SEACOR Marine (NYSE:SMHI) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

SEACOR Marine Holdings Inc. (NYSE:SMHI)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.31 and traded as high as $7.60. SEACOR Marine shares last traded at $7.2620, with a volume of 57,198 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SMHI shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a research note on Wednesday, January 21st. Wall Street Zen raised shares of SEACOR Marine from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. Zacks Research lowered shares of SEACOR Marine from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Clarkson Capital raised shares of SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Monday, March 16th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.00.

SEACOR Marine Stock Performance

The company has a market capitalization of $195.71 million, a price-to-earnings ratio of -6.98 and a beta of 1.11. The firm has a fifty day simple moving average of $7.31 and a 200 day simple moving average of $6.83. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.54 and a quick ratio of 2.51.

SEACOR Marine (NYSE:SMHI) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.57) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.65) by $0.08. The business had revenue of $52.33 million for the quarter, compared to the consensus estimate of $55.81 million. SEACOR Marine had a negative net margin of 12.22% and a negative return on equity of 11.85%. On average, analysts anticipate that SEACOR Marine Holdings Inc. will post -2.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SEACOR Marine

Several large investors have recently bought and sold shares of the company. Barclays PLC lifted its position in shares of SEACOR Marine by 9.5% in the fourth quarter. Barclays PLC now owns 58,185 shares of the company’s stock valued at $350,000 after acquiring an additional 5,060 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of SEACOR Marine by 55.4% during the fourth quarter. Wells Fargo & Company MN now owns 24,486 shares of the company’s stock worth $147,000 after purchasing an additional 8,733 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of SEACOR Marine by 197.4% during the third quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock worth $98,000 after purchasing an additional 10,000 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in SEACOR Marine by 289.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock valued at $51,000 after purchasing an additional 7,406 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in SEACOR Marine by 75.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock valued at $26,000 after purchasing an additional 1,699 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 (NYSE:SMHI) is a U.S.-based provider of offshore marine transportation and support services, offering a fleet of platform supply vessels (PSVs), crew transfer vessels, and specialty craft designed for the energy sector. The company serves clients engaged in offshore oil and gas exploration and production, as well as emerging offshore wind and renewable energy projects. Its services include cargo and personnel transfer, subsea support, emergency response, and project logistics.

Formed through the combination of SEACOR Holdings’ offshore marine division and acquired assets from Hornbeck Offshore Services, SEACOR Marine brings together a broad range of technical expertise and vessel capabilities.