SEACOR Marine (NYSE:SMHI) Upgraded by Wall Street Zen to “Buy” Rating

SEACOR Marine (NYSE:SMHI) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other analysts also recently issued reports on SMHI. Clarkson Capital downgraded shares of SEACOR Marine from a “buy” rating to a “neutral” rating and set a $7.00 target price on the stock. in a research note on Tuesday, September 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $7.00.

SEACOR Marine Price Performance

NYSE SMHI opened at $6.32 on Friday. The stock has a market capitalization of $170.62 million, a P/E ratio of -4.49 and a beta of 1.39. SEACOR Marine has a 1 year low of $3.63 and a 1 year high of $7.82. The business’s fifty day moving average is $6.35 and its two-hundred day moving average is $5.71. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.60 and a current ratio of 2.39.

SEACOR Marine (NYSE:SMHI) last announced its earnings results on Wednesday, October 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.76. SEACOR Marine had a negative net margin of 16.08% and a negative return on equity of 6.67%. The company had revenue of $59.19 million for the quarter, compared to the consensus estimate of $65.89 million. On average, research analysts forecast that SEACOR Marine will post -2.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEACOR Marine

Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its holdings in shares of SEACOR Marine by 289.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock valued at $51,000 after acquiring an additional 7,406 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of SEACOR Marine by 43.1% during the 1st quarter. MetLife Investment Management LLC now owns 14,131 shares of the company’s stock valued at $72,000 after acquiring an additional 4,257 shares in the last quarter. Levin Capital Strategies L.P. purchased a new position in shares of SEACOR Marine during the 1st quarter valued at $86,000. Rhumbline Advisers grew 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 valued at $236,000 after acquiring an additional 8,622 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of SEACOR Marine by 19.8% during the 1st quarter. Wellington Management Group LLP now owns 46,780 shares of the company’s stock valued at $237,000 after acquiring an additional 7,739 shares in the last quarter. 59.05% of the stock is currently owned by hedge funds and other institutional investors.

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.