Oxford Asset Management LLP Makes New $762,000 Investment in Tidewater Inc. (NYSE:TDW)

Oxford Asset Management LLP acquired a new stake in Tidewater Inc. (NYSE:TDW - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,920 shares of the oil and gas company's stock, valued at approximately $762,000.

Several other institutional investors have also recently made changes to their positions in the stock. MML Investors Services LLC bought a new position in shares of Tidewater during the 3rd quarter valued at approximately $225,000. Barclays PLC boosted its holdings in shares of Tidewater by 354.2% in the 3rd 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 in the last quarter. Tidal Investments LLC boosted its holdings in Tidewater by 8.1% during the 3rd quarter. Tidal Investments LLC now owns 3,575 shares of the oil and gas company's stock valued at $257,000 after acquiring an additional 267 shares during the period. Fortitude Family Office LLC purchased a new stake in Tidewater during the 4th quarter valued at about $33,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in Tidewater by 23.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 154,112 shares of the oil and gas company's stock valued at $8,431,000 after acquiring an additional 29,721 shares during the period. Institutional investors and hedge funds own 95.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TDW shares. Pickering Energy Partners lowered Tidewater from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Evercore ISI downgraded Tidewater from an "outperform" rating to an "in-line" rating and lowered their price target for the stock from $112.00 to $68.00 in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $92.50.

Insider Transactions at Tidewater

In related news, Director Robert Robotti acquired 25,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $40.11 per share, for a total transaction of $1,002,750.00. Following the transaction, the director now owns 2,208,670 shares in the company, valued at $88,589,753.70. This trade represents a 1.14 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.33% of the company's stock.

Tidewater Stock Up 2.6 %

NYSE:TDW traded up $0.94 during midday trading on Thursday, reaching $37.13. The company had a trading volume of 559,922 shares, compared to its average volume of 1,086,083. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 10.94 and a beta of 0.70. The stock's fifty day simple moving average is $39.49 and its 200-day simple moving average is $49.45. Tidewater Inc. has a 12-month low of $31.17 and a 12-month high of $111.42. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54.

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.