SEACOR Marine Holdings Inc. $SMHI Stock Position Increased by Robotti Robert

Key Points

• Robotti Robert increased its stake in SEACOR Marine Holdings Inc. by 56.0%, acquiring an additional 303,537 shares, bringing its total to 845,687 shares worth approximately $4.3 million.
• Several institutional investors, including JPMorgan Chase & Co. and Wells Fargo & Company, have significantly increased their holdings in SEACOR Marine during the 4th quarter.
• SEACOR Marine's stock recently opened at $6.36 and reported a quarterly earnings loss of ($0.26) EPS, beating the consensus estimate but falling short of revenue expectations.

Robotti Robert grew its position in SEACOR Marine Holdings Inc. (NYSE:SMHI - Free Report) by 56.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 845,687 shares of the company's stock after buying an additional 303,537 shares during the quarter. SEACOR Marine accounts for approximately 0.9% of Robotti Robert's holdings, making the stock its 26th biggest holding. Robotti Robert owned 3.15% of SEACOR Marine worth $4,279,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new stake in SEACOR Marine in the 4th quarter worth about $68,000. Quarry LP acquired a new stake in SEACOR Marine in the 4th quarter worth about $72,000. Boothbay Fund Management LLC purchased a new position in shares of SEACOR Marine in the 4th quarter worth about $89,000. Wells Fargo & Company MN raised its holdings in shares of SEACOR Marine by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 14,314 shares of the company's stock worth $94,000 after purchasing an additional 3,118 shares during the period. Finally, Levin Capital Strategies L.P. purchased a new position in shares of SEACOR Marine in the 1st quarter worth about $86,000. Hedge funds and other institutional investors own 59.05% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded SEACOR Marine from a "hold" rating to a "sell" rating in a report on Saturday, July 26th.

SEACOR Marine Stock Down 0.2%

Shares of NYSE:SMHI traded down $0.01 during mid-day trading on Monday, hitting $6.15. 45,888 shares of the company traded hands, compared to its average volume of 125,643. 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 Holdings Inc. has a 52-week low of $3.63 and a 52-week high of $11.67. The firm's 50 day simple moving average is $5.62 and its 200 day simple moving average is $5.42. The firm has a market cap of $165.82 million, a P/E ratio of -2.62 and a beta of 1.45.

SEACOR Marine (NYSE:SMHI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts anticipate that SEACOR Marine Holdings Inc. will post -2.54 EPS for the current year.

SEACOR Marine Company 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.