SEACOR Marine (NYSE:SMHI) Rating Lowered to “Hold” at Wall Street Zen

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

A number of other brokerages have also recently weighed in on SMHI. Zacks Research upgraded SEACOR Marine from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Clarkson Capital lowered shares of SEACOR Marine from a “buy” rating to a “neutral” rating and set a $7.00 price objective on the stock. in a research note on Tuesday, September 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, SEACOR Marine has a consensus rating of “Hold” and an average price target of $7.00.

SEACOR Marine Price Performance

Shares of NYSE:SMHI opened at $6.20 on Friday. The business’s fifty day moving average price is $6.81 and its two-hundred day moving average price is $6.28. SEACOR Marine has a one year low of $3.63 and a one year high of $7.88. The stock has a market cap of $167.20 million, a PE ratio of -4.40 and a beta of 1.30. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.36 and a current ratio of 2.39.

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

Insiders Place Their Bets

In other news, Director Julie Persily sold 7,000 shares of SEACOR Marine stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $7.45, for a total value of $52,150.00. Following the completion of the sale, the director directly owned 85,476 shares in the company, valued at approximately $636,796.20. The trade was a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 14.60% of the stock is owned by insiders.

Institutional Trading of SEACOR Marine

Several large investors have recently made changes to their positions in SMHI. Nuveen LLC bought a new position in shares of SEACOR Marine in the first quarter worth approximately $444,000. American Century Companies Inc. lifted its position in SEACOR Marine by 7.7% during the first quarter. American Century Companies Inc. now owns 50,806 shares of the company’s stock valued at $257,000 after purchasing an additional 3,625 shares during the last quarter. Wellington Management Group LLP grew its stake in SEACOR Marine by 19.8% in the 1st quarter. Wellington Management Group LLP now owns 46,780 shares of the company’s stock worth $237,000 after buying an additional 7,739 shares in the last quarter. MetLife Investment Management LLC raised its position 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 buying an additional 4,257 shares in the last quarter. Finally, First Manhattan CO. LLC. lifted its holdings in shares of SEACOR Marine by 1.5% during the 1st quarter. First Manhattan CO. LLC. now owns 356,465 shares of the company’s stock worth $1,804,000 after acquiring an additional 5,100 shares during the last quarter. 59.05% of the stock is currently owned by institutional investors and hedge funds.

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.