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

Amitell Capital Pte Ltd lowered its position in shares of Tidewater Inc. (NYSE:TDW) by 31.4% in the third quarter, Holdings Channel reports. The firm owned 40,105 shares of the oil and gas company’s stock after selling 18,354 shares during the period. Tidewater accounts for 1.3% of Amitell Capital Pte Ltd’s investment portfolio, making the stock its 29th biggest holding. Amitell Capital Pte Ltd’s holdings in Tidewater were worth $2,139,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Robotti Robert boosted its position in shares of Tidewater by 3.3% during the second quarter. Robotti Robert now owns 2,951,533 shares of the oil and gas company’s stock worth $136,154,000 after purchasing an additional 94,902 shares in the last quarter. Third Avenue Management LLC raised its stake in Tidewater by 8.1% during the 2nd quarter. Third Avenue Management LLC now owns 875,157 shares of the oil and gas company’s stock worth $40,371,000 after buying an additional 65,899 shares during the period. Frontier Capital Management Co. LLC lifted its holdings in Tidewater by 14.3% during the second quarter. Frontier Capital Management Co. LLC now owns 744,237 shares of the oil and gas company’s stock worth $34,332,000 after acquiring an additional 92,884 shares in the last quarter. Federated Hermes Inc. bought a new position in Tidewater during the second quarter worth about $28,199,000. Finally, Hosking Partners LLP grew its stake in Tidewater by 0.7% in the third quarter. Hosking Partners LLP now owns 584,910 shares of the oil and gas company’s stock valued at $31,193,000 after acquiring an additional 4,088 shares during the period. 95.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, EVP Daniel A. Hudson sold 15,000 shares of Tidewater 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 sale, the executive vice president owned 50,986 shares of the company’s stock, valued at approximately $3,951,415. The trade was a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.60% of the company’s stock.

Tidewater Stock Down 1.1%

Shares of TDW stock opened at $78.57 on Thursday. The firm’s fifty day moving average price is $60.83 and its two-hundred day moving average price is $56.98. The company has a current ratio of 2.89, a quick ratio of 2.79 and a debt-to-equity ratio of 0.57. Tidewater Inc. has a 1 year low of $31.17 and a 1 year high of $82.00. The firm has a market capitalization of $3.89 billion, a P/E ratio of 26.46 and a beta of 0.65.

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.