SEACOR Marine Holdings Inc. (NYSE:SMHI) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC boosted its stake in SEACOR Marine Holdings Inc. (NYSE:SMHI) by 113.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 449,073 shares of the company’s stock after buying an additional 238,509 shares during the quarter. Cerity Partners LLC owned approximately 1.67% of SEACOR Marine worth $2,272,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its stake in shares of SEACOR Marine by 13.2% in the first quarter. Oppenheimer & Co. Inc. now owns 155,200 shares of the company’s stock worth $785,000 after buying an additional 18,100 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of SEACOR Marine by 753.5% during 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. Rhumbline Advisers boosted its holdings in shares of SEACOR Marine by 22.7% during 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. Perennial Advisors LLC acquired a new stake in shares of SEACOR Marine in the fourth quarter valued at approximately $302,000. Finally, PharVision Advisers LLC purchased a new position in SEACOR Marine during the fourth quarter worth approximately $269,000. 59.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of SEACOR Marine from a “sell” rating to a “hold” rating in a research report on Saturday, June 14th.

SEACOR Marine Stock Down 4.6%

SEACOR Marine stock opened at $5.23 on Friday. SEACOR Marine Holdings Inc. has a twelve month low of $3.63 and a twelve month high of $14.52. The stock’s fifty day simple moving average is $5.43 and its 200-day simple moving average is $5.60. The company has a current ratio of 1.87, a quick ratio of 1.83 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $140.43 million, a P/E ratio of -2.06 and a beta of 1.42.

SEACOR Marine (NYSE:SMHI) last released its quarterly earnings data on Wednesday, April 30th. The company reported ($0.56) EPS for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.01. SEACOR Marine had a negative return on equity of 14.56% and a negative net margin of 26.71%. The business had revenue of $55.50 million for the quarter, compared to the consensus estimate of $65.29 million. As a group, equities analysts expect that SEACOR Marine Holdings Inc. will post -2.54 earnings per share 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.