Public Employees Retirement System of Ohio increased its stake in Tidewater Inc (NYSE:TDW) by 98.6% during the first quarter, Holdings Channel reports. The fund owned 106,929 shares of the oil and gas company’s stock after buying an additional 53,093 shares during the period. Public Employees Retirement System of Ohio’s holdings in Tidewater were worth $123,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE raised its position in Tidewater by 30.1% in the first quarter. Bank of America Corp DE now owns 365,137 shares of the oil and gas company’s stock valued at $419,000 after buying an additional 84,428 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Tidewater by 8.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,509,791 shares of the oil and gas company’s stock valued at $1,737,000 after buying an additional 112,779 shares during the last quarter. Snow Capital Management LP raised its position in Tidewater by 60.0% in the first quarter. Snow Capital Management LP now owns 2,940,264 shares of the oil and gas company’s stock valued at $3,381,000 after buying an additional 1,102,630 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Tidewater by 30.1% in the first quarter. California Public Employees Retirement System now owns 1,368,046 shares of the oil and gas company’s stock valued at $1,573,000 after buying an additional 316,600 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Tidewater by 3.5% in the first quarter. Principal Financial Group Inc. now owns 375,854 shares of the oil and gas company’s stock valued at $432,000 after buying an additional 12,576 shares in the last quarter.

Shares of Tidewater Inc (TDW) traded down 4.31% during trading on Friday, hitting $23.29. The company had a trading volume of 37,348 shares. The stock’s market capitalization is $1.10 billion. Tidewater Inc has a 12-month low of $20.37 and a 12-month high of $144.84. The stock has a 50-day moving average of $26.45 and a 200 day moving average of $33.21.

Tidewater (NYSE:TDW) last announced its earnings results on Monday, June 12th. The oil and gas company reported ($0.94) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.29) by $0.35. The company had revenue of $160.75 million for the quarter, compared to analysts’ expectations of $118.75 million. On average, analysts predict that Tidewater Inc will post ($162.70) EPS for the current fiscal year.

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Several brokerages recently issued reports on TDW. BidaskClub upgraded Tidewater from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research lowered Tidewater from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th.

About Tidewater

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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Institutional Ownership by Quarter for Tidewater (NYSE:TDW)

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