Alta Fundamental Advisers LLC bought a new position in shares of Tidewater Inc. (NYSE:TDW) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,420,147 shares of the oil and gas company’s stock, valued at approximately $1,023,000. Tidewater comprises approximately 0.9% of Alta Fundamental Advisers LLC’s holdings, making the stock its 18th largest position. Alta Fundamental Advisers LLC owned 3.01% of Tidewater as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of TDW. Bank of New York Mellon Corp increased its holdings in Tidewater by 391.0% during the first quarter. Bank of New York Mellon Corp now owns 3,082,382 shares of the oil and gas company’s stock worth $3,545,000 after buying an additional 2,454,595 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in Tidewater by 339.4% during the first quarter. UBS Asset Management Americas Inc. now owns 135,629 shares of the oil and gas company’s stock worth $156,000 after buying an additional 104,759 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Tidewater by 502.8% during the first quarter. JPMorgan Chase & Co. now owns 115,513 shares of the oil and gas company’s stock worth $133,000 after buying an additional 96,350 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in Tidewater by 369.5% during the first quarter. OppenheimerFunds Inc. now owns 526,225 shares of the oil and gas company’s stock worth $605,000 after buying an additional 414,142 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Tidewater by 3.5% during the first quarter. Principal Financial Group Inc. now owns 375,854 shares of the oil and gas company’s stock worth $432,000 after buying an additional 12,576 shares during the last quarter.

Tidewater Inc. (NYSE:TDW) traded up 0.22% during trading on Friday, reaching $27.06. 46,782 shares of the company’s stock were exchanged. The firm’s market cap is $1.28 billion. The firm’s 50-day moving average price is $26.80 and its 200-day moving average price is $27.03. Tidewater Inc. has a 12 month low of $20.37 and a 12 month high of $144.84.

TDW has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Tidewater from a “hold” rating to a “buy” rating and set a $1.00 target price on the stock in a report on Wednesday, July 19th. Clarkson Capital upgraded shares of Tidewater from a “neutral” rating to a “buy” rating in a report on Tuesday, August 15th. Finally, BidaskClub raised shares of Tidewater from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $1.00.

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Tidewater Company Profile

Tidewater Inc provides offshore service vessels and marine support services. The Company operates through four segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. Its Americas segment includes the activities of the Company’s North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations of offshore Mexico, Trinidad and Brazil.

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Institutional Ownership by Quarter for Tidewater (NYSE:TDW)

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