Capstone Investment Advisors LLC Acquires New Stake in Tidewater Inc. (NYSE:TDW)

Capstone Investment Advisors LLC purchased a new position in shares of Tidewater Inc. (NYSE:TDW - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,754 shares of the oil and gas company's stock, valued at approximately $370,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Captrust Financial Advisors grew its holdings in shares of Tidewater by 26.5% during the fourth quarter. Captrust Financial Advisors now owns 6,659 shares of the oil and gas company's stock worth $364,000 after purchasing an additional 1,394 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Tidewater by 13.2% during the 4th quarter. Ameriprise Financial Inc. now owns 867,875 shares of the oil and gas company's stock worth $47,473,000 after acquiring an additional 101,159 shares during the last quarter. Allegheny Financial Group acquired a new stake in Tidewater in the 4th quarter valued at about $211,000. Praetorian PR LLC lifted its position in shares of Tidewater by 34.7% during the fourth quarter. Praetorian PR LLC now owns 431,000 shares of the oil and gas company's stock worth $23,580,000 after purchasing an additional 111,000 shares in the last quarter. Finally, Raffles Associates LP bought a new stake in shares of Tidewater during the fourth quarter valued at approximately $2,243,000. 95.13% of the stock is owned by institutional investors and hedge funds.

Tidewater Trading Up 2.4%

Shares of TDW stock traded up $1.01 on Monday, reaching $42.46. The company had a trading volume of 293,239 shares, compared to its average volume of 1,088,245. The stock has a market cap of $2.16 billion, a PE ratio of 12.51 and a beta of 1.00. The company has a 50-day moving average of $38.55 and a 200-day moving average of $48.09. 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 12 month low of $31.17 and a 12 month high of $110.06.

Tidewater (NYSE:TDW - Get Free Report) last issued its earnings results on Friday, May 9th. The oil and gas company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.59 by $0.24. Tidewater had a net margin of 13.92% and a return on equity of 18.16%. During the same period in the prior year, the firm earned $0.89 earnings per share. Tidewater's revenue was up 3.8% compared to the same quarter last year. On average, equities analysts forecast that Tidewater Inc. will post 3.25 earnings per share for the current year.

Wall Street Analyst Weigh In

TDW has been the topic of a number of recent research reports. Evercore ISI lowered Tidewater from an "outperform" rating to an "in-line" rating and decreased their price objective for the company from $112.00 to $68.00 in a research report on Wednesday, January 15th. Raymond James lowered their price objective on Tidewater from $76.00 to $70.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Finally, Pickering Energy Partners lowered shares of Tidewater from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Tidewater has an average rating of "Hold" and an average price target of $69.33.

Insider Buying and Selling at Tidewater

In other Tidewater news, Director Robert Robotti acquired 1,770 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $40.95 per share, for a total transaction of $72,481.50. Following the acquisition, the director now directly owns 2,183,670 shares of the company's stock, valued at approximately $89,421,286.50. This trade represents a 0.08% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 8.33% of the company's stock.

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.