<div id="readability-page-1"><p>Assenagon Asset Management S.A. lessened its stake in shares of  Tidewater Inc. (NYSE:TDW - Free Report) by 72.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,762 shares of the oil and gas company's stock after selling 50,512 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Tidewater were worth $1,001,000 at the end of the most recent reporting period.</p><ul><li>Oil’s Rally Could Boost These 3 Shipping Stocks</li></ul><p>Other hedge funds have also recently modified their holdings of the company. Bogart Wealth LLC raised its stake in  Tidewater by 28.6% during the 2nd quarter. Bogart Wealth LLC now owns 900 shares of the oil and gas company's stock worth $42,000 after acquiring an additional 200 shares in the last quarter.  Ameritas Investment Partners Inc. increased its position in shares of  Tidewater by 4.5% during the second quarter. Ameritas Investment Partners Inc. now owns 5,165 shares of the oil and gas company's stock worth $238,000 after purchasing an additional 224 shares in the last quarter.  Lido Advisors LLC increased its position in shares of  Tidewater by 5.6% during the second quarter. Lido Advisors LLC now owns 5,152 shares of the oil and gas company's stock worth $238,000 after purchasing an additional 275 shares in the last quarter.  Cetera Investment Advisers lifted its holdings in shares of  Tidewater by 4.1% in the 2nd quarter. Cetera Investment Advisers now owns 8,010 shares of the oil and gas company's stock valued at $370,000 after purchasing an additional 314 shares during the last quarter.  Finally, GAMMA Investing LLC boosted its position in shares of  Tidewater by 14.2% in the 3rd quarter. GAMMA Investing LLC now owns 2,803 shares of the oil and gas company's stock valued at $149,000 after purchasing an additional 349 shares during the period. 95.13% of the stock is owned by hedge funds and other institutional investors. </p><h2>Tidewater Price Performance</h2><p>Tidewater stock opened at $50.78 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.89 and a quick ratio of 2.79. The business has a 50 day simple moving average of $53.20 and a 200-day simple moving average of $53.11. Tidewater Inc. has a 12 month low of $31.17 and a 12 month high of $64.07. The stock has a market capitalization of $2.52 billion, a PE ratio of 17.10 and a beta of 0.58. </p><ul><li>3 Dependable Stocks Ready to Dominate Your Portfolio</li></ul><p>Tidewater (NYSE:TDW - Get Free Report) last announced its quarterly earnings data on Tuesday, November 11th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.48). The firm had revenue of $341.11 million during the quarter, compared to analyst estimates of $328.84 million. Tidewater had a net margin of 11.14% and a return on equity of 14.86%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 earnings per share.  Equities analysts predict that  Tidewater Inc. will post 3.25 earnings per share for the current year. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several research analysts have commented on TDW shares. Zacks Research lowered Tidewater from a &#34;hold&#34; rating to a &#34;strong sell&#34; rating in a research report on Thursday, November 13th. Evercore ISI lowered their target price on shares of Tidewater from $67.00 to $65.00 and set an &#34;in-line&#34; rating on the stock in a research report on Wednesday, November 12th. Fearnley Fonds raised shares of Tidewater to a &#34;hold&#34; rating in a report on Tuesday, September 16th. Dnb Nor Markets downgraded shares of Tidewater from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research report on Monday, October 20th. Finally, Weiss Ratings  reiterated a &#34;hold (c)&#34; rating on shares of Tidewater in a research note on Monday. One analyst  has rated the stock with a Buy rating, six have issued  a Hold rating and one  has given a Sell rating to the company's stock. According to data from MarketBeat, the stock  has an average rating of &#34;Hold&#34; and an average target price of $67.50.</p><ul><li>Watch for Tech Giants to Boost Share Buybacks in 2024</li></ul><p><b>View Our Latest Analysis on TDW</b></p><h2>Tidewater Profile</h2> (Free Report)<p>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.  </p><p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Tidewater</li><li>Do not delete, read immediately</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>Can Any Expenses Be Deducted From Capital Gains Tax?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li><li>Forget AI, This Will Be the Next Big Tech Breakthrough</li></ul><p><strong>Want to see what other hedge funds are holding TDW?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tidewater Inc. (NYSE:TDW - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVREVw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVREVw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Tidewater Right Now?</h2><p>Before you consider Tidewater, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tidewater wasn't on the list.</p><p>While Tidewater currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Assenagon Asset Management S.A. reduced its stake in Tidewater Inc. by 72.9% in Q3, now holding 18,762 shares worth $1,001,000. Other hedge funds also adjusted their holdings. Tidewater's stock opened at $50.78 with a market cap of $2.52 billion. The company reported a quarterly EPS of ($0.02), missing estimates. Analysts have mixed ratings on the stock, with an average target price of $67.50.</p>

Tidewater Inc. $TDW Shares Sold by Assenagon Asset Management S.A.