WINTON GROUP Ltd Takes $5.02 Million Position in Tidewater Inc. $TDW

WINTON GROUP Ltd bought a new position in shares of Tidewater Inc. (NYSE:TDW) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 94,192 shares of the oil and gas company’s stock, valued at approximately $5,023,000. WINTON GROUP Ltd owned approximately 0.19% of Tidewater at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blume Capital Management Inc. lifted its holdings in Tidewater by 128.3% in the 3rd quarter. Blume Capital Management Inc. now owns 525 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 295 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in 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 in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Tidewater by 4,245.0% during the second quarter. Parkside Financial Bank & Trust now owns 869 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 849 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Tidewater by 701.6% during the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the oil and gas company’s stock valued at $46,000 after buying an additional 870 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Tidewater in the second quarter worth $47,000. Institutional investors own 95.13% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Daniel A. Hudson sold 15,000 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $77.50, for a total value of $1,162,500.00. Following the completion of the transaction, the executive vice president owned 50,986 shares of the company’s stock, valued at approximately $3,951,415. This trade represents a 22.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Samuel R. Rubio sold 22,461 shares of Tidewater stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $80.05, for a total value of $1,798,003.05. Following the completion of the transaction, the executive vice president owned 60,066 shares of the company’s stock, valued at approximately $4,808,283.30. This represents a 27.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 52,656 shares of company stock valued at $4,079,112 over the last three months. Corporate insiders own 6.60% of the company’s stock.

Tidewater Stock Up 4.2%

NYSE TDW opened at $81.07 on Tuesday. The stock has a 50 day moving average price of $65.66 and a 200-day moving average price of $58.37. Tidewater Inc. has a one year low of $31.17 and a one year high of $88.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.78 and a current ratio of 2.90. The company has a market capitalization of $4.02 billion, a P/E ratio of 12.14 and a beta of 0.57.

Tidewater (NYSE:TDW) last announced its quarterly 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 company had revenue of $336.80 million for the quarter, compared to analysts’ expectations of $329.39 million. Tidewater had a net margin of 24.74% and a return on equity of 12.34%. Tidewater’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.70 earnings per share. As a group, equities analysts predict that Tidewater Inc. will post 3.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TDW has been the subject of a number of research reports. Evercore dropped their target price on shares of Tidewater from $67.00 to $65.00 and set an “in-line” rating for the company in a research report on Wednesday, November 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tidewater in a report on Monday, December 29th. Dawson James reiterated an “outperform” rating on shares of Tidewater in a research note on Tuesday, March 3rd. Zacks Research raised shares of Tidewater from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Raymond James Financial set a $117.00 price objective on Tidewater in a research report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $91.00.

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.