Goldman Sachs Group Inc. Lowers Holdings in SEACOR Marine Holdings Inc. $SMHI

Key Points

• Goldman Sachs Group Inc. has reduced its stake in SEACOR Marine Holdings Inc. by 47.5%, owning 156,187 shares valued at approximately $790,000.
• Robotti Robert increased its holdings in SEACOR Marine by 56.0%, while other investors like Cerity Partners LLC and Oppenheimer & Co. also significantly boosted their shares in the company.
• SEACOR Marine's stock has a consensus rating of "Hold" and an average target price of $7.00, while the company recently reported negative earnings per share of ($0.26) for the last quarter.

Goldman Sachs Group Inc. reduced its stake in shares of SEACOR Marine Holdings Inc. (NYSE:SMHI - Free Report) by 47.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 156,187 shares of the company's stock after selling 141,054 shares during the quarter. Goldman Sachs Group Inc. owned 0.58% of SEACOR Marine worth $790,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Robotti Robert grew its stake in shares of SEACOR Marine by 56.0% during the 1st quarter. Robotti Robert now owns 845,687 shares of the company's stock worth $4,279,000 after purchasing an additional 303,537 shares during the period. Cerity Partners LLC boosted its holdings in SEACOR Marine by 113.3% during the first quarter. Cerity Partners LLC now owns 449,073 shares of the company's stock worth $2,272,000 after buying an additional 238,509 shares in the last quarter. First Manhattan CO. LLC. grew its position in SEACOR Marine by 1.5% during the first quarter. First Manhattan CO. LLC. now owns 356,465 shares of the company's stock valued at $1,804,000 after buying an additional 5,100 shares during the period. Northern Trust Corp increased its holdings in SEACOR Marine by 3.7% in the fourth quarter. Northern Trust Corp now owns 238,578 shares of the company's stock valued at $1,565,000 after buying an additional 8,552 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of SEACOR Marine by 13.2% in the first quarter. Oppenheimer & Co. Inc. now owns 155,200 shares of the company's stock worth $785,000 after acquiring an additional 18,100 shares during the period. 59.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on SMHI. Clarkson Capital cut SEACOR Marine from a "buy" rating to a "neutral" rating and set a $7.00 target price on the stock. in a research report on Tuesday, September 9th. Wall Street Zen upgraded SEACOR Marine from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, SEACOR Marine has a consensus rating of "Hold" and an average target price of $7.00.

SEACOR Marine Stock Up 1.5%

SMHI stock opened at $6.92 on Wednesday. SEACOR Marine Holdings Inc. has a one year low of $3.63 and a one year high of $10.30. The firm has a market cap of $186.57 million, a PE ratio of -2.94 and a beta of 1.48. The firm's 50 day moving average price is $6.11 and its 200-day moving average price is $5.47. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.60 and a current ratio of 1.63.

SEACOR Marine (NYSE:SMHI - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported ($0.26) EPS for the quarter, beating analysts' consensus estimates of ($0.27) by $0.01. SEACOR Marine had a negative return on equity of 13.47% and a negative net margin of 25.40%.The company had revenue of $60.81 million for the quarter, compared to the consensus estimate of $69.35 million. On average, equities research analysts anticipate that SEACOR Marine Holdings Inc. will post -2.54 EPS for the current year.

SEACOR Marine Profile

SEACOR Marine Holdings Inc provides marine and support transportation services to offshore oil, natural gas, and windfarm facilities worldwide. Its offshore support and specialty vessels deliver cargo and personnel to offshore installations, including offshore wind farms; handle anchors and mooring equipment for offshore rigs and platforms; assist offshore operations for production and storage facilities; provide construction, well work-over, and offshore wind farm installation and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, inspection, and repair, as well as offer accommodations for technicians and specialists, safety support, and emergency response services.

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