Robotti Robert Has $144.05 Million Stock Holdings in Tidewater Inc. (NYSE:TDW)

Robotti Robert grew its holdings in Tidewater Inc. (NYSE:TDW) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,632,980 shares of the oil and gas company’s stock after purchasing an additional 28,083 shares during the quarter. Tidewater makes up approximately 25.3% of Robotti Robert’s holdings, making the stock its biggest holding. Robotti Robert owned about 5.03% of Tidewater worth $144,050,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Pacer Advisors Inc. increased its holdings in Tidewater by 42,719.6% in the fourth quarter. Pacer Advisors Inc. now owns 1,394,207 shares of the oil and gas company’s stock valued at $76,277,000 after purchasing an additional 1,390,951 shares during the last quarter. Villere ST Denis J & Co. LLC increased its stake in shares of Tidewater by 35.1% in the 4th quarter. Villere ST Denis J & Co. LLC now owns 486,808 shares of the oil and gas company’s stock valued at $26,633,000 after acquiring an additional 126,441 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of Tidewater by 135.6% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 219,183 shares of the oil and gas company’s stock valued at $11,992,000 after acquiring an additional 126,162 shares during the period. Van ECK Associates Corp raised its position in shares of Tidewater by 17.5% in the 4th quarter. Van ECK Associates Corp now owns 836,253 shares of the oil and gas company’s stock valued at $45,752,000 after acquiring an additional 124,610 shares during the period. Finally, Empire Life Investments Inc. boosted its stake in Tidewater by 29.6% during the 4th quarter. Empire Life Investments Inc. now owns 380,890 shares of the oil and gas company’s stock worth $20,838,000 after acquiring an additional 87,006 shares during the last quarter. Institutional investors own 95.13% of the company’s stock.

Insider Buying and Selling at Tidewater

In other Tidewater news, Director Robert Robotti acquired 25,000 shares of Tidewater stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $40.11 per share, for a total transaction of $1,002,750.00. Following the purchase, 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 SEC, which can be accessed through this link. Company insiders own 8.33% of the company’s stock.

Wall Street Analysts Forecast Growth

TDW has been the subject of several recent analyst reports. Evercore ISI downgraded shares of Tidewater from an “outperform” rating to an “in-line” rating and lowered their target price for the company from $112.00 to $68.00 in a research note 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. Finally, DNB Markets assumed coverage on shares of Tidewater in a report on Friday, November 29th. They set a “buy” rating and a $70.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $92.50.

Tidewater Price Performance

NYSE TDW opened at $44.50 on Thursday. Tidewater Inc. has a 12-month low of $38.65 and a 12-month high of $111.42. The firm’s 50 day moving average is $49.23 and its 200-day moving average is $55.86. The company has a market capitalization of $2.29 billion, a PE ratio of 13.09 and a beta of 1.06. The company has a quick ratio of 2.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.54.

About Tidewater

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.