Trexquant Investment LP Has $6.73 Million Holdings in Tidewater Inc. $TDW

Key Points

• Trexquant Investment LP increased its stake in Tidewater Inc. by **171.5%**, acquiring an additional **100,541 shares** in the first quarter, bringing its total holdings to approximately **159,167 shares** valued at **$6.73 million**.
• Several institutional investors significantly boosted their holdings in Tidewater, with Price T Rowe Associates increasing by **69.3%** and Raymond James Financial by **271.7%** during the same quarter, leading to over **95%** institutional ownership.
• Tidewater reported a **Q2 earnings** of **$1.23 per share**, greatly exceeding expectations of **$0.28**, alongside a revenue of **$341.43 million**, prompting analysts to anticipate a **target price of $69.00** and maintain a "Moderate Buy" consensus rating.

Trexquant Investment LP boosted its holdings in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 171.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 159,167 shares of the oil and gas company's stock after acquiring an additional 100,541 shares during the quarter. Trexquant Investment LP owned 0.32% of Tidewater worth $6,728,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Tidewater by 2,321.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 678 shares of the oil and gas company's stock valued at $29,000 after acquiring an additional 650 shares during the last quarter. Bogart Wealth LLC purchased a new position in Tidewater in the 1st quarter worth approximately $30,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Tidewater during the first quarter valued at approximately $40,000. Caitong International Asset Management Co. Ltd increased its position in Tidewater by 2,510.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 992 shares of the oil and gas company's stock valued at $42,000 after acquiring an additional 954 shares during the period. Finally, Signaturefd LLC boosted its stake in Tidewater by 33.3% during the 1st quarter. Signaturefd LLC now owns 1,128 shares of the oil and gas company's stock valued at $48,000 after purchasing an additional 282 shares in the last quarter. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tidewater

In other news, EVP Daniel A. Hudson sold 10,000 shares of Tidewater stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $57.56, for a total transaction of $575,600.00. Following the completion of the sale, the executive vice president directly owned 75,986 shares in the company, valued at approximately $4,373,754.16. This trade represents a 11.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Evercore ISI upped their price objective on shares of Tidewater from $60.00 to $67.00 and gave the stock an "in-line" rating in a report on Wednesday, August 6th. Zacks Research raised Tidewater from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. Finally, BTIG Research downgraded Tidewater from a "buy" rating to a "neutral" rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Tidewater has a consensus rating of "Moderate Buy" and a consensus target price of $69.00.

Tidewater Trading Down 0.3%

TDW traded down $0.20 on Friday, hitting $57.00. The company had a trading volume of 297,967 shares, compared to its average volume of 1,045,390. The business's fifty day simple moving average is $53.60 and its 200 day simple moving average is $45.66. The company has a quick ratio of 2.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.47. Tidewater Inc. has a 12-month low of $31.17 and a 12-month high of $79.43. The company has a market cap of $2.82 billion, a PE ratio of 14.72 and a beta of 1.09.

Tidewater (NYSE:TDW - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The oil and gas company reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.95. The company had revenue of $341.43 million during the quarter, compared to analysts' expectations of $317.28 million. Tidewater had a return on equity of 16.74% and a net margin of 14.62%.The firm's revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 EPS. Tidewater has set its FY 2025 guidance at EPS. Equities research analysts expect that Tidewater Inc. will post 3.25 EPS for the current year.

Tidewater declared that its board has authorized a stock buyback plan on Monday, August 4th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas company to buy up to 21.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its shares are undervalued.

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.