FNY Investment Advisers LLC Makes New $156,000 Investment in Tidewater Inc. (NYSE:TDW)
FNY Investment Advisers LLC purchased a new stake in Tidewater Inc. (NYSE:TDW – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,250 shares of the oil and gas company’s stock, valued at approximately $156,000.
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A number of other institutional investors also recently modified their holdings of the company. Bank of Montreal Can bought a new position in shares of Tidewater during the 1st quarter worth approximately $2,413,000. Acadian Asset Management LLC bought a new stake in Tidewater during the 1st quarter worth about $393,000. MetLife Investment Management LLC lifted its position in Tidewater by 24.8% during the 1st quarter. MetLife Investment Management LLC now owns 21,360 shares of the oil and gas company’s stock worth $464,000 after buying an additional 4,241 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Tidewater by 12.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,075,799 shares of the oil and gas company’s stock worth $23,388,000 after buying an additional 121,346 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Tidewater during the 1st quarter worth about $505,000. 88.34% of the stock is currently owned by institutional investors.
Tidewater Stock Performance
NYSE TDW traded down $0.76 on Friday, hitting $39.05. 461,627 shares of the stock were exchanged, compared to its average volume of 832,684. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.94 and a quick ratio of 1.78. The business’s fifty day moving average is $43.53 and its 200 day moving average is $33.83. Tidewater Inc. has a 52 week low of $17.51 and a 52 week high of $51.88. The company has a market capitalization of $1.97 billion, a PE ratio of -66.35 and a beta of 1.33.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on Tidewater in a research note on Thursday. They issued a “hold” rating for the company.
About Tidewater
Tidewater, Inc engages in the provision of offshore marine support and transportation services to the offshore energy industry. The firm offers the towing of, and anchor handling for, mobile offshore drilling units, transporting supplies and personnel necessary to sustain drilling, work over and production activities, offshore construction and seismic and subsea support, geotechnical survey for wind farm construction, and a variety of specialized services such as pipe and cable laying.
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