SEACOR Marine (NYSE:SMHI) Lowered to Sell Rating by Wall Street Zen

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 Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

SEACOR Marine Stock Down 2.0%

Shares of SEACOR Marine stock opened at $5.63 on Friday. The company has a market cap of $151.11 million, a price-to-earnings ratio of -2.22 and a beta of 1.42. The company's 50 day moving average is $5.47 and its 200 day moving average is $5.56. SEACOR Marine has a twelve month low of $3.63 and a twelve month high of $14.52. 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 (NYSE:SMHI - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $65.29 million. SEACOR Marine had a negative net margin of 26.71% and a negative return on equity of 14.56%. Research analysts anticipate that SEACOR Marine will post -2.54 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC purchased a new stake in SEACOR Marine during the fourth quarter valued at approximately $68,000. Quarry LP purchased a new stake in SEACOR Marine during the fourth quarter valued at approximately $72,000. Boothbay Fund Management LLC purchased a new stake in SEACOR Marine during the fourth quarter valued at approximately $89,000. MetLife Investment Management LLC increased its holdings in SEACOR Marine by 43.1% during the first quarter. MetLife Investment Management LLC now owns 14,131 shares of the company's stock valued at $72,000 after buying an additional 4,257 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings 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 buying an additional 3,118 shares during the last quarter. Institutional investors own 59.05% of the company's stock.

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.

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