Schwab Charles Investment Management Inc. Has $1.74 Million Position in TIDEWATER INC (TDW)
Schwab Charles Investment Management Inc. boosted its position in shares of TIDEWATER INC (NYSE:TDW) by 8.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,509,791 shares of the oil and gas company’s stock after buying an additional 112,779 shares during the period. Schwab Charles Investment Management Inc. owned 3.21% of TIDEWATER INC worth $1,737,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in TIDEWATER INC during the fourth quarter worth $119,000. JPMorgan Chase & Co. raised its stake in TIDEWATER INC by 502.8% in the first quarter. JPMorgan Chase & Co. now owns 115,513 shares of the oil and gas company’s stock worth $133,000 after buying an additional 96,350 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in TIDEWATER INC by 339.4% in the first quarter. UBS Asset Management Americas Inc. now owns 135,629 shares of the oil and gas company’s stock worth $156,000 after buying an additional 104,759 shares in the last quarter. Principal Financial Group Inc. raised its stake in TIDEWATER INC by 3.5% in the first quarter. Principal Financial Group Inc. now owns 375,854 shares of the oil and gas company’s stock worth $432,000 after buying an additional 12,576 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its stake in TIDEWATER INC by 369.5% in the first quarter. OppenheimerFunds Inc. now owns 526,225 shares of the oil and gas company’s stock worth $605,000 after buying an additional 414,142 shares in the last quarter.
TIDEWATER INC (NYSE TDW) traded up 1.06% during mid-day trading on Friday, reaching $24.75. 52,672 shares of the company’s stock were exchanged. TIDEWATER INC has a one year low of $20.37 and a one year high of $144.84. The company’s 50-day moving average is $26.22 and its 200 day moving average is $29.77. The firm’s market capitalization is $1.17 billion.
TIDEWATER INC (NYSE:TDW) last posted its earnings results on Monday, June 12th. The oil and gas company reported ($0.94) earnings per share for the quarter, topping the consensus estimate of ($1.29) by $0.35. The business had revenue of $160.75 million for the quarter, compared to analysts’ expectations of $118.75 million. Equities analysts predict that TIDEWATER INC will post ($143.64) earnings per share for the current fiscal year.
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A number of research firms have weighed in on TDW. Clarkson Capital upgraded shares of TIDEWATER INC from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 15th. BidaskClub lowered shares of TIDEWATER INC from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Finally, Zacks Investment Research lowered shares of TIDEWATER INC from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $1.00.
TIDEWATER INC Company Profile
Tidewater Inc provides offshore service vessels and marine support services. The Company operates through four segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. Its Americas segment includes the activities of the Company’s North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations of offshore Mexico, Trinidad and Brazil.
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