SEACOR Marine (NYSE:SMHI) Trading Up 0.2% – Still a Buy?

SEACOR Marine Holdings Inc. (NYSE:SMHI) shares rose 0.2% on Wednesday . The stock traded as high as $7.02 and last traded at $6.9450. Approximately 98,052 shares were traded during trading, an increase of 10% from the average daily volume of 89,291 shares. The stock had previously closed at $6.93.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SMHI shares. Wall Street Zen raised SEACOR Marine from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a report on Wednesday, October 8th. Zacks Research upgraded shares of SEACOR Marine from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Finally, Clarkson Capital lowered shares of SEACOR Marine from a “buy” rating to a “neutral” rating and set a $7.00 price objective on the stock. in a report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $7.00.

SEACOR Marine Stock Up 0.2%

The stock has a 50-day moving average of $6.73 and a two-hundred day moving average of $6.24. 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 company has a market cap of $187.38 million, a P/E ratio of -4.93 and a beta of 1.30.

SEACOR Marine (NYSE:SMHI) last announced its earnings results on Wednesday, October 29th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.76. The business had revenue of $59.19 million during the quarter, compared to analyst estimates 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 anticipate that SEACOR Marine Holdings Inc. will post -2.54 EPS for the current fiscal year.

Insider Activity

In other SEACOR Marine news, Director Julie Persily sold 7,000 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $7.45, for a total value of $52,150.00. Following the sale, the director owned 85,476 shares of the company’s stock, valued at $636,796.20. This trade represents a 7.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SMHI. Nuveen LLC acquired a new stake in shares of SEACOR Marine in the 1st quarter worth approximately $444,000. American Century Companies Inc. grew its holdings in SEACOR Marine by 7.7% during the first quarter. American Century Companies Inc. now owns 50,806 shares of the company’s stock valued at $257,000 after purchasing an additional 3,625 shares during the period. Wellington Management Group LLP lifted its position in SEACOR Marine by 19.8% during the first quarter. Wellington Management Group LLP now owns 46,780 shares of the company’s stock worth $237,000 after purchasing an additional 7,739 shares during the period. MetLife Investment Management LLC grew its stake in SEACOR Marine by 43.1% during the first quarter. MetLife Investment Management LLC now owns 14,131 shares of the company’s stock worth $72,000 after purchasing an additional 4,257 shares during the period. Finally, First Manhattan CO. LLC. grew its position in shares of SEACOR Marine by 1.5% during the 1st quarter. First Manhattan CO. LLC. now owns 356,465 shares of the company’s stock valued at $1,804,000 after acquiring an additional 5,100 shares during the period. Hedge funds and other institutional investors own 59.05% of the company’s stock.

About SEACOR Marine

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.