Fermata Advisors LLC Has $217,000 Holdings in Tidewater Inc. (NYSE:TDW)

Fermata Advisors LLC increased its stake in shares of Tidewater Inc. (NYSE:TDW) by 20.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,970 shares of the oil and gas company’s stock after acquiring an additional 680 shares during the period. Fermata Advisors LLC’s holdings in Tidewater were worth $217,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Centiva Capital LP acquired a new position in Tidewater during the third quarter valued at approximately $958,000. Teachers Retirement System of The State of Kentucky acquired a new position in Tidewater in the 2nd quarter valued at $1,241,000. Raymond James & Associates raised its holdings in Tidewater by 11.9% in the 3rd quarter. Raymond James & Associates now owns 93,682 shares of the oil and gas company’s stock worth $6,725,000 after acquiring an additional 9,952 shares during the period. Harbor Capital Advisors Inc. lifted its position in Tidewater by 23.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 154,112 shares of the oil and gas company’s stock worth $8,431,000 after acquiring an additional 29,721 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in Tidewater by 75.2% during the third quarter. Citigroup Inc. now owns 58,411 shares of the oil and gas company’s stock valued at $4,193,000 after acquiring an additional 25,064 shares during the period. 95.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Tidewater news, CEO Quintin Kneen purchased 41,615 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 176,239 shares of the company’s stock, valued at approximately $8,470,046.34. This trade represents a 30.91 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.33% of the company’s stock.

Tidewater Stock Performance

TDW opened at $55.78 on Friday. The stock’s 50 day simple moving average is $52.03 and its 200-day simple moving average is $70.40. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. The stock has a market cap of $2.92 billion, a PE ratio of 16.41 and a beta of 1.06. Tidewater Inc. has a 1 year low of $46.50 and a 1 year high of $111.42.

Analysts Set New Price Targets

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

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.