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

SEACOR Marine Holdings Inc. (NYSE:SMHI) crossed 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 traded.

Wall Street Analysts Forecast Growth

SMHI has been the subject of a number of recent analyst reports. Zacks Research downgraded SEACOR Marine from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Wall Street Zen upgraded SEACOR Marine from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. 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 research report on Monday, March 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $10.00.

SEACOR Marine Price Performance

The company has a 50 day moving average of $7.31 and a 200-day moving average of $6.83. The firm has a market capitalization of $195.73 million, a P/E ratio of -6.98 and a beta of 1.11. The company has a current ratio of 2.54, a quick ratio of 2.51 and a debt-to-equity ratio of 1.15.

SEACOR Marine (NYSE:SMHI) last issued its quarterly earnings results 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 firm had revenue of $52.33 million for the quarter, compared to analyst estimates of $55.81 million. SEACOR Marine had a negative return on equity of 11.85% and a negative net margin of 12.22%. On average, sell-side analysts predict that SEACOR Marine Holdings Inc. will post -2.54 EPS for the current year.

Institutional Investors Weigh In On SEACOR Marine

A number of large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its stake in SEACOR Marine by 75.1% in the third 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. Tower Research Capital LLC TRC raised its holdings in shares of SEACOR Marine by 289.7% during the second 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 period. Valeo Financial Advisors LLC bought a new position in shares of SEACOR Marine during the 4th quarter worth about $60,000. Raymond James Financial Inc. grew its stake in shares of SEACOR Marine by 197.4% in the 3rd quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock valued at $98,000 after buying an additional 10,000 shares during the period. Finally, Wells Fargo & Company MN increased its position in SEACOR Marine by 55.4% in the 4th quarter. Wells Fargo & Company MN now owns 24,486 shares of the company’s stock valued at $147,000 after buying an additional 8,733 shares in the last quarter. 59.05% of the stock is currently owned by institutional investors and hedge funds.

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.