SEACOR Marine Holdings Inc. (NYSE:SMHI) Stock Position Decreased by Millennium Management LLC

Millennium Management LLC trimmed its holdings in shares of SEACOR Marine Holdings Inc. (NYSE:SMHI - Free Report) by 52.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,574 shares of the company's stock after selling 63,743 shares during the period. Millennium Management LLC owned approximately 0.21% of SEACOR Marine worth $378,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oppenheimer & Co. Inc. acquired a new position in SEACOR Marine during the 4th quarter valued at about $899,000. SG Americas Securities LLC bought a new position in shares of SEACOR Marine in the fourth quarter valued at approximately $78,000. First Eagle Investment Management LLC increased its stake in shares of SEACOR Marine by 58.1% during the fourth quarter. First Eagle Investment Management LLC now owns 916,609 shares of the company's stock valued at $6,013,000 after acquiring an additional 336,736 shares during the period. Barclays PLC raised its holdings in SEACOR Marine by 20.3% during the fourth quarter. Barclays PLC now owns 58,595 shares of the company's stock worth $385,000 after purchasing an additional 9,871 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in SEACOR Marine by 69.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 101,871 shares of the company's stock worth $668,000 after purchasing an additional 41,817 shares during the period. 59.05% of the stock is currently owned by institutional investors.

SEACOR Marine Price Performance

NYSE SMHI traded up $0.27 on Tuesday, reaching $5.88. 89,143 shares of the stock traded hands, compared to its average volume of 169,275. SEACOR Marine Holdings Inc. has a 12 month low of $3.63 and a 12 month high of $15.36. The company has a market cap of $157.89 million, a price-to-earnings ratio of -3.50 and a beta of 1.48. The firm's fifty day simple moving average is $4.86 and its 200 day simple moving average is $5.77. The company has a quick ratio of 1.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.84.

SEACOR Marine (NYSE:SMHI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.56) earnings per share for the quarter, beating analysts' consensus estimates of ($0.57) by $0.01. The company had revenue of $55.50 million during the quarter, compared to the consensus estimate of $65.29 million. SEACOR Marine had a negative net margin of 16.81% and a negative return on equity of 13.32%. As a group, research analysts predict that SEACOR Marine Holdings Inc. will post -2.54 EPS for the current fiscal 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.