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Who are the Institutional Holders in Tidewater Inc. (TDW)?

Tidewater Inc. (NYSE: TDW) is 36.93% higher on its value in year-to-date trading and has touched a low of $39.41 and a high of $95.34 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TDW stock was last observed hovering at around $94.76 in the last trading session, with the day’s gains setting it 3.98%.

Currently trading at $98.74, the stock is 12.99% and 27.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing 4.20% at the moment leaves the stock 48.27% off its SMA200. TDW registered 124.00% gain for a year compared to 6-month gain of 46.43%. The firm has a 50-day simple moving average (SMA 50) of $5.36 and a 200-day simple moving average (SMA200) of $17.12.

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The stock witnessed a 20.43% loss in the last 1 month and extending the period to 3 months gives it a 40.64%, and is 8.45% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.44% over the week and 3.84% over the month.

Tidewater Inc. (TDW) has around 7300 employees, a market worth around $5.16B and $1.01B in sales. Current P/E ratio is 53.88 and Fwd P/E is 12.06. Profit margin for the company is 9.62%. Distance from 52-week low is 150.55% and 3.57% from its 52-week high. The company has generated returns on investments over the last 12 months (5.80%).

Tidewater Inc. quarterly earnings per share for the current quarter are estimated at $0.62 with sales reaching $312.09M over the same period.The EPS is expected to grow by 180.76% this year, but quarterly earnings will post 39.70% year-over-year. Quarterly sales are estimated to grow 66.00% in year-over-year returns.

350 institutions hold shares in Tidewater Inc. (TDW), with institutional investors hold 99.31% of the company’s shares. The shares outstanding are 52.26M, and float is at 48.05M with Short Float at 9.99%. Institutions hold 97.05% of the Float.

The top institutional shareholder in the company is Price (T.Rowe) Associates Inc with over 6.4 million shares valued at $354.95 million. The investor’s holdings represent 12.16% of the TDW Shares outstanding. As of Jun 29, 2023, the second largest holder is Robotti Robert with 3.73 million shares valued at $206.82 million to account for 7.08% of the shares outstanding. The other top investors are Blackrock Inc. which holds 3.16 million shares representing 6.00% and valued at over $175.16 million, while Neuberger Berman Group, LLC holds 5.75% of the shares totaling 3.03 million with a market value of $167.9 million.

Tidewater Inc. (TDW) Insider Activity

The most recent transaction is an insider sale by Rubio Samuel R, the company’s EVP, CFO & CAO. SEC filings show that Rubio Samuel R sold 19,641 shares of the company’s common stock on Mar 05 ’24 at a price of $81.36 per share for a total of $1.6 million. Following the sale, the insider now owns 98036.0 shares.

Tidewater Inc. disclosed in a document filed with the SEC on Mar 05 ’24 that Darling David E (EVP, COO & CHIEF HR OFFICER) sold a total of 17,821 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $82.08 per share for $1.46 million. Following the transaction, the insider now directly holds 85959.0 shares of the TDW stock.

Still, SEC filings show that on Mar 05 ’24, Hudson Daniel A. (EVP & GENERAL COUNSEL) disposed off 8,000 shares at an average price of $82.00 for $0.66 million. The insider now directly holds 104,312 shares of Tidewater Inc. (TDW).

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