Raynor Geoffrey grew its holdings in shares of Tidewater Inc. (NYSE:TDW) by 102.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 406,778 shares of the oil and gas company’s stock after buying an additional 205,358 shares during the quarter. Tidewater accounts for about 19.7% of Raynor Geoffrey’s holdings, making the stock its 3rd biggest position. Raynor Geoffrey owned approximately 1.86% of Tidewater worth $9,925,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Jefferies Group LLC purchased a new position in Tidewater during the fourth quarter worth about $233,000. Ellington Management Group LLC purchased a new position in Tidewater during the fourth quarter worth about $237,000. BlueCrest Capital Management Ltd purchased a new position in Tidewater during the fourth quarter worth about $319,000. Tocqueville Asset Management L.P. purchased a new position in Tidewater during the fourth quarter worth about $630,000. Finally, California Public Employees Retirement System boosted its holdings in Tidewater by 14.6% during the fourth quarter. California Public Employees Retirement System now owns 40,406 shares of the oil and gas company’s stock worth $986,000 after purchasing an additional 5,136 shares during the last quarter.
Tidewater Inc. (TDW) opened at $25.90 on Monday. Tidewater Inc. has a twelve month low of $20.37 and a twelve month high of $30.35. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.36 and a quick ratio of 3.24.
Tidewater Inc provides offshore service vessels and marine support services. The Company operates through four segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. Its Americas segment includes the activities of the Company’s North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations of offshore Mexico, Trinidad and Brazil.
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