<div id="readability-page-1"><p>Russell Investments Group Ltd. lessened its stake in shares of  Tidewater Inc. (NYSE:TDW - Free Report) by 44.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,666 shares of the oil and gas company's stock after selling 36,464 shares during the quarter. Russell Investments Group Ltd. owned about 0.09% of Tidewater worth $2,107,000 at the end of the most recent reporting period.</p><ul><li>Oil’s Rally Could Boost These 3 Shipping Stocks</li></ul><p>A number of other institutional investors also recently made changes to their positions in TDW. Northwestern Mutual Wealth Management Co. boosted its stake in shares of  Tidewater by 2,321.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 678 shares of the oil and gas company's stock valued at $29,000 after acquiring an additional 650 shares during the last quarter.  Parkside Financial Bank &amp; Trust boosted its stake in shares of  Tidewater by 4,245.0% during the 2nd quarter. Parkside Financial Bank &amp; Trust now owns 869 shares of the oil and gas company's stock worth $40,000 after purchasing an additional 849 shares during the last quarter.  Bogart Wealth LLC grew its holdings in shares of  Tidewater by 28.6% during the second quarter. Bogart Wealth LLC now owns 900 shares of the oil and gas company's stock worth $42,000 after buying an additional 200 shares in the last quarter.  CWM LLC raised its position in shares of  Tidewater by 83.6% in the second quarter. CWM LLC now owns 927 shares of the oil and gas company's stock valued at $43,000 after buying an additional 422 shares during the last quarter.  Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of  Tidewater in the first quarter valued at approximately $40,000. 95.13% of the stock is owned by institutional investors and hedge funds. </p><h2>Tidewater Price Performance</h2><p>Shares of Tidewater stock opened at $58.11 on Wednesday. Tidewater Inc. has a twelve month low of $31.17 and a twelve month high of $64.07. The stock has a market capitalization of $2.88 billion, a P/E ratio of 19.57 and a beta of 0.58. The company has a current ratio of 2.89, a quick ratio of 2.79 and a debt-to-equity ratio of 0.57. The business's fifty day moving average price is $52.87 and its 200 day moving average price is $52.26. </p><ul><li>3 Dependable Stocks Ready to Dominate Your Portfolio</li></ul><p>Tidewater (NYSE:TDW - Get Free Report) last posted its quarterly earnings results on Tuesday, November 11th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.48). The firm had revenue of $341.11 million for the quarter, compared to analysts' expectations of $328.84 million. Tidewater had a net margin of 11.14% and a return on equity of 14.86%. Tidewater's revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted $0.87 EPS.  As a group, research analysts anticipate that  Tidewater Inc. will post 3.25 earnings per share for the current year. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several analysts have commented on the stock. Weiss Ratings  reaffirmed a &#34;hold (c)&#34; rating on shares of Tidewater in a research note on Monday. Zacks Research cut Tidewater from a &#34;hold&#34; rating to a &#34;strong sell&#34; rating in a report on Thursday, November 13th. Fearnley Fonds upgraded Tidewater to a &#34;hold&#34; rating in a research note on Tuesday, September 16th. Dnb Nor Markets downgraded Tidewater from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research report on Monday, October 20th. Finally, Evercore ISI lowered their price target on Tidewater from $67.00 to $65.00 and set an &#34;in-line&#34; rating for the company in a report on Wednesday, November 12th. One investment analyst  has rated the stock with a Buy rating, six have issued  a Hold rating and one  has issued  a Sell rating to the company. Based on data from MarketBeat.com, the company  has a consensus 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>Get Our Latest Research Report on Tidewater</b></p><h2>About Tidewater</h2> (Free Report)<p>Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.</p><h2>See Also</h2><ul><li>Five stocks we like better than Tidewater</li><li>Quiet Period Expirations Explained</li><li>Consumers Got Coal, But Santa Dropped Off Big Gains for These 2 Retailers</li><li>Stock Ratings and Recommendations: Understanding Analyst Ratings</li><li>10X Gains? These 3 Robotics Stocks Could Explode by 2035</li><li>What Are Treasury Bonds?</li><li>Anheuser-Busch Buys BeatBox to Win Over Younger Drinkers</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>Russell Investments Group Ltd. reduced its stake in Tidewater Inc. by 44.4% in Q2. Tidewater's stock opened at $58.11, with a 12-month range of $31.17-$64.07. Analysts have mixed ratings, with a consensus "Hold" and an average target price of $67.50. Tidewater reported Q3 EPS of ($0.02), missing estimates, with revenue of $341.11 million. Institutional investors own 95.13% of the stock.</p>

Tidewater Inc. $TDW Shares Sold by Russell Investments Group Ltd.