180 Wealth Advisors LLC Acquires 1,069 Shares of Tidewater Inc. (NYSE:TDW)

180 Wealth Advisors LLC grew its holdings in Tidewater Inc. (NYSE:TDW) by 27.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,035 shares of the oil and gas company’s stock after buying an additional 1,069 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Tidewater were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of TDW. Quarry LP purchased a new position in Tidewater during the second quarter valued at approximately $27,000. Hollencrest Capital Management purchased a new position in Tidewater during the second quarter valued at approximately $30,000. Fortitude Family Office LLC purchased a new position in Tidewater during the fourth quarter valued at approximately $33,000. GAMMA Investing LLC grew its stake in Tidewater by 163.5% during the third quarter. GAMMA Investing LLC now owns 701 shares of the oil and gas company’s stock valued at $50,000 after acquiring an additional 435 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new position in Tidewater during the third quarter valued at approximately $65,000. Institutional investors own 95.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. DNB Markets started coverage on shares of Tidewater in a research note on Friday, November 29th. They set a “buy” rating and a $70.00 price objective for the company. Evercore ISI cut shares of Tidewater from an “outperform” rating to an “in-line” rating and cut their price target for the stock from $112.00 to $68.00 in a research note on Wednesday. Raymond James cut shares of Tidewater from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $131.00 to $102.00 in a research note on Monday, November 11th. Finally, StockNews.com raised shares of Tidewater from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.60.

Tidewater Trading Up 3.3 %

Shares of TDW opened at $56.47 on Thursday. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 16.61 and a beta of 1.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. Tidewater Inc. has a fifty-two week low of $46.50 and a fifty-two week high of $111.42. The firm has a 50 day moving average price of $52.39 and a 200-day moving average price of $70.86.

Insider Transactions at Tidewater

In other Tidewater news, CEO Quintin Kneen acquired 41,615 shares of the stock in a transaction dated Friday, December 13th. The stock was purchased at an average cost of $48.06 per share, for a total transaction of $2,000,016.90. Following the acquisition, the chief executive officer now owns 176,239 shares in the company, valued at $8,470,046.34. The trade was a 30.91 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 8.33% of the company’s stock.

Tidewater Profile

Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.