Nuveen LLC Invests $444,000 in SEACOR Marine Holdings Inc. $SMHI

Key Points

• Nuveen LLC has made a new investment in SEACOR Marine Holdings Inc. by purchasing 87,785 shares valued at approximately $444,000, representing 0.33% ownership of the company.
• Several institutional investors have also shown interest, with Cubist Systematic Strategies LLC and Levin Capital Strategies L.P. among those acquiring new stakes, indicating growing institutional confidence in SEACOR Marine.
• Wall Street analysts upgraded SEACOR Marine's rating from "sell" to "hold," suggesting a potential stabilization in the company’s stock outlook amid its recent financial performance.

Nuveen LLC acquired a new stake in SEACOR Marine Holdings Inc. (NYSE:SMHI - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 87,785 shares of the company's stock, valued at approximately $444,000. Nuveen LLC owned about 0.33% of SEACOR Marine at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new position in SEACOR Marine in the 4th quarter valued at approximately $68,000. Wells Fargo & Company MN raised its holdings in SEACOR Marine by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 14,314 shares of the company's stock valued at $94,000 after buying an additional 3,118 shares during the last quarter. Levin Capital Strategies L.P. bought a new position in SEACOR Marine in the 1st quarter valued at approximately $86,000. Exchange Traded Concepts LLC raised its holdings in SEACOR Marine by 753.5% in the 1st quarter. Exchange Traded Concepts LLC now owns 17,233 shares of the company's stock valued at $87,000 after buying an additional 15,214 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in SEACOR Marine in the 4th quarter valued at approximately $164,000. Institutional investors own 59.05% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of SEACOR Marine from a "sell" rating to a "hold" rating in a report on Saturday, August 30th.

SEACOR Marine Trading Down 0.9%

NYSE:SMHI traded down $0.06 on Friday, reaching $6.42. 61,782 shares of the stock traded hands, compared to its average volume of 73,050. The firm has a market capitalization of $173.19 million, a price-to-earnings ratio of -2.73 and a beta of 1.48. The company's 50 day moving average is $5.82 and its 200-day moving average is $5.38. The company has a current ratio of 1.63, a quick ratio of 1.60 and a debt-to-equity ratio of 1.16. SEACOR Marine Holdings Inc. has a 1-year low of $3.63 and a 1-year high of $10.59.

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