SEACOR Marine Holdings Inc. (NYSE:SMHI) Stake Lowered by Millennium Management LLC

Millennium Management LLC reduced its stake in shares of SEACOR Marine Holdings Inc. (NYSE:SMHI) by 52.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,574 shares of the company’s stock after selling 63,743 shares during the period. Millennium Management LLC owned 0.21% of SEACOR Marine worth $378,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SMHI. Valeo Financial Advisors LLC purchased a new position in shares of SEACOR Marine during the 4th quarter valued at $66,000. Cubist Systematic Strategies LLC bought a new stake in SEACOR Marine in the fourth quarter worth $68,000. Quarry LP bought a new stake in SEACOR Marine in the fourth quarter worth $72,000. SG Americas Securities LLC bought a new stake in SEACOR Marine in the fourth quarter worth $78,000. Finally, Boothbay Fund Management LLC bought a new stake in SEACOR Marine in the fourth quarter worth $89,000. 59.05% of the stock is currently owned by hedge funds and other institutional investors.

SEACOR Marine Trading Up 2.0%

Shares of NYSE:SMHI opened at $5.59 on Tuesday. The stock has a market capitalization of $150.10 million, a PE ratio of -3.33 and a beta of 1.48. SEACOR Marine Holdings Inc. has a 1 year low of $3.63 and a 1 year high of $15.36. The firm has a fifty day moving average price of $4.86 and a 200 day moving average price of $5.77. The company has a current ratio of 1.63, a quick ratio of 1.59 and a debt-to-equity ratio of 0.84.

SEACOR Marine (NYSE:SMHI) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.56) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.01. The firm had revenue of $55.50 million during the quarter, compared to analysts’ expectations of $65.29 million. SEACOR Marine had a negative net margin of 16.81% and a negative return on equity of 13.32%. Analysts expect that SEACOR Marine Holdings Inc. will post -2.54 EPS for the current fiscal year.

SEACOR Marine 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.