Public Sector Pension Investment Board maintained its position in Tidewater Inc. (NYSE:TDW) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,400 shares of the company’s stock at the end of the fourth quarter. Public Sector Pension Investment Board’s holdings in Tidewater were worth $110,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. Comerica Bank increased its position in Tidewater by 4.9% in the fourth quarter. Comerica Bank now owns 49,458 shares of the company’s stock valued at $127,000 after buying an additional 2,315 shares in the last quarter. MSI Financial Services Inc increased its position in Tidewater by 10.1% in the third quarter. MSI Financial Services Inc now owns 54,100 shares of the company’s stock valued at $153,000 after buying an additional 4,945 shares in the last quarter. Wells Fargo & Company MN increased its position in Tidewater by 19.3% in the third quarter. Wells Fargo & Company MN now owns 77,859 shares of the company’s stock valued at $219,000 after buying an additional 12,587 shares in the last quarter. Acadian Asset Management LLC bought a new position in Tidewater during the third quarter valued at approximately $250,000. Finally, Menta Capital LLC increased its position in Tidewater by 71.8% in the fourth quarter. Menta Capital LLC now owns 105,637 shares of the company’s stock valued at $360,000 after buying an additional 44,158 shares in the last quarter. Hedge funds and other institutional investors own 98.73% of the company’s stock.
Tidewater Inc. (NYSE:TDW) opened at 0.83 on Friday. The firm’s market capitalization is $39.07 million. Tidewater Inc. has a 12-month low of $0.81 and a 12-month high of $9.37. The firm has a 50 day moving average of $1.27 and a 200 day moving average of $2.39.
Tidewater (NYSE:TDW) last posted its quarterly earnings results on Tuesday, February 7th. The company reported ($1.00) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.16) by $0.16. Tidewater had a negative net margin of 103.52% and a negative return on equity of 8.48%. The business earned $129.20 million during the quarter, compared to the consensus estimate of $139.13 million. During the same quarter last year, the firm posted ($0.21) EPS. Tidewater’s revenue was down 40.8% compared to the same quarter last year. On average, analysts forecast that Tidewater Inc. will post ($4.68) EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded shares of Tidewater from a “buy” rating to a “hold” rating in a report on Tuesday, January 17th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $3.38.
Tidewater Inc provides offshore service vessels and marine support services. The Company operates through four segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. Its Americas segment includes the activities of the Company’s North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations of offshore Mexico, Trinidad and Brazil.
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