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

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

A number of other hedge funds have also added to or reduced their stakes in the business. Fortitude Family Office LLC bought a new stake in shares of Tidewater in the 4th quarter valued at $33,000. AlphaQuest LLC increased its stake in Tidewater by 177.4% in the fourth 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 in the last quarter. Headlands Technologies LLC bought a new position in shares of Tidewater during the 4th quarter worth about $53,000. EverSource Wealth Advisors LLC grew its stake in shares of Tidewater by 45.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company’s stock valued at $58,000 after buying an additional 333 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in 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 worth $70,000 after acquiring an additional 1,211 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tidewater

In other news, Director Robert Robotti acquired 1,770 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $40.95 per share, with a total value of $72,481.50. Following the acquisition, the director now owns 2,183,670 shares in the company, valued at $89,421,286.50. The trade was a 0.08 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 8.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TDW shares. Pickering Energy Partners lowered Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Evercore ISI cut shares of Tidewater from an “outperform” rating to an “in-line” rating and dropped their price target for the company from $112.00 to $68.00 in a research report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.50.

Tidewater Price Performance

Shares of NYSE TDW opened at $36.37 on Friday. The company has a quick ratio of 2.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $1.87 billion, a PE ratio of 10.70 and a beta of 0.70. The stock’s 50 day moving average price is $40.38 and its 200-day moving average price is $50.09. Tidewater Inc. has a twelve month low of $31.17 and a twelve month high of $111.42.

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.