Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Tidewater Inc. $TDW

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH opened a new stake in Tidewater Inc. (TDW), acquiring 20,484 shares in Q4 valued at about $1.036 million per its Form 13F filing.
• Tidewater posted a major earnings beat, reporting $4.41 EPS versus a $0.77 consensus and $336.8M in revenue (down 2.4% year-over-year), with analysts forecasting roughly 4.04 EPS for the year.
• Significant insider selling amid heavy institutional ownership: insiders sold 52,656 shares (~$4.08M) over the last quarter, while institutional investors own about 95.13% of the company and insiders hold 6.6%.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Tidewater Inc. (NYSE:TDW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 20,484 shares of the oil and gas company's stock, valued at approximately $1,036,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. boosted its position in Tidewater by 401.0% in the third quarter. Hantz Financial Services Inc. now owns 516 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 413 shares during the last quarter. Blume Capital Management Inc. lifted its position in shares of Tidewater by 128.3% during the 3rd quarter. Blume Capital Management Inc. now owns 525 shares of the oil and gas company's stock valued at $28,000 after buying an additional 295 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Tidewater by 701.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the oil and gas company's stock valued at $46,000 after buying an additional 870 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Tidewater during the 2nd quarter valued at $47,000. Finally, Wexford Capital LP purchased a new position in shares of Tidewater during the 3rd quarter valued at $56,000. Hedge funds and other institutional investors own 95.13% of the company's stock.

Tidewater Stock Performance

NYSE:TDW opened at $87.75 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.78 and a current ratio of 2.90. Tidewater Inc. has a 52-week low of $37.32 and a 52-week high of $93.13. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 13.14 and a beta of 0.57. The business's fifty day moving average is $81.82 and its 200 day moving average is $65.34.

Tidewater (NYSE:TDW - Get Free Report) last released its quarterly earnings data on Monday, March 2nd. The oil and gas company reported $4.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $3.64. Tidewater had a return on equity of 12.34% and a net margin of 24.74%.The company had revenue of $336.80 million for the quarter, compared to analyst estimates of $329.39 million. During the same period in the previous year, the company posted $0.70 EPS. The firm's revenue for the quarter was down 2.4% compared to the same quarter last year. Research analysts predict that Tidewater Inc. will post 4.04 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Samuel R. Rubio sold 22,461 shares of the business's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $80.05, for a total transaction of $1,798,003.05. Following the sale, the executive vice president directly owned 60,066 shares in the company, valued at approximately $4,808,283.30. The trade was a 27.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel A. Hudson sold 5,195 shares of the business's stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $80.56, for a total value of $418,509.20. Following the sale, the executive vice president owned 45,971 shares in the company, valued at approximately $3,703,423.76. The trade was a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 52,656 shares of company stock worth $4,079,112. 6.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TDW. Raymond James Financial set a $117.00 price target on Tidewater in a research report on Tuesday, March 3rd. Barclays began coverage on Tidewater in a research report on Wednesday, April 1st. They set an "equal weight" rating and a $80.00 price target on the stock. Zacks Research raised Tidewater from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 20th. Finally, Dawson James reaffirmed an "outperform" rating on shares of Tidewater in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $87.33.

Tidewater Company Profile

Tidewater Inc is a leading global provider of offshore marine support vessels, serving the energy sector with a focus on the oil and gas industry. Headquartered in Houston, Texas, the company operates a diverse fleet of platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSs), crew boats and other specialized vessels designed to support offshore drilling, production and construction activities.

The company's fleet is equipped to handle a range of maritime services, including the transport of personnel, equipment and bulk materials; anchor handling and mooring operations; and subsea construction support.

Want to see what other hedge funds are holding TDW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tidewater Inc. (NYSE:TDW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.