Market Filing: Why Robotti Robert Reported Big Tidewater Inc Position?

Market Filing: Why Robotti Robert Reported Big Tidewater Inc Position?

The New Robotti Robert Holding in Tidewater Inc

Robotti Robert filed with the SEC SC 13D/A form for Tidewater Inc. The form can be accessed here: 000114036116084283. As reported in Robotti Robert’s form, the filler as of late owns 8.3% or 3,882,650 shares of the Energy–company.

Tidewater Inc stake is a new one for the for this institutional investor and it was filed because of activity on October 25, 2016. We feel this shows Robotti Robert’s positive view for the stock.

Tidewater Inc Institutional Sentiment

Latest Security and Exchange filings show 189 investors own Tidewater Inc. The institutional ownership in Q3 2015 is high, at 115.84% of the outstanding shares. This is decreased by 7480822 the total institutional shares. 54527351 were the shares owned by these institutional investors. In total 22 funds opened new Tidewater Inc stakes, 71 increased stakes. There were 41 that closed positions and 73 reduced them.

Towle & Co is an institutional investor bullish on Tidewater Inc, owning 674750 shares as of Q3 2015 for 2.02% of its portfolio. Eric Chen Antipodean Advisors Llc owns 324347 shares or 0.49% of its portfolio. NY Rr Partners Lp have 0.92% of their stock portfolio for 1630635 shares. Further, Lesa Sroufe & Co reported stake worth 2.98% of its US stock portfolio. The NY Brave Warrior Advisors Llc owns 19625 shares. Tidewater Inc is 0.01% of the manager’s US portfolio.

Business Profile

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. The Asia/Pacific segment includes its Australian and Southeast Asian and Western Pacific operations. The Middle East/North Africa segment includes its operations in the Mediterranean and Red Seas, the Black Sea, the Arabian Gulf and offshore India. The Company’s Sub-Saharan Africa/Europe segment includes operations conducted along the East and West Coasts of Africa, as well as operations in and around the Caspian Sea, the North Sea, and certain other arctic/cold water markets.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 0.9 in 2016 Q2. Its down 0.17, from 1.07 in 2016Q1. The ratio fall, as 25 funds sold all Tidewater Inc. shares owned while 46 reduced positions. 11 funds bought stakes while 53 increased positions. They now own 46.08 million shares or 9.04% less from 50.66 million shares in 2016Q1.

Neuberger Berman Group Lc last reported 0% of its portfolio in the stock. Blackrock Inc accumulated 0% or 19,536 shares. Alliancebernstein Lp has 64,380 shares for 0% of their US portfolio. Kanawha Capital Lc has invested 0.06% of its portfolio in Tidewater Inc. (NYSE:TDW). Profund Advisors Limited Liability Com has invested 0% of its portfolio in Tidewater Inc. (NYSE:TDW). Blackrock Institutional Na has 1.19M shares for 0% of their US portfolio. Lesa Sroufe And last reported 1.53% of its portfolio in the stock. Kanaly accumulated 0% or 1,500 shares. Schwab Charles Management has invested 0% of its portfolio in Tidewater Inc. (NYSE:TDW). Citigroup Inc has invested 0% of its portfolio in Tidewater Inc. (NYSE:TDW). Manufacturers Life Ins Company The last reported 35,191 shares in the company. Goldman Sachs Group accumulated 0% or 168,271 shares. Moreover, D E Shaw And has 0% invested in Tidewater Inc. (NYSE:TDW) for 102,536 shares. Arizona State Retirement System holds 0% of its portfolio in Tidewater Inc. (NYSE:TDW) for 24,432 shares. Nuveen Asset Mgmt Ltd last reported 364,641 shares in the company.

About 612,099 shares traded hands. Tidewater Inc. (NYSE:TDW) has declined 72.54% since March 30, 2016 and is downtrending. It has underperformed by 75.55% the S&P500.

Tidewater Inc. provides offshore service vessels and marine support services. The company has a market cap of $82.95 million. The Firm operates through four divisions: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. It currently has negative earnings. The Company’s Americas segment includes the activities of the Company’s North American operations, which include activities in the United States Gulf of Mexico , and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as activities of offshore Mexico, Trinidad and Brazil.

Tidewater Inc. (NYSE:TDW) Ratings Coverage

Out of 10 analysts covering Tidewater (NYSE:TDW), 1 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 10% are positive. $25 is the highest target while $4 is the lowest. The $13.06 average target is 701.23% above today’s ($1.63) stock price. Tidewater has been the topic of 16 analyst reports since August 14, 2015 according to StockzIntelligence Inc. As per Tuesday, October 25, the company rating was downgraded by Argus Research. Johnson Rice downgraded the shares of TDW in a report on Wednesday, August 10 to “Hold” rating. The rating was maintained by Cowen & Co with “Outperform” on Wednesday, September 16. Cowen & Co downgraded the shares of TDW in a report on Monday, January 11 to “Market Perform” rating. Howard Weil maintained Tidewater Inc. (NYSE:TDW) rating on Thursday, November 5. Howard Weil has “Sector Perform” rating and $16 price target. The stock of Tidewater Inc. (NYSE:TDW) earned “Sector Perform” rating by Howard Weil on Thursday, February 4. Global Hunter Securities downgraded Tidewater Inc. (NYSE:TDW) on Friday, August 14 to “Accumulate” rating. Iberia Capital Partners downgraded the stock to “Sector Perform” rating in Friday, May 27 report. The firm has “Hold” rating by Zacks given on Friday, September 4. The firm earned “Sector Perform” rating on Friday, May 27 by iBERIA Capital Partners.

According to Zacks Investment Research, “Tidewater, Inc. owns and operates one of the world’s largest fleets serving the international offshore energy industry. Tidewater vessels can be found in virtually every area of the world where there is significant oil and gas exploration, development or production. These provide a wide range of services including: transporting crews and supplies between the mainland and offshore locations; towing and positioning mobile drilling rigs; assisting in offshore construction projects; and a variety of specialized services including cable laying and 3-D seismic work.”

TDW Company Profile

Tidewater Inc., incorporated on February 7, 1956, provides offshore service vessels and marine support services to the global offshore energy industry. The Firm operates a fleet of marine service vessels. The Firm operates through four divisions: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. The Company’s Americas segment includes the activities of the Company’s North American operations, which include activities 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 activities of offshore Mexico, Trinidad and Brazil. The Asia/Pacific segment includes its Australian and Southeast Asian and Western Pacific operations. The Middle East/North Africa segment includes its activities in the Mediterranean and Red Seas, the Black Sea, the Arabian Gulf and offshore India. The Company’s Sub-Saharan Africa/Europe segment includes activities conducted along the East and West Coasts of Africa, as well as activities in and around the Caspian Sea, the North Sea, and certain other arctic/cold water markets.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment