Wall Street Zen Downgrades SEACOR Marine (NYSE:SMHI) to Sell

Key Points

• SEACOR Marine's stock has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, indicating potential concerns about its future performance.
• The company's recent earnings report showed a loss of ($0.56) earnings per share, slightly beating analyst estimates, but revenue fell short of expectations at $55.50 million compared to a forecast of $65.29 million.
• Institutional investors hold a significant 59.05% stake in SEACOR Marine, with notable purchases from several hedge funds in the last quarter.

SEACOR Marine (NYSE:SMHI - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

SEACOR Marine Stock Down 2.5%

SMHI traded down $0.14 on Friday, reaching $5.36. The company's stock had a trading volume of 69,432 shares, compared to its average volume of 87,562. The stock has a market cap of $143.97 million, a price-to-earnings ratio of -2.11 and a beta of 1.42. SEACOR Marine has a 1 year low of $3.63 and a 1 year high of $14.17. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.87 and a quick ratio of 1.83. The business's 50 day moving average is $5.49 and its 200 day moving average is $5.54.

SEACOR Marine (NYSE:SMHI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.56) EPS for the quarter, beating analysts' consensus estimates of ($0.57) by $0.01. The firm had revenue of $55.50 million during the quarter, compared to the consensus estimate 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, research analysts forecast that SEACOR Marine will post -2.54 EPS for the current fiscal year.

Institutional Trading of SEACOR Marine

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its position 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 valued at $94,000 after purchasing an additional 3,118 shares during the period. American Century Companies Inc. increased its position in shares of SEACOR Marine by 7.7% during the 1st quarter. American Century Companies Inc. now owns 50,806 shares of the company's stock valued at $257,000 after purchasing an additional 3,625 shares during the period. MetLife Investment Management LLC increased its position in shares of SEACOR Marine by 43.1% during the 1st quarter. MetLife Investment Management LLC now owns 14,131 shares of the company's stock valued at $72,000 after purchasing an additional 4,257 shares during the period. First Manhattan CO. LLC. increased its position in shares of SEACOR Marine by 1.5% during the 1st quarter. First Manhattan CO. LLC. now owns 356,465 shares of the company's stock valued at $1,804,000 after purchasing an additional 5,100 shares during the period. Finally, Bank of America Corp DE increased its position in shares of SEACOR Marine by 10.6% during the 4th quarter. Bank of America Corp DE now owns 74,124 shares of the company's stock valued at $486,000 after purchasing an additional 7,134 shares during the period. 59.05% of the stock is currently owned by institutional investors and hedge funds.

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.