Tejara Capital Ltd Buys New Holdings in Tidewater Inc. (NYSE:TDW)

Tejara Capital Ltd bought a new stake in shares of Tidewater Inc. (NYSE:TDW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 39,600 shares of the oil and gas company’s stock, valued at approximately $2,167,000. Tidewater accounts for approximately 1.4% of Tejara Capital Ltd’s investment portfolio, making the stock its 21st biggest position. Tejara Capital Ltd owned about 0.08% of Tidewater at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp raised its holdings in shares of Tidewater by 1.9% during the 3rd quarter. State Street Corp now owns 1,867,165 shares of the oil and gas company’s stock worth $134,044,000 after acquiring an additional 35,318 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Tidewater by 42,719.6% during the 4th quarter. Pacer Advisors Inc. now owns 1,394,207 shares of the oil and gas company’s stock valued at $76,277,000 after buying an additional 1,390,951 shares during the period. Geode Capital Management LLC raised its holdings in Tidewater by 0.5% during the 3rd 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 buying an additional 5,713 shares during the period. Van ECK Associates Corp raised its holdings in Tidewater by 17.5% during the 4th quarter. Van ECK Associates Corp now owns 836,253 shares of the oil and gas company’s stock valued at $45,752,000 after buying an additional 124,610 shares during the period. Finally, Cerity Partners LLC raised its holdings in Tidewater by 173.4% during the 3rd quarter. Cerity Partners LLC now owns 608,245 shares of the oil and gas company’s stock valued at $43,666,000 after buying an additional 385,779 shares during the period. Institutional investors own 95.13% of the company’s stock.

Insider Transactions at Tidewater

In other news, Director Robert Robotti purchased 25,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 2,208,670 shares of the company’s stock, valued at $88,589,753.70. This represents a 1.14 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 8.33% of the company’s stock.

Tidewater Stock Performance

Shares of Tidewater stock opened at $41.48 on Tuesday. Tidewater Inc. has a 52 week low of $38.65 and a 52 week high of $111.42. The company has a quick ratio of 2.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average is $51.03 and its two-hundred day moving average is $57.59. The company has a market capitalization of $2.14 billion, a PE ratio of 12.20 and a beta of 1.06.

Analysts Set New Price Targets

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

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.