Nuveen LLC Purchases Shares of 87,785 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 position in shares of SEACOR Marine Holdings Inc. (NYSE:SMHI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 87,785 shares of the company's stock, valued at approximately $444,000. Nuveen LLC owned 0.33% of SEACOR Marine at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new position in shares of SEACOR Marine during the 4th quarter worth $68,000. Levin Capital Strategies L.P. purchased a new position in SEACOR Marine in the first quarter valued at about $86,000. Exchange Traded Concepts LLC lifted its position in shares of SEACOR Marine by 753.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 17,233 shares of the company's stock valued at $87,000 after acquiring an additional 15,214 shares during the period. Wells Fargo & Company MN boosted its stake in shares of SEACOR Marine by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 14,314 shares of the company's stock worth $94,000 after acquiring an additional 3,118 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of SEACOR Marine in the 4th quarter worth approximately $164,000. Institutional investors and hedge funds own 59.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wall Street Zen upgraded SEACOR Marine from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Clarkson Capital cut shares of SEACOR Marine from a "buy" rating to a "neutral" rating and set a $7.00 target price for the company. in a research note on Tuesday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $7.00.

SEACOR Marine Stock Up 2.4%

SMHI traded up $0.15 during trading on Wednesday, hitting $6.34. The company had a trading volume of 46,215 shares, compared to its average volume of 59,640. SEACOR Marine Holdings Inc. has a 1-year low of $3.63 and a 1-year high of $10.59. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.63 and a quick ratio of 1.60. The company has a market cap of $170.95 million, a PE ratio of -2.70 and a beta of 1.48. The business has a 50-day moving average of $5.89 and a 200-day moving average of $5.39.

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 the consensus estimate of ($0.27) by $0.01. The company had revenue of $60.81 million during the quarter, compared to analyst estimates of $69.35 million. SEACOR Marine had a negative return on equity of 13.47% and a negative net margin of 25.40%. As a group, analysts forecast that SEACOR Marine Holdings Inc. will post -2.54 earnings per share 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.