WINTON GROUP Ltd Takes Position in Tidewater Inc. $TDW

WINTON GROUP Ltd bought a new position in Tidewater Inc. (NYSE:TDW) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 94,192 shares of the oil and gas company’s stock, valued at approximately $5,023,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TDW. Federated Hermes Inc. bought a new stake in Tidewater in the second quarter worth $28,199,000. American Century Companies Inc. increased its position in Tidewater by 291.8% during the second quarter. American Century Companies Inc. now owns 556,481 shares of the oil and gas company’s stock valued at $25,670,000 after acquiring an additional 414,454 shares during the last quarter. Boston Partners raised its stake in shares of Tidewater by 1,118.5% in the second quarter. Boston Partners now owns 283,676 shares of the oil and gas company’s stock valued at $14,089,000 after acquiring an additional 260,395 shares during the period. Victory Capital Management Inc. raised its stake in shares of Tidewater by 319.1% in the third quarter. Victory Capital Management Inc. now owns 303,015 shares of the oil and gas company’s stock valued at $16,160,000 after acquiring an additional 230,706 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Tidewater by 159.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 358,563 shares of the oil and gas company’s stock worth $16,541,000 after acquiring an additional 220,473 shares during the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Insider Transactions at Tidewater

In related news, EVP Samuel R. Rubio sold 22,461 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $80.05, for a total value of $1,798,003.05. Following the completion of the sale, the executive vice president owned 60,066 shares in the company, valued at approximately $4,808,283.30. The trade was a 27.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel A. Hudson sold 15,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 50,986 shares in the company, valued at approximately $3,951,415. This trade represents a 22.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 52,656 shares of company stock worth $4,079,112 over the last 90 days. Insiders own 6.60% of the company’s stock.

Tidewater Stock Up 4.2%

Shares of TDW opened at $81.07 on Tuesday. The firm has a fifty day moving average price of $65.66 and a 200-day moving average price of $58.37. The company has a current ratio of 2.90, a quick ratio of 2.78 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $4.02 billion, a P/E ratio of 12.14 and a beta of 0.57. Tidewater Inc. has a 12-month low of $31.17 and a 12-month high of $88.99.

Tidewater (NYSE:TDW) last posted its quarterly earnings results on Monday, March 2nd. The oil and gas company reported $4.41 EPS for the quarter, topping the consensus estimate of $0.77 by $3.64. Tidewater had a net margin of 24.74% and a return on equity of 12.34%. The company had revenue of $336.80 million for the quarter, compared to the consensus estimate of $329.39 million. During the same quarter last year, the firm posted $0.70 EPS. The firm’s revenue was down 2.4% compared to the same quarter last year. Equities research analysts expect that Tidewater Inc. will post 3.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TDW. Zacks Research raised shares of Tidewater from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Tidewater in a research report on Monday, December 29th. Dawson James reissued an “outperform” rating on shares of Tidewater in a research note on Tuesday, March 3rd. Evercore dropped their target price on Tidewater from $67.00 to $65.00 and set an “in-line” rating for the company in a research report on Wednesday, November 12th. Finally, Raymond James Financial set a $117.00 target price on Tidewater in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Tidewater currently has an average rating of “Hold” and an average target price of $91.00.

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.