Wall Street Zen upgraded shares of SEACOR Marine (NYSE:SMHI - Free Report) from a sell rating to a hold rating in a research report report published on Saturday morning.
SEACOR Marine Price Performance
Shares of NYSE SMHI traded down $0.08 during mid-day trading on Friday, reaching $6.03. The company's stock had a trading volume of 148,347 shares, compared to its average volume of 167,963. The stock has a 50-day moving average of $5.00 and a two-hundred day moving average of $5.77. The stock has a market capitalization of $161.92 million, a P/E ratio of -3.59 and a beta of 1.48. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.59 and a current ratio of 1.63. SEACOR Marine has a 1-year low of $3.63 and a 1-year high of $15.36.
SEACOR Marine (NYSE:SMHI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.56) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.57) by $0.01. SEACOR Marine had a negative net margin of 16.81% and a negative return on equity of 13.32%. The firm had revenue of $55.50 million during the quarter, compared to analyst estimates of $65.29 million. On average, equities research analysts anticipate that SEACOR Marine will post -2.54 EPS for the current fiscal year.
Institutional Investors Weigh In On SEACOR Marine
A number of hedge funds have recently modified their holdings of SMHI. Valeo Financial Advisors LLC purchased a new stake in shares of SEACOR Marine in the fourth quarter valued at about $66,000. Cubist Systematic Strategies LLC purchased a new stake in shares of SEACOR Marine in the fourth quarter valued at about $68,000. Quarry LP purchased a new stake in shares of SEACOR Marine in the fourth quarter valued at about $72,000. MetLife Investment Management LLC grew its holdings in shares of SEACOR Marine by 43.1% in the first 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. Finally, Levin Capital Strategies L.P. purchased a new stake in shares of SEACOR Marine in the first quarter valued at about $86,000. Hedge funds and other institutional investors own 59.05% of the company's stock.
About SEACOR Marine
(
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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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