Cerity Partners LLC Increases Stock Holdings in SEACOR Marine Holdings Inc. (NYSE:SMHI)

Cerity Partners LLC lifted its position in SEACOR Marine Holdings Inc. (NYSE:SMHI) by 355.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 174,703 shares of the company’s stock after purchasing an additional 136,331 shares during the quarter. Cerity Partners LLC owned about 0.64% of SEACOR Marine worth $2,200,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of SEACOR Marine by 2.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 4,937,974 shares of the company’s stock valued at $28,443,000 after purchasing an additional 97,862 shares during the period. BlackRock Inc. boosted its stake in SEACOR Marine by 257.0% during the second quarter. BlackRock Inc. now owns 1,526,425 shares of the company’s stock worth $17,447,000 after buying an additional 1,098,854 shares during the period. Vanguard Group Inc. boosted its stake in SEACOR Marine by 2.2% during the third quarter. Vanguard Group Inc. now owns 1,227,584 shares of the company’s stock worth $17,039,000 after buying an additional 26,219 shares during the period. Dimensional Fund Advisors LP boosted its stake in SEACOR Marine by 6.9% during the first quarter. Dimensional Fund Advisors LP now owns 858,759 shares of the company’s stock worth $6,535,000 after buying an additional 55,336 shares during the period. Finally, Geode Capital Management LLC boosted its stake in SEACOR Marine by 124.7% during the second quarter. Geode Capital Management LLC now owns 456,153 shares of the company’s stock worth $5,214,000 after buying an additional 253,181 shares during the period. Hedge funds and other institutional investors own 59.05% of the company’s stock.

SEACOR Marine Stock Performance

Shares of SMHI stock opened at $12.45 on Friday. 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 company has a 50-day moving average of $12.49 and a two-hundred day moving average of $12.32. SEACOR Marine Holdings Inc. has a 1-year low of $7.51 and a 1-year high of $15.24.

SEACOR Marine (NYSE:SMHI) last announced its earnings results on Thursday, February 29th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.49) by $0.69. The company had revenue of $73.08 million during the quarter, compared to analyst estimates of $63.55 million. SEACOR Marine had a negative net margin of 3.38% and a negative return on equity of 2.52%. Equities analysts anticipate that SEACOR Marine Holdings Inc. will post -0.7 earnings per share for the current fiscal year.

SEACOR Marine 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.