Shares last traded at $28.75 much higher than $25.64, the stock’s 50 day moving average and which is marginally over the 200 day moving average of $27.39. The 50 day moving average went up $3.11 or +12.15% and the 200 day average went up by +4.97%. Tidewater Inc. shares had a trading volume of 314K by the end of trading on Wednesday. Volume was down 83.46% under the stocks average daily volume.
Investors are feeling more bullish on Tidewater Inc. recently as implied by the fall in short interest. The stock recorded a fall in short interest from August 15, 2017 to August 31, 2017 of -22.01%. Short shares decreased 85,554 over that period. Days to cover increased from 2.0 to 5.0 and the percentage of shorted shares was 0.01% on August 31.
A few notable investment firms have updated their holdings. As of quarter end Ubs Group Ag had acquired a total of 4,541 shares growing its holdings by 461.5%. The value of the investment in (TDW) went from $1,000 to $4,000 increasing 300.0% since the last quarter. Next Financial Group, Inc divested its stake by selling 2,470 shares a decrease of 89.2% in the quarter. Next Financial Group, Inc claims 300 shares worth $0. The value of the position overall is down by 100.0%.
As of the end of the quarter South Dakota Investment Council had bought 550,000 shares growing its stake by 132.5%. The value of the company’s investment in Tidewater Inc. increased from $477,000 to $695,000 a change of $218,000 quarter to quarter. Kcg Holdings, Inc. added to its holdings by buying 29,323 shares an increase of 27.1%. Kcg Holdings, Inc. controls 137,499 shares valued at $99,000. The total value of its holdings decreased 20.2%.
In the latest earnings report the EPS was $-23.27 and is expected to be $-143.64 for the current year with 47,121,000 shares outstanding. Next quarter’s EPS is forecasted to be $-35.53 and the next full year EPS is projected to be $-125.51.
Tidewater Inc., launched on February 7, 1956, provides offshore service vessels and marine support services to the global offshore energy industry. The Company operates a fleet of marine service vessels. 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 Business’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 Business’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..