Tidewater Inc. (NYSE:TDW) Stake Raised by Mariner LLC

Mariner LLC lifted its stake in Tidewater Inc. (NYSE:TDW - Free Report) by 152.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,864 shares of the oil and gas company's stock after buying an additional 13,820 shares during the quarter. Mariner LLC's holdings in Tidewater were worth $1,251,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Tidal Investments LLC raised its holdings in Tidewater by 8.1% in 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 last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Tidewater by 45.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company's stock worth $58,000 after purchasing an additional 333 shares in the last quarter. Tectonic Advisors LLC grew its stake in Tidewater by 2.3% during the 4th quarter. Tectonic Advisors LLC now owns 17,574 shares of the oil and gas company's stock worth $961,000 after purchasing an additional 402 shares in the last quarter. Private Advisor Group LLC grew its holdings in Tidewater by 9.5% during the 4th quarter. Private Advisor Group LLC now owns 5,315 shares of the oil and gas company's stock worth $291,000 after acquiring an additional 463 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Tidewater by 0.9% in the fourth quarter. Russell Investments Group Ltd. now owns 55,202 shares of the oil and gas company's stock valued at $3,020,000 after buying an additional 496 shares in the last quarter. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TDW. Pickering Energy Partners cut Tidewater from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Evercore ISI downgraded shares of Tidewater from an "outperform" rating to an "in-line" rating and reduced their price objective for the company 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 assigned a buy rating to the company. According to MarketBeat, Tidewater presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.50.

Tidewater Stock Up 3.7 %

Shares of TDW stock traded up $1.32 during trading hours on Thursday, hitting $37.51. 698,387 shares of the company were exchanged, compared to its average volume of 1,086,641. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. The business's 50-day simple moving average is $39.49 and its two-hundred day simple moving average is $49.45. Tidewater Inc. has a one year low of $31.17 and a one year high of $111.42. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 11.01 and a beta of 0.70.

Insiders Place Their Bets

In other news, Director Robert Robotti acquired 25,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $40.11 per share, with a total value of $1,002,750.00. Following the acquisition, the director now directly owns 2,208,670 shares in the company, valued at approximately $88,589,753.70. The trade was a 1.14 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.33% of the stock is currently owned by corporate insiders.

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.