Oxford Asset Management LLP Takes $762,000 Position in Tidewater Inc. (NYSE:TDW)

Oxford Asset Management LLP bought a new stake in Tidewater Inc. (NYSE:TDW) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 13,920 shares of the oil and gas company’s stock, valued at approximately $762,000.

A number of other institutional investors have also recently bought and sold shares of TDW. Fortitude Family Office LLC bought a new stake in shares of Tidewater during the fourth quarter worth approximately $33,000. AlphaQuest LLC boosted its stake in Tidewater by 177.4% in the 4th quarter. AlphaQuest LLC now owns 799 shares of the oil and gas company’s stock valued at $44,000 after purchasing an additional 511 shares during the period. Headlands Technologies LLC bought a new position in Tidewater during the 4th quarter worth $53,000. EverSource Wealth Advisors LLC lifted its holdings 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 worth $58,000 after buying an additional 333 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Tidewater by 2,018.3% in the fourth quarter. Venturi Wealth Management LLC now owns 1,271 shares of the oil and gas company’s stock valued at $70,000 after acquiring an additional 1,211 shares during the period. Institutional investors and hedge funds own 95.13% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert Robotti acquired 25,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $40.11 per share, for a total transaction of $1,002,750.00. Following the transaction, the director now directly owns 2,208,670 shares in the company, valued at $88,589,753.70. This trade represents a 1.14 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TDW. Evercore ISI downgraded shares of Tidewater from an “outperform” rating to an “in-line” rating and cut their price objective for the company from $112.00 to $68.00 in a report on Wednesday, January 15th. Pickering Energy Partners downgraded Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $92.50.

Tidewater Price Performance

Tidewater stock opened at $36.37 on Friday. The stock has a fifty day moving average of $40.38 and a 200-day moving average of $50.09. The stock has a market capitalization of $1.87 billion, a P/E ratio of 10.70 and a beta of 0.70. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. Tidewater Inc. has a 52 week low of $31.17 and a 52 week high of $111.42.

Tidewater 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.