Tidewater Inc. (NYSE:TDW) Shares Bought by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC boosted its position in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 51.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 624,236 shares of the oil and gas company's stock after purchasing an additional 212,189 shares during the quarter. Frontier Capital Management Co. LLC owned about 1.19% of Tidewater worth $34,152,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TDW. Fortitude Family Office LLC purchased a new position in Tidewater during the 4th quarter worth $33,000. AlphaQuest LLC increased its holdings 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 purchased a new position in shares of Tidewater in the 4th quarter valued at $53,000. EverSource Wealth Advisors LLC increased 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 acquiring an additional 333 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings in shares of Tidewater by 2,018.3% in the 4th quarter. Venturi Wealth Management LLC now owns 1,271 shares of the oil and gas company's stock valued at $70,000 after acquiring an additional 1,211 shares during the period. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

Tidewater Stock Up 0.8%

Shares of Tidewater stock traded up $0.31 during trading on Friday, reaching $41.44. The company's stock had a trading volume of 1,274,942 shares, compared to its average volume of 1,091,298. The company has a quick ratio of 2.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.54. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 12.19 and a beta of 1.00. Tidewater Inc. has a 1-year low of $31.17 and a 1-year high of $110.06. The company has a 50-day simple moving average of $38.55 and a two-hundred day simple moving average of $48.09.

Tidewater (NYSE:TDW - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The oil and gas company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.24. Tidewater had a return on equity of 18.16% and a net margin of 13.92%. Tidewater's revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 earnings per share. As a group, equities analysts forecast that Tidewater Inc. will post 3.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TDW shares. Raymond James cut their price target on Tidewater from $76.00 to $70.00 and set an "outperform" rating on the stock in a report on Wednesday. Evercore ISI downgraded Tidewater from an "outperform" rating to an "in-line" rating and cut their price target for the company from $112.00 to $68.00 in a report on Wednesday, January 15th. Finally, Pickering Energy Partners downgraded Tidewater from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $69.33.

Insider Transactions at Tidewater

In other Tidewater news, Director Robert Robotti acquired 25,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $40.11 per share, with a total value of $1,002,750.00. Following the transaction, the director now directly owns 2,208,670 shares of the company's stock, valued at $88,589,753.70. This trade represents a 1.14% increase in their ownership of the stock. The acquisition 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 Company 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.