180 Wealth Advisors LLC Has $275,000 Holdings in Tidewater Inc. (NYSE:TDW)

180 Wealth Advisors LLC lifted its position in shares of Tidewater Inc. (NYSE:TDW) by 27.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in Tidewater in the fourth quarter worth $95,000. Harbour Capital Advisors LLC acquired a new position in shares of Tidewater during the fourth quarter valued at about $704,000. Harbor Capital Advisors Inc. grew its holdings in shares of Tidewater by 23.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 154,112 shares of the oil and gas company’s stock valued at $8,431,000 after buying an additional 29,721 shares during the last quarter. Fortitude Family Office LLC acquired a new position in shares of Tidewater during the fourth quarter valued at about $33,000. Finally, Tidal Investments LLC grew its holdings in shares of Tidewater by 8.1% during the third quarter. Tidal Investments LLC now owns 3,575 shares of the oil and gas company’s stock valued at $257,000 after buying an additional 267 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Tidewater Stock Up 3.3 %

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

Insiders Place Their Bets

In related news, CEO Quintin Kneen acquired 41,615 shares of the stock in a transaction on Friday, December 13th. The shares were acquired 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 owns 176,239 shares in the company, valued at approximately $8,470,046.34. The trade was a 30.91 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.33% of the company’s stock.

Tidewater Company 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.