FNY Investment Advisers LLC Boosts Stock Holdings in Tidewater Inc. (NYSE:TDW)

FNY Investment Advisers LLC raised its position in Tidewater Inc. (NYSE:TDW - Free Report) by 391.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,598 shares of the oil and gas company's stock after acquiring an additional 6,848 shares during the period. FNY Investment Advisers LLC's holdings in Tidewater were worth $363,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of TDW. Principal Financial Group Inc. grew its stake in Tidewater by 4.1% during 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 last quarter. Venturi Wealth Management LLC grew its stake in shares of Tidewater by 2,018.3% during the fourth quarter. Venturi Wealth Management LLC now owns 1,271 shares of the oil and gas company's stock worth $70,000 after acquiring an additional 1,211 shares during the last quarter. Mraz Amerine & Associates Inc. increased its holdings in shares of Tidewater by 4.0% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 39,256 shares of the oil and gas company's stock valued at $2,148,000 after acquiring an additional 1,495 shares in the last quarter. Private Advisor Group LLC raised 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 valued at $291,000 after purchasing an additional 463 shares during the last quarter. Finally, VELA Investment Management LLC boosted its stake in 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 purchasing an additional 17,487 shares in the last quarter. 95.13% of the stock is owned by hedge funds and other institutional investors.

Tidewater Stock Performance

Shares of NYSE:TDW traded down $0.73 during trading on Monday, hitting $47.53. The stock had a trading volume of 916,239 shares, compared to its average volume of 1,083,691. 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 Inc. has a 12-month low of $31.17 and a 12-month high of $108.44. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 13.98 and a beta of 1.07. The stock has a 50-day simple moving average of $39.30 and a two-hundred day simple moving average of $45.78.

Tidewater (NYSE:TDW - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The oil and gas company reported $0.83 earnings per share (EPS) for the quarter, topping 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%. The firm's revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 earnings per share. On average, equities research analysts expect that Tidewater Inc. will post 3.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Raymond James decreased their price target on shares of Tidewater from $76.00 to $70.00 and set an "outperform" rating for the company in a 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 stock. According to data from MarketBeat, Tidewater currently has an average rating of "Hold" and an average target price of $69.33.

Insider Activity at Tidewater

In related news, Director Robert Robotti acquired 10,000 shares of Tidewater stock in a transaction on Tuesday, June 3rd. The stock was acquired at an average price of $42.14 per share, for a total transaction of $421,400.00. Following the purchase, the director now owns 2,219,957 shares of the company's stock, valued at approximately $93,548,987.98. This represents a 0.45% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders acquired 25,560 shares of company stock worth $1,074,858 over the last three months. Company insiders own 8.33% of the company's stock.

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.