SEACOR Marine Holdings Inc. $SMHI Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC boosted its holdings in shares of SEACOR Marine Holdings Inc. (NYSE:SMHI) by 43.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,131 shares of the company’s stock after acquiring an additional 4,257 shares during the period. MetLife Investment Management LLC owned about 0.05% of SEACOR Marine worth $72,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SMHI. Robotti Robert raised its position in shares of SEACOR Marine by 56.0% in the first quarter. Robotti Robert now owns 845,687 shares of the company’s stock valued at $4,279,000 after buying an additional 303,537 shares during the last quarter. Cerity Partners LLC raised its position in shares of SEACOR Marine by 113.3% in the first quarter. Cerity Partners LLC now owns 449,073 shares of the company’s stock valued at $2,272,000 after buying an additional 238,509 shares during the last quarter. Northern Trust Corp raised its position in shares of SEACOR Marine by 3.7% in the fourth quarter. Northern Trust Corp now owns 238,578 shares of the company’s stock valued at $1,565,000 after buying an additional 8,552 shares during the last quarter. Oppenheimer & Co. Inc. raised its position 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 valued at $785,000 after buying an additional 18,100 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in shares of SEACOR Marine by 69.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 101,871 shares of the company’s stock valued at $668,000 after buying an additional 41,817 shares during the last quarter. Institutional investors and hedge funds own 59.05% of the company’s stock.

SEACOR Marine Price Performance

SMHI opened at $6.34 on Thursday. The company has a quick ratio of 1.60, a current ratio of 1.63 and a debt-to-equity ratio of 1.16. SEACOR Marine Holdings Inc. has a 52-week low of $3.63 and a 52-week high of $10.59. The company has a 50 day moving average of $5.89 and a two-hundred day moving average of $5.39. The company has a market cap of $170.95 million, a P/E ratio of -2.70 and a beta of 1.48.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SMHI shares. Clarkson Capital lowered shares of SEACOR Marine from a “buy” rating to a “neutral” rating and set a $7.00 price objective for the company. in a research report on Tuesday. Wall Street Zen raised shares of SEACOR Marine from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, SEACOR Marine has a consensus rating of “Hold” and an average target price of $7.00.

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.