Tidewater Inc (TDW, Financial), a provider of offshore service vessels and marine support services to the global offshore energy industry, has been a topic of interest among investors due to its recent market performance and ownership trends. As of the latest data, the company has an outstanding share count of 52.67 million, with institutional ownership standing at 58.35% and insider ownership at 3.39%. This article aims to delve deeper into the recent performance, institutional ownership, and insider activities of Tidewater Inc.
Tidewater Inc's Recent Performance
Over the past week, Tidewater Inc experienced a decline of about 3.52% in its stock value. However, as of October 19, 2023, the stock rose by 0.08%, consistent with its three-month return of 19.66%. The company's market cap has also shown fluctuations, rising to $2.82 billion in the most recent quarter from $2.24 billion in the preceding one. These market movements have sparked keen interest in the company's ownership trends.
Institutional Ownership and Key Players
The institutional ownership history of Tidewater Inc reveals the confidence that major players have in the company's future. As of September 30, 2023, the institutional ownership level is 58.35%, up from 57.94% as of June 30, 2023, but down from 82.09% from a year ago.
The top fund managers owning significant portions of Tidewater Inc's stock include Third Avenue Management (Trades, Portfolio), Third Avenue Value Fund (Trades, Portfolio), and HOTCHKIS & WILEY (Trades, Portfolio), with 2.09%, 1.33%, and 0.34% of shares outstanding respectively. The recent institutional trading activity provides a vivid picture of the market sentiment.
Delving into Earnings: Past and Future
Over the past three years, Tidewater Inc's Ebitda growth averaged 0% per year, which is worse than 0% of 824 companies in the Oil & Gas industry. This growth extends to the five-year marker, with a growth of 0%. Looking forward, the estimated earnings growth for Tidewater Inc is 0% per year, lower than the earnings growth of 49.1% during the past three years.
Insider Ownership and Activities
The insider ownership of Tidewater Inc offers insights into the convictions of the company's board directors and C-level employees. As of August 31, 2023, the insider ownership is approximately 3.39%, compared to 3.87% from a year ago. Recent insider trades provide a nuanced view of this sentiment, with 2 insider sell transactions and 6 insider buy transactions over the past three months.
Next Steps
In the ever-evolving realm of stocks, understanding the nuances of ownership and earnings is critical. Tidewater Inc's recent dip is a case study in how major players react to market shifts, and their movements offer crucial insights for potential investors. As always, a holistic view, combining both past performance and future projections, remains key to sound investment decisions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
