Value Holdings Management CO. LLC Sells 12,000 Shares of Tidewater Inc. $TDW

Value Holdings Management CO. LLC decreased its holdings in shares of Tidewater Inc. (NYSE:TDW) by 16.0% during the fourth quarter, HoldingsChannel reports. The firm owned 63,000 shares of the oil and gas company’s stock after selling 12,000 shares during the period. Tidewater comprises 0.5% of Value Holdings Management CO. LLC’s portfolio, making the stock its 28th largest holding. Value Holdings Management CO. LLC’s holdings in Tidewater were worth $3,182,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Blume Capital Management Inc. raised its stake in Tidewater by 128.3% in the third quarter. Blume Capital Management Inc. now owns 525 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 295 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Tidewater by 401.0% during the third quarter. Hantz Financial Services Inc. now owns 516 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 413 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Tidewater by 701.6% during the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 870 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Tidewater during the second quarter valued at about $47,000. Finally, Wexford Capital LP acquired a new position in shares of Tidewater during the third quarter valued at about $56,000. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Insider Buying and Selling

In other news, EVP Daniel A. Hudson sold 15,000 shares of Tidewater stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $77.50, for a total transaction of $1,162,500.00. Following the completion of the transaction, the executive vice president directly owned 50,986 shares of the company’s stock, valued at $3,951,415. The trade was a 22.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Samuel R. Rubio sold 22,461 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $80.05, for a total transaction of $1,798,003.05. Following the completion of the transaction, the executive vice president owned 60,066 shares of the company’s stock, valued at approximately $4,808,283.30. This represents a 27.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 52,656 shares of company stock valued at $4,079,112 over the last three months. 6.60% of the stock is currently owned by corporate insiders.

Tidewater Price Performance

Shares of TDW opened at $80.83 on Friday. The business’s 50-day moving average is $71.33 and its two-hundred day moving average is $59.91. The company has a market capitalization of $4.01 billion, a P/E ratio of 12.10 and a beta of 0.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.78 and a current ratio of 2.90. Tidewater Inc. has a fifty-two week low of $31.17 and a fifty-two week high of $88.99.

Tidewater (NYSE:TDW) last issued its quarterly earnings data on Monday, March 2nd. The oil and gas company reported $4.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $3.64. Tidewater had a return on equity of 12.34% and a net margin of 24.74%.The business had revenue of $336.80 million during the quarter, compared to analysts’ expectations of $329.39 million. During the same quarter in the previous year, the firm posted $0.70 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Research analysts predict that Tidewater Inc. will post 3.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TDW. Zacks Research upgraded shares of Tidewater from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Dawson James reaffirmed an “outperform” rating on shares of Tidewater in a report on Tuesday, March 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Tidewater in a research note on Monday, December 29th. Finally, Raymond James Financial set a $117.00 price objective on shares of Tidewater in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $91.00.

Tidewater Profile

Tidewater Inc is a leading global provider of offshore marine support vessels, serving the energy sector with a focus on the oil and gas industry. Headquartered in Houston, Texas, the company operates a diverse fleet of platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSs), crew boats and other specialized vessels designed to support offshore drilling, production and construction activities.

The company’s fleet is equipped to handle a range of maritime services, including the transport of personnel, equipment and bulk materials; anchor handling and mooring operations; and subsea construction support.