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

Wall Street Zen cut shares of SEACOR Marine (NYSE:SMHI) from a buy rating to a hold rating in a research note published on Saturday.

Other research analysts have also issued research reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a research report on Wednesday, October 8th. Zacks Research upgraded SEACOR Marine from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Finally, Clarkson Capital downgraded SEACOR Marine from a “buy” rating to a “neutral” rating and set a $7.00 target price for the company. in a research report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $7.00.

SEACOR Marine Stock Down 3.1%

NYSE SMHI opened at $6.02 on Friday. SEACOR Marine has a twelve month low of $3.63 and a twelve month high of $7.88. The stock has a market cap of $162.37 million, a PE ratio of -4.27 and a beta of 1.30. The firm has a 50-day simple moving average of $6.82 and a 200 day simple moving average of $6.28. 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 posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.76. The firm had revenue of $59.19 million for the quarter, compared to the consensus estimate of $65.89 million. SEACOR Marine had a negative net margin of 16.08% and a negative return on equity of 6.67%. On average, research analysts forecast that SEACOR Marine will post -2.54 EPS for the current year.

Insider Activity

In other news, Director Julie Persily sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $7.45, for a total value of $52,150.00. Following the transaction, the director directly owned 85,476 shares of the company’s stock, valued at $636,796.20. The trade was a 7.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 14.60% of the company’s stock.

Hedge Funds Weigh In On SEACOR Marine

Several institutional investors have recently bought and sold shares of SMHI. BNP Paribas Financial Markets boosted 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 worth $26,000 after purchasing an additional 1,699 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in SEACOR Marine by 289.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock worth $51,000 after buying an additional 7,406 shares in the last quarter. MetLife Investment Management LLC lifted its position in SEACOR Marine by 43.1% during the 1st quarter. MetLife Investment Management LLC now owns 14,131 shares of the company’s stock worth $72,000 after buying an additional 4,257 shares in the last quarter. Raymond James Financial Inc. grew its holdings in SEACOR Marine by 197.4% during the 3rd 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 during the last quarter. Finally, Barington Companies Management LLC acquired a new stake in SEACOR Marine in the 3rd quarter valued at about $162,000. Institutional investors own 59.05% of the company’s stock.

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.