FNY Investment Advisers LLC Acquires Shares of 1,750 Tidewater Inc. (NYSE:TDW)

FNY Investment Advisers LLC bought a new position in shares of Tidewater Inc. (NYSE:TDW) during the fourth quarter, Holdings Channel reports. The firm bought 1,750 shares of the oil and gas company’s stock, valued at approximately $95,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tidal Investments LLC raised its position in Tidewater by 8.1% in the third quarter. Tidal Investments LLC now owns 3,575 shares of the oil and gas company’s stock worth $257,000 after acquiring an additional 267 shares during the period. Xponance Inc. increased its stake in shares of Tidewater by 9.9% during the 2nd quarter. Xponance Inc. now owns 3,092 shares of the oil and gas company’s stock worth $294,000 after purchasing an additional 279 shares during the last quarter. Quarry LP purchased a new position in Tidewater in the second quarter valued at approximately $27,000. Hollencrest Capital Management bought a new position in Tidewater during the second quarter valued at $30,000. Finally, Glenmede Trust Co. NA increased its position in Tidewater by 3.5% in the third quarter. Glenmede Trust Co. NA now owns 9,479 shares of the oil and gas company’s stock worth $680,000 after buying an additional 321 shares during the last quarter. 95.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, CEO Quintin Kneen purchased 41,615 shares of the company’s stock in a transaction on Friday, December 13th. The stock was purchased at an average price of $48.06 per share, with a total value of $2,000,016.90. Following the completion of the purchase, the chief executive officer now directly owns 176,239 shares in the company, valued at approximately $8,470,046.34. This trade represents a 30.91 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.33% of the stock is currently owned by company insiders.

Tidewater Trading Up 3.3 %

Shares of Tidewater stock opened at $56.47 on Thursday. The company’s 50-day moving average price is $52.39 and its 200-day moving average price is $70.86. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. Tidewater Inc. has a 12-month low of $46.50 and a 12-month high of $111.42. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 16.61 and a beta of 1.06.

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.