SEACOR Marine (NYSE:SMHI) Shares Down 2.3% - Time to Sell?

Key Points

• SEACOR Marine Holdings Inc. shares fell by 2.3% to $5.64, with trading volume down 50% compared to its average session.
• Several analysts have downgraded the stock, with Clarkson Capital changing its rating from "buy" to "neutral" and setting a target price of $7.00, while Weiss Ratings issued a "sell" rating.
• The company reported a quarterly loss of ($0.26) EPS, slightly better than the consensus estimate, but missed revenue expectations with $60.81 million against an anticipated $69.35 million.

Shares of SEACOR Marine Holdings Inc. (NYSE:SMHI - Get Free Report) fell 2.3% on Friday . The stock traded as low as $5.55 and last traded at $5.64. 39,639 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 80,001 shares. The stock had previously closed at $5.77.

Wall Street Analyst Weigh In

Several research firms have commented on SMHI. Clarkson Capital cut shares of SEACOR Marine from a "buy" rating to a "neutral" rating and set a $7.00 target price on the stock. in a research note on Tuesday, September 9th. Weiss Ratings reiterated a "sell (d-)" rating on shares of SEACOR Marine in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded SEACOR Marine from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $7.00.

SEACOR Marine Stock Performance

The company's 50-day moving average price is $6.38 and its two-hundred day moving average price is $5.60. The company has a market cap of $152.03 million, a P/E ratio of -2.40 and a beta of 1.39. The company has a current ratio of 1.63, a quick ratio of 1.60 and a debt-to-equity ratio of 1.16.

SEACOR Marine (NYSE:SMHI - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported ($0.26) EPS for the quarter, topping analysts' consensus estimates of ($0.27) by $0.01. The business had revenue of $60.81 million for the quarter, compared to the consensus estimate of $69.35 million. SEACOR Marine had a negative net margin of 25.40% and a negative return on equity of 13.47%. As a group, equities analysts forecast that SEACOR Marine Holdings Inc. will post -2.54 earnings per share for the current year.

Institutional Investors Weigh In On SEACOR Marine

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its position in shares of SEACOR Marine by 289.7% during the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company's stock worth $51,000 after purchasing an additional 7,406 shares during the period. MetLife Investment Management LLC raised its holdings in SEACOR Marine by 43.1% during the 1st quarter. MetLife Investment Management LLC now owns 14,131 shares of the company's stock worth $72,000 after buying an additional 4,257 shares during the period. Levin Capital Strategies L.P. acquired a new stake in SEACOR Marine during the 1st quarter worth about $86,000. Exchange Traded Concepts LLC lifted its stake 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 buying an additional 15,214 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of SEACOR Marine by 22.7% in the first quarter. Rhumbline Advisers now owns 46,681 shares of the company's stock worth $236,000 after buying an additional 8,622 shares during the period. 59.05% of the stock is owned by institutional investors.

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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