Css LLC Il Buys Shares of 10,000 Tidewater Inc. (NYSE:TDW)

Css LLC Il purchased a new position in Tidewater Inc. (NYSE:TDW - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the oil and gas company's stock, valued at approximately $547,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in Tidewater in the 4th quarter valued at $4,347,000. Hodges Capital Management Inc. boosted its stake in shares of Tidewater by 103.0% during the fourth quarter. Hodges Capital Management Inc. now owns 96,650 shares of the oil and gas company's stock valued at $5,288,000 after purchasing an additional 49,050 shares during the period. Barclays PLC grew its holdings in shares of Tidewater by 354.2% in the third quarter. Barclays PLC now owns 78,848 shares of the oil and gas company's stock worth $5,661,000 after purchasing an additional 61,487 shares during the last quarter. Pacer Advisors Inc. increased its stake in Tidewater by 42,719.6% in the 4th quarter. Pacer Advisors Inc. now owns 1,394,207 shares of the oil and gas company's stock worth $76,277,000 after buying an additional 1,390,951 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Tidewater by 4.1% in the 4th quarter. Principal Financial Group Inc. now owns 276,113 shares of the oil and gas company's stock worth $15,106,000 after buying an additional 10,795 shares during the period. 95.13% of the stock is owned by institutional investors.

Insider Buying and Selling at Tidewater

In related news, Director Robert Robotti bought 1,770 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $40.95 per share, with a total value of $72,481.50. Following the transaction, the director now owns 2,183,670 shares of the company's stock, valued at $89,421,286.50. The trade was a 0.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 8.33% of the company's stock.

Analysts Set New Price Targets

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

Tidewater Trading Down 3.1%

Shares of NYSE TDW opened at $39.75 on Thursday. Tidewater Inc. has a twelve month low of $31.17 and a twelve month high of $108.44. The firm has a market cap of $1.97 billion, a PE ratio of 11.69 and a beta of 1.00. The business has a fifty day simple moving average of $38.68 and a two-hundred day simple moving average of $47.24. The company has a quick ratio of 2.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.54.

Tidewater (NYSE:TDW - Get Free Report) last announced its quarterly 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 return on equity of 18.16% and a net margin of 13.92%. During the same quarter last year, the company earned $0.89 EPS. The business's revenue was up 3.8% on a year-over-year basis. Analysts expect that Tidewater Inc. will post 3.25 earnings per share for the current fiscal year.

About Tidewater

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.

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