Vanguard Group Inc. Acquires 26,219 Shares of SEACOR Marine Holdings Inc. (NYSE:SMHI)

Vanguard Group Inc. raised its stake in SEACOR Marine Holdings Inc. (NYSE:SMHI) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,227,584 shares of the company’s stock after buying an additional 26,219 shares during the quarter. Vanguard Group Inc.’s holdings in SEACOR Marine were worth $17,039,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its position in SEACOR Marine by 257.0% in the 2nd quarter. BlackRock Inc. now owns 1,526,425 shares of the company’s stock valued at $17,447,000 after acquiring an additional 1,098,854 shares in the last quarter. State Street Corp lifted its holdings in shares of SEACOR Marine by 426.7% in the second quarter. State Street Corp now owns 452,200 shares of the company’s stock valued at $5,169,000 after purchasing an additional 366,338 shares in the last quarter. Invesco Ltd. bought a new position in shares of SEACOR Marine during the third quarter worth about $4,769,000. Geode Capital Management LLC grew its holdings in shares of SEACOR Marine by 124.7% during the second quarter. Geode Capital Management LLC now owns 456,153 shares of the company’s stock worth $5,214,000 after buying an additional 253,181 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in SEACOR Marine by 271.9% in the 2nd quarter. Northern Trust Corp now owns 225,846 shares of the company’s stock valued at $2,581,000 after acquiring an additional 165,125 shares in the last quarter. Institutional investors and hedge funds own 59.05% of the company’s stock.

SEACOR Marine Trading Down 0.8 %

NYSE:SMHI opened at $13.22 on Monday. The company has a quick ratio of 2.12, a current ratio of 2.14 and a debt-to-equity ratio of 0.77. SEACOR Marine Holdings Inc. has a twelve month low of $7.51 and a twelve month high of $15.24. The company has a market cap of $359.32 million, a P/E ratio of -36.72 and a beta of 1.22. The business has a 50 day moving average price of $12.27 and a two-hundred day moving average price of $12.35.

SEACOR Marine (NYSE:SMHI) last announced its earnings results on Thursday, February 29th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of ($0.49) by $0.69. SEACOR Marine had a negative net margin of 3.38% and a negative return on equity of 2.52%. The business had revenue of $73.08 million during the quarter, compared to analysts’ expectations of $63.55 million. As a group, analysts expect that SEACOR Marine Holdings Inc. will post -0.7 EPS for the current fiscal year.

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.