Ruffer LLP Decreases Position in Tidewater Inc. (TDW)
Ruffer LLP lowered its stake in shares of Tidewater Inc. (NYSE:TDW) by 50.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,000 shares of the oil and gas company’s stock after selling 15,000 shares during the period. Ruffer LLP owned about 0.06% of Tidewater worth $287,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Tidewater by 98.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,910 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 946 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Tidewater during the fourth quarter worth about $46,000. Teachers Advisors LLC increased its stake in shares of Tidewater by 5.6% during the third quarter. Teachers Advisors LLC now owns 48,352 shares of the oil and gas company’s stock worth $1,508,000 after purchasing an additional 2,577 shares in the last quarter. Contravisory Investment Management Inc. purchased a new stake in shares of Tidewater during the fourth quarter worth about $79,000. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Tidewater by 8.4% during the third quarter. TIAA CREF Investment Management LLC now owns 56,979 shares of the oil and gas company’s stock worth $1,777,000 after purchasing an additional 4,429 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently commented on the stock. TheStreet cut shares of Tidewater from a “c-” rating to a “d” rating in a research note on Friday, November 30th. ValuEngine cut shares of Tidewater from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd.
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Tidewater Inc provides offshore service 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 exploration, field development, and production, 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, remotely operated vehicle (ROV) operations, and seismic and subsea support; and various specialized services, such as pipe and cable laying.
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