Sei Investments Co. Sells 7,238 Shares of Tidewater Inc. (NYSE:TDW)

Sei Investments Co. trimmed its position in Tidewater Inc. (NYSE:TDW) by 59.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,856 shares of the oil and gas company’s stock after selling 7,238 shares during the quarter. Sei Investments Co.’s holdings in Tidewater were worth $266,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TDW. Pacer Advisors Inc. raised its stake in 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 buying an additional 1,390,951 shares during the period. Villere ST Denis J & Co. LLC raised its stake in Tidewater by 35.1% in the 4th quarter. Villere ST Denis J & Co. LLC now owns 486,808 shares of the oil and gas company’s stock valued at $26,633,000 after acquiring an additional 126,441 shares during the period. Thompson Siegel & Walmsley LLC lifted its holdings in Tidewater by 135.6% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 219,183 shares of the oil and gas company’s stock valued at $11,992,000 after purchasing an additional 126,162 shares during the last quarter. Van ECK Associates Corp boosted its position in Tidewater by 17.5% during the fourth quarter. Van ECK Associates Corp now owns 836,253 shares of the oil and gas company’s stock worth $45,752,000 after purchasing an additional 124,610 shares during the period. Finally, Empire Life Investments Inc. increased its holdings in shares of Tidewater by 29.6% in the fourth quarter. Empire Life Investments Inc. now owns 380,890 shares of the oil and gas company’s stock valued at $20,838,000 after purchasing an additional 87,006 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors and hedge funds.

Tidewater Stock Performance

NYSE:TDW opened at $33.64 on Friday. 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 fifty-two week low of $31.17 and a fifty-two week high of $111.42. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 9.89 and a beta of 0.70. The stock has a fifty day moving average price of $44.88 and a 200-day moving average price of $52.79.

Insider Buying and Selling at Tidewater

In other news, Director Robert Robotti acquired 1,770 shares of the stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $40.95 per share, for a total transaction of $72,481.50. Following the completion of the transaction, the director now directly owns 2,183,670 shares in the company, valued at approximately $89,421,286.50. This trade represents a 0.08 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 8.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TDW shares. Evercore ISI cut shares of Tidewater from an “outperform” rating to an “in-line” rating and cut their target price for the stock from $112.00 to $68.00 in a research note on Wednesday, January 15th. Pickering Energy Partners downgraded 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $92.50.

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.