Universal Beteiligungs und Servicegesellschaft mbH Buys New Holdings in Tidewater Inc. (NYSE:TDW)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Tidewater Inc. (NYSE:TDW) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 17,311 shares of the oil and gas company’s stock, valued at approximately $732,000.

Other large investors have also bought and sold shares of the company. Gallacher Capital Management LLC bought a new stake in shares of Tidewater in the first quarter worth about $243,000. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group purchased a new stake in Tidewater in the 1st quarter worth approximately $1,691,000. Victory Capital Management Inc. grew its position in shares of Tidewater by 22.5% in the 1st quarter. Victory Capital Management Inc. now owns 55,995 shares of the oil and gas company’s stock worth $2,367,000 after buying an additional 10,301 shares during the last quarter. Bogart Wealth LLC purchased a new position in shares of Tidewater during the first quarter valued at approximately $30,000. Finally, Signaturefd LLC increased its stake in shares of Tidewater by 33.3% during the first quarter. Signaturefd LLC now owns 1,128 shares of the oil and gas company’s stock valued at $48,000 after buying an additional 282 shares during the period. 95.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Robert Robotti purchased 15,000 shares of the company’s stock in a transaction dated Wednesday, June 4th. The shares were purchased at an average cost of $42.05 per share, with a total value of $630,750.00. Following the transaction, the director directly owned 2,234,957 shares in the company, valued at $93,979,941.85. This trade represents a 0.68% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel A. Hudson sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $50.02, for a total value of $250,100.00. Following the completion of the sale, the executive vice president owned 85,986 shares in the company, valued at $4,301,019.72. The trade was a 5.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 25,560 shares of company stock valued at $1,074,858. 8.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. BTIG Research cut shares of Tidewater from a “buy” rating to a “neutral” rating in a report on Monday, July 14th. Raymond James Financial dropped their target price on shares of Tidewater from $76.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $69.33.

Tidewater Trading Down 5.0%

TDW opened at $47.51 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.07 and a debt-to-equity ratio of 0.50. Tidewater Inc. has a 52 week low of $31.17 and a 52 week high of $91.76. The stock has a market cap of $2.35 billion, a PE ratio of 14.22 and a beta of 1.08. The business has a 50 day moving average of $47.18 and a 200-day moving average of $45.08.

Tidewater (NYSE:TDW) last posted its quarterly earnings data on Friday, May 9th. The oil and gas company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.24. Tidewater had a return on equity of 15.97% and a net margin of 12.98%. During the same period in the prior year, the business earned $0.89 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts predict that Tidewater Inc. will post 3.25 earnings per share for the current fiscal year.

Tidewater Profile

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.