Cerity Partners LLC Increases Position in SEACOR Marine Holdings Inc. (NYSE:SMHI)

Cerity Partners LLC increased its holdings in shares of SEACOR Marine Holdings Inc. (NYSE:SMHI - Free Report) by 113.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 449,073 shares of the company's stock after purchasing an additional 238,509 shares during the quarter. Cerity Partners LLC owned 1.67% of SEACOR Marine worth $2,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new stake in SEACOR Marine during the fourth quarter valued at $68,000. Quarry LP purchased a new stake in SEACOR Marine during the fourth quarter valued at $72,000. Boothbay Fund Management LLC purchased a new stake in SEACOR Marine during the fourth quarter valued at $89,000. Wells Fargo & Company MN increased its position in SEACOR Marine by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 14,314 shares of the company's stock valued at $94,000 after acquiring an additional 3,118 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in SEACOR Marine by 753.5% during the first 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 last quarter. 59.05% of the stock is owned by institutional investors.

SEACOR Marine Price Performance

NYSE SMHI traded up $0.37 during trading on Wednesday, hitting $5.63. 109,898 shares of the stock traded hands, compared to its average volume of 163,840. The company has a market capitalization of $151.11 million, a P/E ratio of -2.22 and a beta of 1.42. The firm has a 50-day simple moving average of $5.45 and a 200-day simple moving average of $5.58. The company has a quick ratio of 1.83, a current ratio of 1.87 and a debt-to-equity ratio of 1.09. SEACOR Marine Holdings Inc. has a 12-month low of $3.63 and a 12-month high of $14.52.

SEACOR Marine (NYSE:SMHI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.56) earnings per share for the quarter, beating the consensus estimate of ($0.57) by $0.01. The business had revenue of $55.50 million during the quarter, compared to analysts' expectations of $65.29 million. SEACOR Marine had a negative return on equity of 14.56% and a negative net margin of 26.71%. As a group, analysts predict that SEACOR Marine Holdings Inc. will post -2.54 EPS for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded SEACOR Marine from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th.

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.