Praetorian PR LLC Has $23.58 Million Stock Position in Tidewater Inc. (NYSE:TDW)

Praetorian PR LLC grew its stake in Tidewater Inc. (NYSE:TDW - Free Report) by 34.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 431,000 shares of the oil and gas company's stock after buying an additional 111,000 shares during the quarter. Tidewater accounts for about 9.5% of Praetorian PR LLC's investment portfolio, making the stock its 4th biggest holding. Praetorian PR LLC owned about 0.82% of Tidewater worth $23,580,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in TDW. Fortitude Family Office LLC bought a new position in shares of Tidewater in the fourth quarter valued at $33,000. AlphaQuest LLC grew its position in shares of Tidewater by 177.4% in the 4th quarter. AlphaQuest LLC now owns 799 shares of the oil and gas company's stock valued at $44,000 after acquiring an additional 511 shares during the period. Headlands Technologies LLC acquired a new position in shares of Tidewater during the 4th quarter worth about $53,000. EverSource Wealth Advisors LLC raised its holdings in shares of Tidewater by 45.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company's stock valued at $58,000 after purchasing an additional 333 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in 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 purchasing an additional 1,211 shares during the period. Institutional investors own 95.13% of the company's stock.

Insider Buying and Selling at Tidewater

In related news, Director Robert Robotti bought 1,770 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $40.95 per share, with a total value of $72,481.50. Following the completion of the purchase, the director now directly owns 2,183,670 shares in the company, valued at $89,421,286.50. The trade was a 0.08 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 8.33% of the company's stock.

Tidewater Trading Up 0.1 %

TDW stock traded up $0.04 during trading on Wednesday, hitting $40.27. The company had a trading volume of 325,200 shares, compared to its average volume of 1,085,068. 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 Inc. has a one year low of $31.17 and a one year high of $111.42. The business has a 50-day moving average of $38.68 and a 200-day moving average of $48.65. The stock has a market cap of $2.05 billion, a PE ratio of 11.84 and a beta of 1.00.

Tidewater (NYSE:TDW - Get Free Report) last released its earnings results on Thursday, May 1st. The oil and gas company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.34. Tidewater had a net margin of 13.92% and a return on equity of 18.16%. The business had revenue of $333.44 million for the quarter, compared to analyst estimates of $325.90 million. During the same quarter in the previous year, the business earned $0.92 earnings per share. Tidewater's revenue for the quarter was up 3.8% on a year-over-year basis. Research analysts predict that Tidewater Inc. will post 3.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Pickering Energy Partners cut shares of Tidewater from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Raymond James reduced their price objective on Tidewater from $76.00 to $70.00 and set an "outperform" rating for the company in a report on Wednesday. Finally, Evercore ISI cut Tidewater from an "outperform" rating to an "in-line" rating and lowered their price objective for the stock from $112.00 to $68.00 in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $84.50.

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.