Harbor Capital Advisors Inc. Has $8.43 Million Holdings in Tidewater Inc. (NYSE:TDW)

Harbor Capital Advisors Inc. boosted its stake in shares of Tidewater Inc. (NYSE:TDW) by 23.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 154,112 shares of the oil and gas company’s stock after acquiring an additional 29,721 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.29% of Tidewater worth $8,431,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TDW. Tidal Investments LLC lifted its holdings in Tidewater by 8.1% during the 3rd quarter. Tidal Investments LLC now owns 3,575 shares of the oil and gas company’s stock worth $257,000 after buying an additional 267 shares in the last quarter. Xponance Inc. lifted its stake in shares of Tidewater by 9.9% during the second quarter. Xponance Inc. now owns 3,092 shares of the oil and gas company’s stock valued at $294,000 after acquiring an additional 279 shares during the period. Quarry LP bought a new position in Tidewater in the second quarter valued at about $27,000. Hollencrest Capital Management acquired a new stake in Tidewater in the second quarter worth about $30,000. Finally, Glenmede Trust Co. NA raised its holdings in Tidewater by 3.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 9,479 shares of the oil and gas company’s stock worth $680,000 after purchasing an additional 321 shares during the last quarter. 95.13% of the stock is owned by institutional investors.

Insider Buying and Selling at Tidewater

In other Tidewater news, CEO Quintin Kneen purchased 41,615 shares of the stock in a transaction dated Friday, December 13th. The shares were bought 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 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 accessible through this link. Company insiders own 8.33% of the company’s stock.

Tidewater Stock Up 0.3 %

Tidewater stock traded up $0.19 during mid-day trading on Friday, reaching $56.03. The stock had a trading volume of 407,726 shares, compared to its average volume of 924,159. Tidewater Inc. has a fifty-two week low of $46.50 and a fifty-two week high of $111.42. The stock’s 50-day simple moving average is $52.67 and its 200-day simple moving average is $71.99. 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 firm has a market capitalization of $2.93 billion, a PE ratio of 16.48 and a beta of 1.06.

Analysts Set New Price Targets

TDW has been the subject of a number of analyst reports. DNB Markets assumed coverage on shares of Tidewater in a report on Friday, November 29th. They set a “buy” rating and a $70.00 target price for the company. StockNews.com upgraded Tidewater from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Raymond James downgraded shares of Tidewater from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $131.00 to $102.00 in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.80.

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.