2,796 Shares in Tidewater Inc. (NYSE:TDW) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in shares of Tidewater Inc. (NYSE:TDW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,796 shares of the oil and gas company’s stock, valued at approximately $153,000.

Other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. grew its stake in Tidewater by 42,719.6% in 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 last quarter. Norges Bank acquired a new stake in shares of Tidewater in the fourth quarter valued at about $32,388,000. Villere ST Denis J & Co. LLC increased its stake in shares of Tidewater by 35.1% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 486,808 shares of the oil and gas company’s stock worth $26,633,000 after purchasing an additional 126,441 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in shares of Tidewater by 135.6% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 219,183 shares of the oil and gas company’s stock worth $11,992,000 after purchasing an additional 126,162 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake 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 purchasing an additional 124,610 shares during the period. Institutional investors own 95.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on TDW shares. Pickering Energy Partners lowered Tidewater from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Evercore ISI downgraded shares of Tidewater from an “outperform” rating to an “in-line” rating and reduced their price target for the company from $112.00 to $68.00 in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tidewater presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.50.

Tidewater Stock Performance

Shares of NYSE TDW opened at $43.34 on Thursday. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 12.75 and a beta of 1.06. Tidewater Inc. has a one year low of $38.65 and a one year high of $111.42. The business has a fifty day simple moving average of $47.99 and a 200 day simple moving average of $54.89. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54.

Insider Buying and Selling at Tidewater

In other Tidewater news, Director Robert Robotti bought 25,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $40.11 per share, for a total transaction of $1,002,750.00. Following the transaction, the director now owns 2,208,670 shares in the company, valued at approximately $88,589,753.70. The trade was a 1.14 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 8.33% of the company’s stock.

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.