SEACOR Marine (NYSE:SMHI) Upgraded by Wall Street Zen to Hold Rating

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

A number of other analysts have also weighed in on SMHI. Zacks Research lowered shares of SEACOR Marine from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $7.00.

SEACOR Marine Trading Down 4.3%

SMHI opened at $7.34 on Friday. The company has a quick ratio of 2.51, a current ratio of 2.54 and a debt-to-equity ratio of 1.15. The stock’s fifty day moving average is $6.83 and its two-hundred day moving average is $6.70. The company has a market capitalization of $197.81 million, a P/E ratio of -7.06 and a beta of 1.18. SEACOR Marine has a 52 week low of $3.63 and a 52 week high of $8.17.

SEACOR Marine (NYSE:SMHI) last issued its earnings results on Wednesday, February 25th. The company reported ($0.57) earnings per share for the quarter, topping the consensus estimate of ($0.65) by $0.08. SEACOR Marine had a negative return on equity of 11.85% and a negative net margin of 12.22%.The business had revenue of $52.33 million during the quarter, compared to analysts’ expectations of $55.81 million. Analysts forecast that SEACOR Marine will post -2.54 earnings per share for the current year.

Institutional Trading of SEACOR Marine

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Eagle Investment Management LLC grew its stake in SEACOR Marine by 4.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,137,894 shares of the company’s stock worth $5,803,000 after buying an additional 52,000 shares during the last quarter. Epacria Capital Partners LLC raised its stake in SEACOR Marine by 19.5% in the second quarter. Epacria Capital Partners LLC now owns 155,230 shares of the company’s stock valued at $792,000 after buying an additional 25,335 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in SEACOR Marine by 289.7% in 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 in the last quarter. Raymond James Financial Inc. boosted its holdings in SEACOR Marine by 197.4% in the third quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock worth $98,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake 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 acquiring an additional 8,733 shares during the last quarter. Hedge funds and other institutional investors own 59.05% of the company’s stock.

SEACOR Marine Company Profile

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.