Y Intercept Hong Kong Ltd Buys New Stake in Tidewater Inc. $TDW

Y Intercept Hong Kong Ltd purchased a new position in shares of Tidewater Inc. (NYSE:TDW) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,873 shares of the oil and gas company’s stock, valued at approximately $687,000.

A number of other hedge funds have also made changes to their positions in the business. Bogart Wealth LLC lifted its stake in Tidewater by 28.6% during the second quarter. Bogart Wealth LLC now owns 900 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 200 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Tidewater by 23.5% during the third quarter. Parkside Financial Bank & Trust now owns 1,073 shares of the oil and gas company’s stock worth $57,000 after purchasing an additional 204 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Tidewater by 4.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,165 shares of the oil and gas company’s stock worth $238,000 after buying an additional 224 shares during the last quarter. Altfest L J & Co. Inc. boosted its holdings in shares of Tidewater by 2.0% in the 3rd quarter. Altfest L J & Co. Inc. now owns 13,568 shares of the oil and gas company’s stock valued at $724,000 after buying an additional 272 shares in the last quarter. Finally, Lido Advisors LLC grew its position in shares of Tidewater by 5.6% in the 2nd quarter. Lido Advisors LLC now owns 5,152 shares of the oil and gas company’s stock valued at $238,000 after buying an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Tidewater Stock Performance

NYSE:TDW opened at $64.64 on Tuesday. The firm’s fifty day moving average price is $55.67 and its 200 day moving average price is $54.85. Tidewater Inc. has a 1-year low of $31.17 and a 1-year high of $65.14. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.89 and a quick ratio of 2.79. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 21.77 and a beta of 0.64.

Tidewater (NYSE:TDW) last announced its quarterly earnings data on Tuesday, November 11th. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.48). The firm had revenue of $341.11 million for the quarter, compared to analysts’ expectations of $328.84 million. Tidewater had a return on equity of 14.86% and a net margin of 11.14%.The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS. On average, sell-side analysts expect that Tidewater Inc. will post 3.25 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Zacks Research raised shares of Tidewater from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Tidewater in a research report on Monday, December 29th. Dnb Nor Markets lowered Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Evercore ISI decreased their price objective on Tidewater from $67.00 to $65.00 and set an “in-line” rating for the company in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $67.50.

About Tidewater

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.