Public Sector Pension Investment Board Buys 24,352 Shares of Tidewater Inc. $TDW

Public Sector Pension Investment Board lifted its stake in Tidewater Inc. (NYSE:TDW) by 15.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 179,489 shares of the oil and gas company’s stock after buying an additional 24,352 shares during the quarter. Public Sector Pension Investment Board’s holdings in Tidewater were worth $9,572,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TDW. Blume Capital Management Inc. grew its stake in Tidewater by 128.3% during the third quarter. Blume Capital Management Inc. now owns 525 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 295 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Tidewater by 401.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 516 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 413 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Tidewater by 4,245.0% in the second quarter. Parkside Financial Bank & Trust now owns 869 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 849 shares during the last quarter. Bogart Wealth LLC increased its holdings in shares of Tidewater by 28.6% in the second quarter. Bogart Wealth LLC now owns 900 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 200 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Tidewater by 83.6% in the second quarter. CWM LLC now owns 927 shares of the oil and gas company’s stock worth $43,000 after buying an additional 422 shares in the last quarter. Institutional investors own 95.13% of the company’s stock.

Tidewater Price Performance

Shares of Tidewater stock opened at $69.86 on Tuesday. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 23.52 and a beta of 0.64. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.79 and a current ratio of 2.89. The stock has a 50 day moving average price of $58.13 and a 200-day moving average price of $56.05. Tidewater Inc. has a one year low of $31.17 and a one year high of $71.57.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Zacks Research upgraded Tidewater from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Evercore lowered their target price on Tidewater from $67.00 to $65.00 and set an “in-line” rating for the company in a research report on Wednesday, November 12th. Dnb Nor Markets cut shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tidewater in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Tidewater has a consensus rating of “Hold” and a consensus target price of $67.50.

Insider Buying and Selling

In other Tidewater news, EVP Daniel A. Hudson sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $70.01, for a total transaction of $700,100.00. Following the transaction, the executive vice president owned 65,986 shares in the company, valued at $4,619,679.86. The trade was a 13.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 6.60% of the stock is owned by insiders.

Tidewater Company Profile

Tidewater Inc is a leading global provider of offshore marine support vessels, serving the energy sector with a focus on the oil and gas industry. Headquartered in Houston, Texas, the company operates a diverse fleet of platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSs), crew boats and other specialized vessels designed to support offshore drilling, production and construction activities.

The company’s fleet is equipped to handle a range of maritime services, including the transport of personnel, equipment and bulk materials; anchor handling and mooring operations; and subsea construction support.