Tidewater Inc. (TDW) Shares Sold by California State Teachers Retirement System
California State Teachers Retirement System cut its position in shares of Tidewater Inc. (NYSE:TDW) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,354 shares of the company’s stock after selling 300 shares during the period. California State Teachers Retirement System owned approximately 0.21% of Tidewater worth $438,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of TDW. Nisa Investment Advisors L.L.C. increased its stake in Tidewater by 4.4% in the first quarter. Nisa Investment Advisors L.L.C. now owns 78,300 shares of the company’s stock worth $535,000 after buying an additional 3,300 shares during the last quarter. Teachers Advisors Inc. increased its stake in Tidewater by 118.0% in the first quarter. Teachers Advisors Inc. now owns 159,870 shares of the company’s stock worth $1,092,000 after buying an additional 86,533 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Tidewater by 58.8% in the first quarter. Prudential Financial Inc. now owns 171,326 shares of the company’s stock worth $1,170,000 after buying an additional 63,439 shares during the period. Menta Capital LLC purchased a new stake in shares of Tidewater during the first quarter worth approximately $143,000. Finally, Geode Capital Management LLC boosted its stake in shares of Tidewater by 6.9% in the first quarter. Geode Capital Management LLC now owns 300,580 shares of the company’s stock worth $2,052,000 after buying an additional 19,351 shares during the period.
Shares of Tidewater Inc. (NYSE:TDW) traded down 1.59% during trading on Wednesday, reaching $3.09. 326,300 shares of the company traded hands. Tidewater Inc. has a 12-month low of $2.16 and a 12-month high of $16.64. The firm’s 50 day moving average is $3.05 and its 200-day moving average is $4.96. The stock’s market capitalization is $145.44 million.
Tidewater (NYSE:TDW) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($1.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by $1.15. Tidewater had a negative net margin of 27.81% and a negative return on equity of 3.68%. The company had revenue of $167.90 million for the quarter, compared to analysts’ expectations of $169.75 million. During the same quarter in the prior year, the firm earned $0.18 EPS. Tidewater’s quarterly revenue was down 44.9% compared to the same quarter last year. On average, equities research analysts anticipate that Tidewater Inc. will post ($4.27) earnings per share for the current fiscal year.
TDW has been the topic of a number of research analyst reports. Argus reaffirmed a “hold” rating on shares of Tidewater in a research report on Friday, July 8th. Zacks Investment Research cut shares of Tidewater from a “hold” rating to a “sell” rating in a research report on Wednesday, August 10th. Johnson Rice cut shares of Tidewater from an “accumulate” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, Morgan Stanley set a $4.50 price target on shares of Tidewater and gave the company a “sell” rating in a research report on Thursday, August 11th. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Tidewater has an average rating of “Hold” and an average price target of $11.25.
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.
Want to see what other hedge funds are holding TDW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tidewater Inc. (NYSE:TDW).
Receive News & Ratings for Tidewater Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tidewater Inc. and related companies with MarketBeat.com's FREE daily email newsletter.