KCG Holdings Inc. reduced its stake in TIDEWATER INC (NYSE:TDW) by 49.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,176 shares of the oil and gas company’s stock after selling 106,963 shares during the period. KCG Holdings Inc. owned 0.23% of TIDEWATER INC worth $124,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of TDW. Snow Capital Management LP raised its position in TIDEWATER INC 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 in the last quarter. California Public Employees Retirement System raised its position in TIDEWATER INC 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. Principal Financial Group Inc. raised its position in TIDEWATER INC 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. OppenheimerFunds Inc. raised its position in TIDEWATER INC by 369.5% in the first quarter. OppenheimerFunds Inc. now owns 526,225 shares of the oil and gas company’s stock valued at $605,000 after buying an additional 414,142 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in TIDEWATER INC by 502.8% in the first quarter. JPMorgan Chase & Co. now owns 115,513 shares of the oil and gas company’s stock valued at $133,000 after buying an additional 96,350 shares in the last quarter.
TIDEWATER INC (NYSE TDW) traded down 2.16% on Thursday, reaching $24.01. The company’s stock had a trading volume of 6,073 shares. The company’s market cap is $1.13 billion. TIDEWATER INC has a 12 month low of $20.37 and a 12 month high of $144.84. The stock’s 50 day moving average price is $26.68 and its 200 day moving average price is $33.60.
TIDEWATER INC (NYSE:TDW) last issued its quarterly earnings results on Monday, June 12th. The oil and gas company reported ($0.94) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.29) by $0.35. The business had revenue of $160.75 million for the quarter, compared to analyst estimates of $118.75 million. Equities research analysts forecast that TIDEWATER INC will post ($162.70) earnings per share for the current year.
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Several research analysts have recently issued reports on the company. BidaskClub upgraded TIDEWATER INC from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research lowered TIDEWATER INC from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $2.17.
About TIDEWATER INC
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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