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

Public Sector Pension Investment Board boosted its stake in shares of Tidewater Inc. (NYSE:TDW) by 15.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 179,489 shares of the oil and gas company’s stock after purchasing an additional 24,352 shares during the period. Public Sector Pension Investment Board owned about 0.36% of Tidewater worth $9,572,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. lifted 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 buying an additional 413 shares during the period. Blume Capital Management Inc. lifted its holdings in Tidewater by 128.3% in 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 during the period. Parkside Financial Bank & Trust boosted its position in 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 grew its stake in shares of Tidewater by 28.6% during the 2nd quarter. Bogart Wealth LLC now owns 900 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 200 shares during the period. Finally, CWM LLC increased its position in shares of Tidewater by 83.6% during the 2nd quarter. CWM LLC now owns 927 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 422 shares during the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Insider Buying and Selling at Tidewater

In other news, EVP Daniel A. Hudson sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $70.01, for a total value of $700,100.00. Following the completion of the transaction, the executive vice president owned 65,986 shares of the company’s stock, valued at $4,619,679.86. This represents 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 hyperlink. 6.60% of the stock is currently owned by company insiders.

Tidewater Stock Up 3.4%

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Tidewater in a research report on Monday, December 29th. Dnb Nor Markets downgraded Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Zacks Research raised Tidewater from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Evercore decreased their price objective on Tidewater from $67.00 to $65.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $67.50.

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.