Value Holdings Management CO. LLC Cuts Holdings in Tidewater Inc. $TDW

Value Holdings Management CO. LLC cut its position in shares of Tidewater Inc. (NYSE:TDW) by 16.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,000 shares of the oil and gas company’s stock after selling 12,000 shares during the period. Tidewater makes up about 0.5% of Value Holdings Management CO. LLC’s portfolio, making the stock its 28th biggest holding. Value Holdings Management CO. LLC owned about 0.13% of Tidewater worth $3,182,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TDW. Parkside Financial Bank & Trust boosted its position in shares of Tidewater by 23.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,073 shares of the oil and gas company’s stock valued at $57,000 after acquiring an additional 204 shares during the last quarter. Lido Advisors LLC lifted its position in Tidewater by 4.0% during the third quarter. Lido Advisors LLC now owns 5,360 shares of the oil and gas company’s stock valued at $286,000 after purchasing an additional 208 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Tidewater by 4.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,165 shares of the oil and gas company’s stock worth $238,000 after buying an additional 224 shares in the last quarter. Altfest L J & Co. Inc. increased its holdings in shares of Tidewater by 2.0% in the 3rd quarter. Altfest L J & Co. Inc. now owns 13,568 shares of the oil and gas company’s stock worth $724,000 after buying an additional 272 shares during the last quarter. Finally, Financial Enhancement Group LLC raised its position in shares of Tidewater by 1.4% during the 3rd quarter. Financial Enhancement Group LLC now owns 21,371 shares of the oil and gas company’s stock valued at $1,132,000 after buying an additional 288 shares in the last quarter. Institutional investors own 95.13% of the company’s stock.

Tidewater Stock Performance

Shares of Tidewater stock opened at $80.83 on Friday. The company has a quick ratio of 2.78, a current ratio of 2.90 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average is $71.33 and its two-hundred day moving average is $59.91. Tidewater Inc. has a 52 week low of $31.17 and a 52 week high of $88.99. The company has a market capitalization of $4.01 billion, a PE ratio of 12.10 and a beta of 0.57.

Tidewater (NYSE:TDW) last released its earnings results on Monday, March 2nd. The oil and gas company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $0.77 by $3.64. The business had revenue of $336.80 million during the quarter, compared to the consensus estimate of $329.39 million. Tidewater had a return on equity of 12.34% and a net margin of 24.74%.The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the company earned $0.70 earnings per share. As a group, analysts expect that Tidewater Inc. will post 3.25 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on TDW. Raymond James Financial set a $117.00 price target on Tidewater in a research report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tidewater in a research note on Monday, December 29th. Zacks Research upgraded Tidewater from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Dawson James reissued an “outperform” rating on shares of Tidewater in a research report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $91.00.

Insider Activity

In other news, EVP Samuel R. Rubio sold 22,461 shares of Tidewater stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $80.05, for a total transaction of $1,798,003.05. Following the completion of the sale, the executive vice president owned 60,066 shares of the company’s stock, valued at approximately $4,808,283.30. The trade was a 27.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel A. Hudson sold 5,195 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $80.56, for a total value of $418,509.20. Following the completion of the transaction, the executive vice president directly owned 45,971 shares in the company, valued at approximately $3,703,423.76. This trade represents a 10.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 52,656 shares of company stock valued at $4,079,112. 6.60% of the stock is owned by corporate insiders.

About Tidewater

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.