Marshall Wace LLP Sells 382,067 Shares of Tidewater Inc. (NYSE:TDW)

Marshall Wace LLP lessened its stake in Tidewater Inc. (NYSE:TDW - Free Report) by 65.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 204,718 shares of the oil and gas company's stock after selling 382,067 shares during the period. Marshall Wace LLP owned about 0.39% of Tidewater worth $11,200,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. MML Investors Services LLC acquired a new position in shares of Tidewater in the 3rd quarter valued at $225,000. Barclays PLC increased its position in shares of Tidewater by 354.2% during 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 lifted 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 purchasing an additional 267 shares during the last quarter. Fortitude Family Office LLC bought a new stake in Tidewater during the fourth quarter worth about $33,000. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Tidewater by 23.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 154,112 shares of the oil and gas company's stock worth $8,431,000 after buying an additional 29,721 shares in the last quarter. 95.13% of the stock is owned by institutional investors and hedge funds.

Tidewater Trading Up 0.9 %

NYSE:TDW traded up $0.33 during trading hours on Friday, hitting $36.37. The stock had a trading volume of 743,773 shares, compared to its average volume of 1,084,997. Tidewater Inc. has a one year low of $31.17 and a one year high of $111.42. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 10.70 and a beta of 0.70. 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 moving average is $40.38 and its 200-day moving average is $49.84.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TDW shares. Pickering Energy Partners lowered Tidewater from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Evercore ISI lowered Tidewater from an "outperform" rating to an "in-line" rating and decreased their price objective for the company from $112.00 to $68.00 in a research report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $92.50.

Insider Transactions at Tidewater

In related news, Director Robert Robotti bought 25,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $40.11 per share, for a total transaction of $1,002,750.00. Following the acquisition, the director now owns 2,208,670 shares of the company's stock, valued at approximately $88,589,753.70. This represents a 1.14 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 8.33% of the stock is currently owned by insiders.

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.