Amitell Capital Pte Ltd Sells 18,354 Shares of Tidewater Inc. $TDW

Amitell Capital Pte Ltd cut its position in Tidewater Inc. (NYSE:TDW) by 31.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,105 shares of the oil and gas company’s stock after selling 18,354 shares during the period. Tidewater accounts for about 1.3% of Amitell Capital Pte Ltd’s investment portfolio, making the stock its 29th biggest position. Amitell Capital Pte Ltd owned 0.08% of Tidewater worth $2,139,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Blume Capital Management Inc. boosted its holdings in shares of 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 acquiring an additional 295 shares in the last quarter. Hantz Financial Services Inc. increased 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 purchasing an additional 413 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Tidewater by 4,245.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 869 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 849 shares during the last quarter. CWM LLC boosted its stake in Tidewater by 83.6% in the second quarter. CWM LLC now owns 927 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 422 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Tidewater by 701.6% in the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 870 shares in the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

Tidewater Price Performance

TDW opened at $78.57 on Thursday. The company has a fifty day moving average price of $60.83 and a two-hundred day moving average price of $56.98. The firm has a market capitalization of $3.89 billion, a PE ratio of 26.46 and a beta of 0.65. Tidewater Inc. has a 52 week low of $31.17 and a 52 week high of $82.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.79 and a current ratio of 2.89.

Analyst Ratings Changes

A number of analysts have recently weighed in on TDW shares. Evercore lowered their target price on Tidewater from $67.00 to $65.00 and set an “in-line” rating for the company in a research note on Wednesday, November 12th. Weiss Ratings restated a “hold (c)” rating on shares of Tidewater in a research report on Monday, December 29th. Raymond James Financial reaffirmed an “outperform” rating on shares of Tidewater in a research note on Monday. Finally, Zacks Research raised shares of Tidewater from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $67.50.

Insider Activity at Tidewater

In related news, EVP Daniel A. Hudson sold 15,000 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $77.50, for a total value of $1,162,500.00. Following the completion of the sale, the executive vice president owned 50,986 shares in the company, valued at approximately $3,951,415. This represents a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 6.60% of the stock is currently owned by company insiders.

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.