SEACOR Marine (NYSE:SMHI) Downgraded to “Neutral” Rating by Clarkson Capital

Clarkson Capital cut shares of SEACOR Marine (NYSE:SMHI) from a buy rating to a neutral rating in a research report sent to investors on Tuesday morning, MarketBeat.com reports. They currently have $7.00 price objective on the stock.

Separately, Wall Street Zen raised shares of SEACOR Marine from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.00.

SEACOR Marine Stock Down 4.6%

SMHI stock opened at $6.21 on Tuesday. The company has a market cap of $167.52 million, a P/E ratio of -2.64 and a beta of 1.48. SEACOR Marine has a 52 week low of $3.63 and a 52 week high of $10.59. The company’s 50-day moving average price is $5.87 and its 200 day moving average price is $5.39. The company has a current ratio of 1.63, a quick ratio of 1.60 and a debt-to-equity ratio of 1.16.

SEACOR Marine (NYSE:SMHI) last released its quarterly earnings data on Wednesday, July 30th. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.01. The firm had revenue of $60.81 million for the quarter, compared to the consensus estimate of $69.35 million. SEACOR Marine had a negative net margin of 25.40% and a negative return on equity of 13.47%. On average, research analysts expect that SEACOR Marine will post -2.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEACOR Marine

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its position in SEACOR Marine by 289.7% during the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock worth $51,000 after acquiring an additional 7,406 shares during the last quarter. Glenorchy Capital Ltd raised its position in SEACOR Marine by 2.5% during the second quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock worth $945,000 after acquiring an additional 4,574 shares during the last quarter. Epacria Capital Partners LLC raised its position in SEACOR Marine by 19.5% during the second quarter. Epacria Capital Partners LLC now owns 155,230 shares of the company’s stock worth $792,000 after acquiring an additional 25,335 shares during the last quarter. First Eagle Investment Management LLC raised its position in SEACOR Marine by 4.8% during the second quarter. First Eagle Investment Management LLC now owns 1,137,894 shares of the company’s stock worth $5,803,000 after acquiring an additional 52,000 shares during the last quarter. Finally, Rhumbline Advisers raised its position in SEACOR Marine by 22.7% during the first quarter. Rhumbline Advisers now owns 46,681 shares of the company’s stock worth $236,000 after acquiring an additional 8,622 shares during the last quarter. Institutional investors and hedge funds own 59.05% of the company’s stock.

SEACOR Marine Company 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.