Robotti Robert Buys 303,537 Shares of SEACOR Marine Holdings Inc. $SMHI

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 stake in SEACOR Marine Holdings Inc. (NYSE:SMHI - Free Report) by 56.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 845,687 shares of the company's stock after buying an additional 303,537 shares during the quarter. SEACOR Marine accounts for about 0.9% of Robotti Robert's investment portfolio, making the stock its 26th biggest holding. Robotti Robert owned about 3.15% of SEACOR Marine worth $4,279,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SMHI. Cerity Partners LLC boosted its holdings in shares of SEACOR Marine by 113.3% in the first quarter. Cerity Partners LLC now owns 449,073 shares of the company's stock valued at $2,272,000 after buying an additional 238,509 shares during the period. First Manhattan CO. LLC. boosted its holdings in shares of SEACOR Marine by 40.5% in the fourth quarter. First Manhattan CO. LLC. now owns 351,365 shares of the company's stock valued at $2,305,000 after buying an additional 101,285 shares during the period. Nuveen LLC acquired a new position in shares of SEACOR Marine in the first quarter valued at approximately $444,000. Bridgeway Capital Management LLC boosted its holdings in SEACOR Marine by 60.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 170,897 shares of the company's stock worth $1,121,000 after purchasing an additional 64,698 shares during the last quarter. Finally, Perennial Advisors LLC acquired a new position in SEACOR Marine during the fourth quarter worth $302,000. Institutional investors and hedge funds own 59.05% of the company's stock.

Wall Street Analysts Forecast Growth

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

SEACOR Marine Stock Performance

SMHI stock traded down $0.0250 during trading hours on Tuesday, reaching $6.1450. The stock had a trading volume of 28,327 shares, compared to its average volume of 125,129. The stock has a market capitalization of $165.77 million, a PE ratio of -2.63 and a beta of 1.45. 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 stock has a 50-day simple moving average of $5.63 and a 200 day simple moving average of $5.42. SEACOR Marine Holdings Inc. has a fifty-two week low of $3.63 and a fifty-two week high of $11.67.

SEACOR Marine (NYSE:SMHI - Get Free Report) last announced its quarterly 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. The firm had revenue of $60.81 million during the quarter, compared to analysts' expectations of $69.35 million. SEACOR Marine had a negative net margin of 25.40% and a negative return on equity of 13.47%. Analysts predict that SEACOR Marine Holdings Inc. will post -2.54 EPS for the current fiscal year.

About SEACOR Marine

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.