the 4th quarter worth about $301,000. VELA Investment Management LLC grew its position in shares of Tidewater by 73.4% in the 4th quarter. VELA Investment Management LLC now owns 41,319 shares of the oil and gas company’s stock worth $2,261,000 after buying an additional 17,487 shares during the period. Private Advisor Group LLC grew its position in shares of Tidewater by 9.5% in the 4th quarter. Private Advisor Group LLC now owns 5,315 shares of the oil and gas company’s stock worth $291,000 after buying an additional 463 shares during the period. Mraz Amerine & Associates Inc. grew its position in shares of Tidewater by 4.0% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 39,256 shares of the oil and gas company’s stock worth $2,148,000 after buying an additional 1,495 shares during the period. Finally, Venturi Wealth Management LLC grew its position in shares of Tidewater by 2,018.3% in the 4th quarter. Venturi Wealth Management LLC now owns 1,271 shares of the oil and gas company’s stock worth $70,000 after buying an additional 1,211 shares during the period. 95.13% of the stock is owned by hedge funds and other institutional investors.

Tidewater Stock Performance

Shares of TDW stock opened at $41.48 on Tuesday. The company’s 50-day moving average is $51.03 and its 200 day moving average is $57.59. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 12.20 and a beta of 1.06. Tidewater Inc. has a one year low of $38.65 and a one year high of $111.42.

Analyst Ratings Changes

A number of analysts have recently weighed in on TDW shares. Evercore ISI downgraded shares of Tidewater from an “outperform” rating to an “in-line” rating and reduced their target price for the stock from $112.00 to $68.00 in a research report on Wednesday, January 15th. DNB Markets assumed coverage on shares of Tidewater in a research report on Friday, November 29th. They set a “buy” rating and a $70.00 price objective on the stock. Finally, Pickering Energy Partners downgraded shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.50.

Insider Activity

In related news, Director Robert Robotti purchased 25,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $40.11 per share, with a total value of $1,002,750.00. Following the acquisition, the director now directly owns 2,208,670 shares in the company, valued at $88,589,753.70. The trade was 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. Insiders own 8.33% of the company’s stock.

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.