SEACOR Marine (NYSE:SMHI) Shares Up 1.2%

Shares of SEACOR Marine Holdings Inc. (NYSE:SMHI) shot up 1.2% during mid-day trading on Wednesday . The stock traded as high as $14.04 and last traded at $13.95. 183,209 shares traded hands during trading, an increase of 39% from the average session volume of 131,742 shares. The stock had previously closed at $13.78.

Analyst Ratings Changes

Separately, B. Riley began coverage on SEACOR Marine in a report on Friday, December 1st. They set a “buy” rating and a $17.00 price objective on the stock.

SEACOR Marine Stock Performance

The company has a quick ratio of 2.12, a current ratio of 2.14 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average of $11.47 and a 200-day moving average of $12.29. The stock has a market cap of $379.16 million, a PE ratio of -38.75 and a beta of 1.19.

SEACOR Marine (NYSE:SMHI) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.69. The firm had revenue of $73.08 million during the quarter, compared to the consensus estimate of $63.55 million. SEACOR Marine had a negative net margin of 3.38% and a negative return on equity of 2.52%. On average, equities analysts forecast that SEACOR Marine Holdings Inc. will post -0.7 EPS for the current year.

Institutional Investors Weigh In On SEACOR Marine

A number of hedge funds have recently added to or reduced their stakes in SMHI. Price T Rowe Associates Inc. MD lifted its position in shares of SEACOR Marine by 2.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,937,974 shares of the company’s stock valued at $28,443,000 after acquiring an additional 97,862 shares during the period. BlackRock Inc. raised its position in shares of SEACOR Marine by 257.0% during the 2nd quarter. BlackRock Inc. now owns 1,526,425 shares of the company’s stock worth $17,447,000 after purchasing an additional 1,098,854 shares during the last quarter. Vanguard Group Inc. grew its stake in SEACOR Marine by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 1,267,091 shares of the company’s stock worth $15,953,000 after acquiring an additional 39,507 shares during the period. Dimensional Fund Advisors LP grew its stake in SEACOR Marine by 12.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,014,790 shares of the company’s stock worth $12,777,000 after acquiring an additional 113,866 shares during the period. Finally, Geode Capital Management LLC grew its stake in SEACOR Marine by 124.7% in the 2nd quarter. Geode Capital Management LLC now owns 456,153 shares of the company’s stock worth $5,214,000 after acquiring an additional 253,181 shares during the period. Institutional investors and hedge funds own 59.05% of the company’s stock.

SEACOR Marine Company Profile

SEACOR Marine Holdings Inc provides marine and support transportation services to offshore oil, natural gas, and windfarm facilities worldwide. Its offshore support and specialty vessels deliver cargo and personnel to offshore installations, including offshore wind farms; handle anchors and mooring equipment for offshore rigs and platforms; assist offshore operations for production and storage facilities; provide construction, well work-over, and offshore wind farm installation and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, inspection, and repair, as well as offer accommodations for technicians and specialists, safety support, and emergency response services.