Dimensional Fund Advisors LP Raises Stock Holdings in Tidewater Inc. (NYSE:TDW)

Dimensional Fund Advisors LP increased its position in Tidewater Inc. (NYSE:TDW – Get Rating) by 17.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,373,470 shares of the oil and gas company’s stock after buying an additional 206,306 shares during the quarter. Dimensional Fund Advisors LP owned 2.95% of Tidewater worth $29,805,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in shares of Tidewater by 759.7% in the third quarter. Tower Research Capital LLC TRC now owns 11,021 shares of the oil and gas company’s stock worth $239,000 after buying an additional 9,739 shares during the period. Amalgamated Bank increased its position in Tidewater by 8.6% during the 3rd quarter. Amalgamated Bank now owns 5,368 shares of the oil and gas company’s stock valued at $116,000 after purchasing an additional 424 shares during the period. Great Lakes Advisors LLC purchased a new position in Tidewater during the 3rd quarter valued at $4,417,000. Valueworks LLC increased its position in Tidewater by 0.7% during the 3rd quarter. Valueworks LLC now owns 451,541 shares of the oil and gas company’s stock valued at $9,798,000 after purchasing an additional 2,960 shares during the period. Finally, New York State Common Retirement Fund increased its position in Tidewater by 14.5% during the 3rd quarter. New York State Common Retirement Fund now owns 63,764 shares of the oil and gas company’s stock valued at $1,384,000 after purchasing an additional 8,059 shares during the period. 88.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Tidewater from a “sell” rating to a “hold” rating in a research report on Monday, November 7th.

Tidewater Stock Up 3.0 %

Shares of Tidewater stock opened at $49.50 on Friday. Tidewater Inc. has a 12-month low of $15.36 and a 12-month high of $51.65. The company has a market cap of $2.50 billion, a P/E ratio of -82.50 and a beta of 1.33. The company has a current ratio of 1.94, a quick ratio of 1.77 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $41.65 and its two-hundred day simple moving average is $32.33.

Tidewater Profile

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Tidewater, Inc engages in the provision of offshore marine support and transportation services to the offshore energy industry. It offers the towing of, and anchor handling for, mobile offshore drilling units, transporting supplies and personnel necessary to sustain drilling, work over and production activities, offshore construction and seismic and subsea support, geotechnical survey for wind farm construction, and a variety of specialized services such as pipe and cable laying.