Universal Beteiligungs und Servicegesellschaft mbH Invests $732,000 in Tidewater Inc. (NYSE:TDW)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 17,311 shares of Tidewater Inc. worth approximately $732,000 in the first quarter, highlighting increasing institutional interest in the stock.
• Insider trading activity included Director Robert Robotti purchasing 15,000 shares for around $630,750, while EVP Daniel A. Hudson sold 5,000 shares valued at $250,100.
• Analysts have mixed reviews for Tidewater, with some downgrading their ratings and price targets; the stock currently has a consensus rating of "Hold" with a target price around $69.33.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Tidewater Inc. (NYSE:TDW - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,311 shares of the oil and gas company's stock, valued at approximately $732,000.

Other hedge funds have also recently bought and sold shares of the company. Bogart Wealth LLC acquired a new stake in shares of Tidewater during the 1st quarter worth about $30,000. Headlands Technologies LLC acquired a new stake in Tidewater in the 4th quarter valued at about $53,000. Signaturefd LLC increased its position in Tidewater by 33.3% in the 1st quarter. Signaturefd LLC now owns 1,128 shares of the oil and gas company's stock valued at $48,000 after acquiring an additional 282 shares in the last quarter. Covestor Ltd increased its position in Tidewater by 54.9% in the 4th quarter. Covestor Ltd now owns 1,819 shares of the oil and gas company's stock valued at $100,000 after acquiring an additional 645 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Tidewater during the 4th quarter worth $131,000. 95.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TDW shares. Raymond James Financial reduced their price objective on shares of Tidewater from $76.00 to $70.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. BTIG Research lowered shares of Tidewater from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $69.33.

Insiders Place Their Bets

In other Tidewater news, EVP Daniel A. Hudson sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $50.02, for a total transaction of $250,100.00. Following the completion of the sale, the executive vice president owned 85,986 shares of the company's stock, valued at approximately $4,301,019.72. This represents a 5.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Robotti bought 15,000 shares of the firm's stock in a transaction on Wednesday, June 4th. The shares were purchased at an average cost of $42.05 per share, with a total value of $630,750.00. Following the transaction, the director directly owned 2,234,957 shares in the company, valued at approximately $93,979,941.85. This trade represents a 0.68% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 25,560 shares of company stock worth $1,074,858. 8.33% of the stock is owned by company insiders.

Tidewater Stock Performance

Shares of TDW traded up $1.31 during midday trading on Monday, reaching $48.84. The stock had a trading volume of 947,031 shares, compared to its average volume of 1,061,089. The firm has a 50 day simple moving average of $47.18 and a 200-day simple moving average of $45.00. Tidewater Inc. has a one year low of $31.17 and a one year high of $91.40. The firm has a market cap of $2.42 billion, a PE ratio of 14.62 and a beta of 1.08. The company has a current ratio of 2.07, a quick ratio of 2.00 and a debt-to-equity ratio of 0.50.

Tidewater (NYSE:TDW - Get Free Report) last announced its earnings results on Monday, August 4th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.97. Tidewater had a net margin of 12.98% and a return on equity of 15.97%. As a group, sell-side analysts anticipate that Tidewater Inc. will post 3.25 EPS for the current 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.