SEACOR Marine (NYSE:SMHI) Shares Up 2.5% – What’s Next?

SEACOR Marine Holdings Inc. (NYSE:SMHI) shares shot up 2.5% during mid-day trading on Wednesday . The company traded as high as $7.48 and last traded at $7.4450. 87,140 shares were traded during mid-day trading, a decline of 33% from the average session volume of 129,682 shares. The stock had previously closed at $7.26.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Zacks Research downgraded shares of SEACOR Marine from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Wall Street Zen lowered shares of SEACOR Marine from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $7.00.

SEACOR Marine Stock Performance

The company has a 50-day moving average of $6.58 and a 200-day moving average of $6.49. The firm has a market capitalization of $200.84 million, a price-to-earnings ratio of -5.28 and a beta of 1.26. The company has a current ratio of 2.39, a quick ratio of 2.36 and a debt-to-equity ratio of 1.12.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SMHI. First Eagle Investment Management LLC grew its position in shares of SEACOR Marine by 4.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,137,894 shares of the company’s stock valued at $5,803,000 after buying an additional 52,000 shares during the last quarter. Epacria Capital Partners LLC lifted its holdings in SEACOR Marine by 19.5% in the second quarter. Epacria Capital Partners LLC now owns 155,230 shares of the company’s stock worth $792,000 after acquiring an additional 25,335 shares during the last quarter. Glenorchy Capital Ltd boosted its stake in SEACOR Marine by 2.5% in the second quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock valued at $945,000 after acquiring an additional 4,574 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of SEACOR Marine by 289.7% during the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock valued at $51,000 after purchasing an additional 7,406 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of SEACOR Marine by 5.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 207,500 shares of the company’s stock worth $1,347,000 after purchasing an additional 10,100 shares during the period. 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.