Tidewater Inc. (NYSE:TDW) Shares Sold by CenterBook Partners LP

CenterBook Partners LP reduced its stake in Tidewater Inc. (NYSE:TDW) by 97.7% in the 4th quarter, Holdings Channel reports. The firm owned 7,281 shares of the oil and gas company’s stock after selling 309,805 shares during the quarter. CenterBook Partners LP’s holdings in Tidewater were worth $398,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TDW. Fortitude Family Office LLC purchased a new stake in shares of Tidewater in the fourth quarter worth about $33,000. AlphaQuest LLC boosted its holdings in Tidewater by 177.4% in the 4th quarter. AlphaQuest LLC now owns 799 shares of the oil and gas company’s stock worth $44,000 after acquiring an additional 511 shares during the period. Headlands Technologies LLC purchased a new position in Tidewater in the 4th quarter worth approximately $53,000. EverSource Wealth Advisors LLC raised its stake in shares of Tidewater by 45.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company’s stock valued at $58,000 after purchasing an additional 333 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in shares of Tidewater by 2,018.3% during the fourth quarter. Venturi Wealth Management LLC now owns 1,271 shares of the oil and gas company’s stock worth $70,000 after purchasing an additional 1,211 shares in the last quarter. 95.13% of the stock is owned by hedge funds and other institutional investors.

Tidewater Stock Up 4.8 %

TDW stock opened at $35.30 on Friday. The company has a market capitalization of $1.82 billion, a P/E ratio of 10.38 and a beta of 0.70. The firm has a 50 day simple moving average of $44.48 and a 200-day simple moving average of $52.53. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. Tidewater Inc. has a twelve month low of $31.17 and a twelve month high of $111.42.

Wall Street Analysts Forecast Growth

TDW has been the subject of a number of recent analyst reports. Evercore ISI lowered shares of Tidewater from an “outperform” rating to an “in-line” rating and lowered their price target for the company from $112.00 to $68.00 in a report on Wednesday, January 15th. Pickering Energy Partners cut shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.50.

Insiders Place Their Bets

In other news, Director Robert Robotti bought 25,000 shares of Tidewater stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $40.11 per share, with a total value of $1,002,750.00. Following the acquisition, the director now directly owns 2,208,670 shares in the company, valued at approximately $88,589,753.70. This represents a 1.14 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.33% of the stock is owned by company insiders.

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.