Harbor Capital Advisors Inc. Increases Stake in Tidewater Inc. (NYSE:TDW)

Harbor Capital Advisors Inc. lifted its holdings in shares of Tidewater Inc. (NYSE:TDW) by 23.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 154,112 shares of the oil and gas company’s stock after buying an additional 29,721 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Tidewater were worth $8,431,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TDW. Quarry LP purchased a new stake in Tidewater during the 2nd quarter valued at about $27,000. Hollencrest Capital Management purchased a new position in shares of Tidewater in the 2nd quarter valued at approximately $30,000. Fortitude Family Office LLC purchased a new stake in shares of Tidewater in the 4th quarter worth about $33,000. GAMMA Investing LLC increased its stake in shares of Tidewater by 163.5% in the 3rd quarter. GAMMA Investing LLC now owns 701 shares of the oil and gas company’s stock worth $50,000 after acquiring an additional 435 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. bought a new stake in Tidewater during the third quarter worth about $65,000. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Analyst Upgrades and Downgrades

TDW has been the subject of a number of analyst reports. Raymond James downgraded shares of Tidewater from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from $131.00 to $102.00 in a research note on Monday, November 11th. DNB Markets started coverage on shares of Tidewater in a research report on Friday, November 29th. They issued a “buy” rating and a $70.00 price target on the stock. Finally, StockNews.com upgraded Tidewater from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Tidewater has a consensus rating of “Moderate Buy” and an average target price of $95.80.

Insider Activity at Tidewater

In other news, CEO Quintin Kneen acquired 41,615 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $48.06 per share, with a total value of $2,000,016.90. Following the transaction, the chief executive officer now directly owns 176,239 shares in the company, valued at approximately $8,470,046.34. This represents a 30.91 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.33% of the stock is currently owned by corporate insiders.

Tidewater Trading Up 0.3 %

TDW traded up $0.19 on Friday, reaching $56.03. 407,726 shares of the company traded hands, compared to its average volume of 924,159. The company has a market cap of $2.93 billion, a P/E ratio of 16.48 and a beta of 1.06. The company has a quick ratio of 2.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.54. Tidewater Inc. has a one year low of $46.50 and a one year high of $111.42. The firm has a fifty day simple moving average of $52.67 and a two-hundred day simple moving average of $71.99.

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.