Tidewater Inc. (NYSE:TDW) Stock Holdings Lifted by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its stake in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 13.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 867,875 shares of the oil and gas company's stock after purchasing an additional 101,159 shares during the period. Ameriprise Financial Inc. owned approximately 1.66% of Tidewater worth $47,473,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. AlphaQuest LLC raised its stake in shares of Tidewater by 177.4% during the 4th quarter. AlphaQuest LLC now owns 799 shares of the oil and gas company's stock worth $44,000 after buying an additional 511 shares during the last quarter. Headlands Technologies LLC acquired a new position in Tidewater in the 4th quarter valued at about $53,000. EverSource Wealth Advisors LLC raised its stake in Tidewater by 45.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company's stock valued at $58,000 after purchasing an additional 333 shares during the last quarter. Venturi Wealth Management LLC raised its stake in 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 valued at $70,000 after purchasing an additional 1,211 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Tidewater by 336.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,588 shares of the oil and gas company's stock valued at $87,000 after purchasing an additional 1,224 shares during the last quarter. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

Tidewater Stock Down 0.3%

TDW traded down $0.14 during trading hours on Friday, reaching $41.79. 172,389 shares of the stock traded hands, compared to its average volume of 1,174,467. Tidewater Inc. has a fifty-two week low of $31.17 and a fifty-two week high of $110.06. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.29 and a quick ratio of 2.19. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 12.29 and a beta of 1.00. The firm's fifty day simple moving average is $38.64 and its two-hundred day simple moving average is $47.76.

Tidewater (NYSE:TDW - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The oil and gas company reported $0.83 EPS for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the business posted $0.89 EPS. The firm's revenue was up 3.8% on a year-over-year basis. As a group, analysts forecast that Tidewater Inc. will post 3.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Tidewater

In related news, Director Robert Robotti acquired 25,000 shares of Tidewater stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $40.11 per share, for a total transaction of $1,002,750.00. Following the purchase, the director now directly owns 2,208,670 shares of the company's stock, valued at $88,589,753.70. The trade was a 1.14% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Raymond James cut their price objective on shares of Tidewater from $76.00 to $70.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Tidewater has an average rating of "Hold" and an average price target of $69.33.

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.