SEACOR Marine (NYSE:SMHI) Stock Rating Lowered by Zacks Research

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

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

SEACOR Marine Stock Performance

Shares of SMHI opened at $5.96 on Monday. SEACOR Marine has a 1 year low of $3.63 and a 1 year high of $7.88. The stock has a market capitalization of $160.72 million, a PE ratio of -4.23 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. The stock has a 50-day simple moving average of $6.82 and a 200-day simple moving average of $6.28.

SEACOR Marine (NYSE:SMHI) last released its 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. SEACOR Marine had a negative net margin of 16.08% and a negative return on equity of 6.67%. The firm had revenue of $59.19 million for the quarter, compared to analyst estimates of $65.89 million. On average, analysts predict that SEACOR Marine will post -2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On SEACOR Marine

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its stake in shares of SEACOR Marine by 75.1% during the third 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 period. American Century Companies Inc. raised its stake in SEACOR Marine by 7.7% during the 1st quarter. American Century Companies Inc. now owns 50,806 shares of the company’s stock valued at $257,000 after acquiring an additional 3,625 shares during the last quarter. MetLife Investment Management LLC raised its stake in 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 acquiring an additional 4,257 shares during the last quarter. Glenorchy Capital Ltd lifted its position in SEACOR Marine by 2.5% during the 2nd quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock worth $945,000 after acquiring an additional 4,574 shares during the period. Finally, First Manhattan CO. LLC. grew its stake in shares of SEACOR Marine by 1.5% in the 1st quarter. First Manhattan CO. LLC. now owns 356,465 shares of the company’s stock valued at $1,804,000 after purchasing an additional 5,100 shares during the last quarter. 59.05% of the stock is owned by hedge funds and other 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.