Tidewater Inc. (NYSE:TDW) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC decreased its position in Tidewater Inc. (NYSE:TDW - Free Report) by 95.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,499 shares of the oil and gas company's stock after selling 352,536 shares during the quarter. Voya Investment Management LLC's holdings in Tidewater were worth $1,012,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Tidewater by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,486,286 shares of the oil and gas company's stock worth $300,155,000 after purchasing an additional 56,919 shares during the last quarter. Robotti Robert lifted its position in shares of Tidewater by 1.1% in the 4th quarter. Robotti Robert now owns 2,632,980 shares of the oil and gas company's stock worth $144,050,000 after buying an additional 28,083 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Tidewater by 20.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,306,313 shares of the oil and gas company's stock valued at $126,180,000 after buying an additional 390,814 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Tidewater by 22.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,551,729 shares of the oil and gas company's stock valued at $84,888,000 after buying an additional 286,097 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in Tidewater by 42,719.6% during the fourth quarter. Pacer Advisors Inc. now owns 1,394,207 shares of the oil and gas company's stock worth $76,277,000 after acquiring an additional 1,390,951 shares during the period. Institutional investors and hedge funds own 95.13% of the company's stock.

Tidewater Stock Performance

TDW traded up $1.88 during trading hours on Monday, hitting $43.33. The company's stock had a trading volume of 206,798 shares, compared to its average volume of 1,087,863. The company has a 50-day simple moving average of $38.55 and a 200 day simple moving average of $48.09. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $2.20 billion, a PE ratio of 12.81 and a beta of 1.00. Tidewater Inc. has a fifty-two week low of $31.17 and a fifty-two week high of $110.06.

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

Insider Activity

In other news, Director Robert Robotti purchased 25,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $40.11 per share, with a total value of $1,002,750.00. Following the purchase, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 8.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Pickering Energy Partners lowered Tidewater from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Evercore ISI lowered Tidewater from an "outperform" rating to an "in-line" rating and dropped their target price for the stock from $112.00 to $68.00 in a research report on Wednesday, January 15th. Finally, Raymond James reduced their price target on shares of Tidewater from $76.00 to $70.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $69.33.

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.