Tidewater Inc. (NYSE:TDW) Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC decreased its holdings in Tidewater Inc. (NYSE:TDW) by 4.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 254,124 shares of the oil and gas company’s stock after selling 10,913 shares during the quarter. Emerald Advisers LLC’s holdings in Tidewater were worth $13,903,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Tidewater by 1.0% in the 4th 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 period. State Street Corp raised its holdings in shares of Tidewater by 1.9% during the third quarter. State Street Corp now owns 1,867,165 shares of the oil and gas company’s stock valued at $134,044,000 after acquiring an additional 35,318 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of 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 valued at $76,277,000 after acquiring an additional 1,390,951 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Tidewater by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,092,887 shares of the oil and gas company’s stock valued at $78,473,000 after acquiring an additional 5,713 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Tidewater by 17.5% during the fourth quarter. Van ECK Associates Corp now owns 836,253 shares of the oil and gas company’s stock valued at $45,752,000 after acquiring an additional 124,610 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. DNB Markets assumed coverage on Tidewater in a report on Friday, November 29th. They set a “buy” rating and a $70.00 target price for the company. Evercore ISI cut Tidewater from an “outperform” rating to an “in-line” rating and reduced their target price for the company from $112.00 to $68.00 in a report on Wednesday, January 15th. Finally, Pickering Energy Partners cut Tidewater from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $92.50.

Insider Activity at Tidewater

In other Tidewater news, Director Robert Robotti acquired 25,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $40.11 per share, for a total transaction of $1,002,750.00. Following the completion of the transaction, the director now owns 2,208,670 shares of the company’s stock, valued at approximately $88,589,753.70. The trade was a 1.14 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 8.33% of the company’s stock.

Tidewater Price Performance

NYSE:TDW opened at $42.04 on Friday. Tidewater Inc. has a one year low of $38.65 and a one year high of $111.42. 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 stock has a market cap of $2.16 billion, a PE ratio of 12.36 and a beta of 1.06. The stock has a 50 day moving average price of $49.91 and a 200 day moving average price of $56.56.

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.