SEACOR Marine (NYSE:SMHI) Rating Increased to Hold at Wall Street Zen

Key Points

• SEACOR Marine has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, indicating a more favorable view from analysts.
• Shares of SEACOR Marine opened at $6.42 and have a 52-week range from $3.63 to $11.67, reflecting volatility in the stock's performance.
• The company reported a loss of ($0.26) earnings per share for the last quarter, outperforming analysts' estimates by $0.01 despite a revenue shortfall.

Wall Street Zen upgraded shares of SEACOR Marine (NYSE:SMHI - Free Report) from a sell rating to a hold rating in a research note published on Saturday morning.

SEACOR Marine Stock Up 1.1%

NYSE:SMHI traded up $0.07 during trading hours on Friday, hitting $6.47. 38,929 shares of the stock traded hands, compared to its average volume of 87,202. The firm has a market cap of $174.64 million, a price-to-earnings ratio of -2.75 and a beta of 1.48. SEACOR Marine has a fifty-two week low of $3.63 and a fifty-two week high of $10.59. The company has a current ratio of 1.63, a quick ratio of 1.60 and a debt-to-equity ratio of 1.16. The firm has a 50 day moving average price of $5.80 and a 200 day moving average price of $5.40.

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

Hedge Funds Weigh In On SEACOR Marine

Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in SEACOR Marine by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 14,314 shares of the company's stock worth $94,000 after acquiring an additional 3,118 shares in the last quarter. 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 worth $257,000 after purchasing an additional 3,625 shares in the last quarter. 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 worth $72,000 after purchasing an additional 4,257 shares in the last quarter. Glenorchy Capital Ltd lifted its holdings in SEACOR Marine by 2.5% during the 2nd quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company's stock valued at $945,000 after purchasing an additional 4,574 shares during the last quarter. Finally, First Manhattan CO. LLC. boosted its position in SEACOR Marine by 1.5% in the first quarter. First Manhattan CO. LLC. now owns 356,465 shares of the company's stock valued at $1,804,000 after buying an additional 5,100 shares in the last quarter. 59.05% of the stock is currently owned by institutional investors and hedge funds.

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.