UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.84 Million Stock Position in Tidewater Inc. (NYSE:TDW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Tidewater Inc. (NYSE:TDW) by 3.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 39,577 shares of the oil and gas company’s stock after purchasing an additional 1,168 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.08% of Tidewater worth $2,841,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Tidewater in the 2nd quarter valued at about $27,000. Hollencrest Capital Management acquired a new stake in shares of Tidewater during the 2nd quarter worth approximately $30,000. GAMMA Investing LLC increased its stake in shares of Tidewater by 163.5% in the 3rd 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. Headlands Technologies LLC lifted its position in shares of Tidewater by 6,322.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,156 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 1,138 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Tidewater by 721.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,995 shares of the oil and gas company’s stock worth $197,000 after acquiring an additional 1,752 shares in the last quarter. Institutional investors own 95.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. DNB Markets initiated coverage on shares of Tidewater in a report on Friday, November 29th. They set a “buy” rating and a $70.00 price objective on the stock. Raymond James downgraded Tidewater from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $131.00 to $102.00 in a research note on Monday, November 11th. Finally, StockNews.com upgraded Tidewater from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Tidewater currently has a consensus rating of “Moderate Buy” and an average price target of $95.80.

Tidewater Price Performance

TDW stock opened at $47.64 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. The business has a 50-day simple moving average of $56.95 and a two-hundred day simple moving average of $78.09. The company has a market capitalization of $2.49 billion, a P/E ratio of 14.01 and a beta of 1.10. Tidewater Inc. has a 52-week low of $46.50 and a 52-week high of $111.42.

About Tidewater

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.