SEACOR Marine (NYSE:SMHI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SEACOR Marine (NYSE:SMHI) from a sell rating to a hold rating in a report published on Sunday.

SMHI has been the subject of a number of other reports. Zacks Research downgraded SEACOR Marine from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings reaffirmed 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $7.00.

SEACOR Marine Stock Performance

Shares of SMHI stock opened at $7.61 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.51 and a current ratio of 2.54. The firm has a market cap of $205.09 million, a price-to-earnings ratio of -7.32 and a beta of 1.18. SEACOR Marine has a 52 week low of $3.63 and a 52 week high of $8.17. The firm’s 50-day simple moving average is $6.89 and its two-hundred day simple moving average is $6.72.

SEACOR Marine (NYSE:SMHI) last released its earnings results on Wednesday, February 25th. The company reported ($0.57) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.65) by $0.08. The firm had revenue of $52.33 million during the quarter, compared to the consensus estimate of $55.81 million. SEACOR Marine had a negative net margin of 12.22% and a negative return on equity of 11.85%. As a group, equities analysts forecast that SEACOR Marine will post -2.54 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SMHI. First Eagle Investment Management LLC raised its holdings in 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 acquiring an additional 52,000 shares during the period. Oppenheimer & Close LLC boosted its holdings in shares of SEACOR Marine by 0.5% in the fourth quarter. Oppenheimer & Close LLC now owns 553,833 shares of the company’s stock worth $3,334,000 after acquiring an additional 2,911 shares during the period. Geode Capital Management LLC grew its position in shares of SEACOR Marine by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 485,730 shares of the company’s stock valued at $2,925,000 after purchasing an additional 5,117 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of SEACOR Marine by 6.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 220,500 shares of the company’s stock valued at $1,327,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Glenorchy Capital Ltd raised its stake in shares of SEACOR Marine by 4.3% during the 4th quarter. Glenorchy Capital Ltd now owns 192,803 shares of the company’s stock valued at $1,161,000 after purchasing an additional 7,952 shares during the period. 59.05% of the stock is currently owned by hedge funds and other institutional investors.

About SEACOR Marine

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.