SEACOR Marine (NYSE:SMHI) Downgraded by Zacks Research to “Hold”

SEACOR Marine (NYSE:SMHI) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

SMHI has been the subject of a number of other research reports. Wall Street Zen lowered SEACOR Marine from a “buy” rating to a “hold” rating in a research note on Saturday. Clarkson Capital cut SEACOR Marine from a “buy” rating to a “neutral” rating and set a $7.00 price target on the stock. in a research note on Tuesday, September 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $7.00.

SEACOR Marine Price Performance

SMHI stock opened at $5.96 on Monday. The firm has a market cap of $160.72 million, a P/E ratio of -4.23 and a beta of 1.30. The firm’s fifty day moving average is $6.82 and its 200 day moving average is $6.28. SEACOR Marine has a 52 week low of $3.63 and a 52 week high of $7.88. 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 the consensus estimate of ($0.59) by $0.76. SEACOR Marine had a negative net margin of 16.08% and a negative return on equity of 6.67%. The business had revenue of $59.19 million during the quarter, compared to the consensus estimate of $65.89 million. Research analysts predict that SEACOR Marine will post -2.54 earnings per share for the current year.

Insider Activity

In related news, Director Julie Persily sold 7,000 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $7.45, for a total transaction of $52,150.00. Following the transaction, the director owned 85,476 shares in the company, valued at $636,796.20. The trade was a 7.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 14.60% of the stock is owned by insiders.

Institutional Investors Weigh In On SEACOR Marine

A number of large investors have recently made changes to their positions in SMHI. BNP Paribas Financial Markets grew its position in shares of SEACOR Marine by 75.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock worth $26,000 after buying an additional 1,699 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake 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 during the period. MetLife Investment Management LLC boosted its holdings in SEACOR Marine by 43.1% in the first quarter. MetLife Investment Management LLC now owns 14,131 shares of the company’s stock valued at $72,000 after acquiring an additional 4,257 shares in the last quarter. Raymond James Financial Inc. increased its position in SEACOR Marine by 197.4% during the 3rd quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock valued at $98,000 after purchasing an additional 10,000 shares during the period. Finally, Barington Companies Management LLC purchased a new position in SEACOR Marine during the 3rd quarter valued at $162,000. 59.05% of the stock is currently owned by institutional investors.

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.