SEACOR Marine (NYSE:SMHI) Upgraded by Wall Street Zen to "Hold" Rating

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 issued to investors on Saturday.

SEACOR Marine Price Performance

NYSE SMHI traded down $0.25 on Friday, reaching $6.47. 47,710 shares of the stock traded hands, compared to its average volume of 121,442. SEACOR Marine has a 12 month low of $3.63 and a 12 month high of $10.59. The company has a market cap of $174.43 million, a price-to-earnings ratio of -2.75 and a beta of 1.48. The firm's fifty day simple moving average is $5.75 and its 200 day simple moving average is $5.40. The company has a quick ratio of 1.60, a current ratio of 1.63 and a debt-to-equity ratio of 1.16.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Robotti Robert boosted its stake in shares of SEACOR Marine by 56.0% during the 1st quarter. Robotti Robert now owns 845,687 shares of the company's stock worth $4,279,000 after acquiring an additional 303,537 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of SEACOR Marine by 113.3% during the first quarter. Cerity Partners LLC now owns 449,073 shares of the company's stock valued at $2,272,000 after purchasing an additional 238,509 shares during the last quarter. First Manhattan CO. LLC. lifted its holdings in shares of SEACOR Marine by 40.5% during the fourth quarter. First Manhattan CO. LLC. now owns 351,365 shares of the company's stock valued at $2,305,000 after purchasing an additional 101,285 shares during the last quarter. Nuveen LLC acquired a new position in shares of SEACOR Marine in the 1st quarter valued at $444,000. Finally, Bridgeway Capital Management LLC increased its stake in SEACOR Marine by 60.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 170,897 shares of the company's stock worth $1,121,000 after purchasing an additional 64,698 shares in 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.