Weiss Ratings Reiterates "Sell (D-)" Rating for SEACOR Marine (NYSE:SMHI)

Key Points

• Weiss Ratings has reiterated its "Sell (D-)" rating for SEACOR Marine (NYSE:SMHI), indicating continued concern for the company's stock performance.
• Despite the negative outlook from Weiss, Wall Street Zen recently upgraded SEACOR Marine from a "sell" to a "hold" rating, showing mixed analyst sentiment.
• SEACOR Marine reported a quarterly loss of ($0.26) earnings per share, slightly better than analysts' expectations, but its revenue of $60.81 million fell short of the consensus estimate of $69.35 million.

SEACOR Marine (NYSE:SMHI - Get Free Report)'s stock had its "sell (d-)" rating reissued by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities research analysts also recently weighed in on the company. Wall Street Zen raised SEACOR Marine from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Clarkson Capital downgraded SEACOR Marine from a "buy" rating to a "neutral" rating and set a $7.00 price objective on the stock. in a report on Tuesday, September 9th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $7.00.

SEACOR Marine Price Performance

NYSE SMHI traded down $0.14 during trading on Wednesday, reaching $6.07. 48,402 shares of the company traded hands, compared to its average volume of 87,710. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.60 and a current ratio of 1.63. The stock's 50 day moving average price is $6.34 and its two-hundred day moving average price is $5.57. The company has a market cap of $163.77 million, a price-to-earnings ratio of -2.58 and a beta of 1.39. SEACOR Marine has a 1-year low of $3.63 and a 1-year high of $9.66.

SEACOR Marine (NYSE:SMHI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported ($0.26) earnings per share for the quarter, beating analysts' consensus estimates of ($0.27) by $0.01. The company had revenue of $60.81 million for the quarter, compared to the consensus estimate 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, analysts anticipate that SEACOR Marine will post -2.54 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SMHI. Bank of America Corp DE raised its stake in shares of SEACOR Marine by 10.6% in the fourth quarter. Bank of America Corp DE now owns 74,124 shares of the company's stock valued at $486,000 after acquiring an additional 7,134 shares during the last quarter. Rhumbline Advisers raised its position in SEACOR Marine by 22.7% in the 1st quarter. Rhumbline Advisers now owns 46,681 shares of the company's stock worth $236,000 after purchasing an additional 8,622 shares during the last quarter. Exchange Traded Concepts LLC raised its position in SEACOR Marine by 753.5% in the 1st quarter. Exchange Traded Concepts LLC now owns 17,233 shares of the company's stock worth $87,000 after purchasing an additional 15,214 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in SEACOR Marine by 13.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 155,200 shares of the company's stock worth $785,000 after purchasing an additional 18,100 shares during the last quarter. Finally, Cerity Partners LLC raised its position in SEACOR Marine by 113.3% in the 1st quarter. Cerity Partners LLC now owns 449,073 shares of the company's stock worth $2,272,000 after purchasing an additional 238,509 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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