United Services Automobile Association increased its position in SEACOR Marine Holdings Inc (NYSE:SMHI) by 14.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 236,199 shares of the company’s stock after purchasing an additional 29,400 shares during the period. United Services Automobile Association owned 1.16% of SEACOR Marine worth $5,454,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Third Avenue Management LLC grew its stake in SEACOR Marine by 22.5% in the second quarter. Third Avenue Management LLC now owns 357,650 shares of the company’s stock worth $8,247,000 after purchasing an additional 65,750 shares during the period. Carlyle Group L.P. bought a new stake in SEACOR Marine in the second quarter worth $60,881,000. Engineers Gate Manager LP bought a new stake in SEACOR Marine in the second quarter worth $295,000. California Public Employees Retirement System boosted its holdings in SEACOR Marine by 28.0% in the first quarter. California Public Employees Retirement System now owns 56,663 shares of the company’s stock worth $1,078,000 after acquiring an additional 12,405 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in SEACOR Marine by 5.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,382,918 shares of the company’s stock worth $26,303,000 after acquiring an additional 69,922 shares in the last quarter. 89.41% of the stock is currently owned by institutional investors.
SEACOR Marine stock opened at $19.54 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.60 and a debt-to-equity ratio of 0.64. SEACOR Marine Holdings Inc has a 12 month low of $11.66 and a 12 month high of $26.20.
SEACOR Marine (NYSE:SMHI) last released its earnings results on Thursday, August 9th. The company reported ($1.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.99) by ($0.26). SEACOR Marine had a negative return on equity of 17.17% and a negative net margin of 21.65%. The company had revenue of $60.70 million during the quarter.
SEACOR Marine Company Profile
SEACOR Marine Holdings Inc provides marine and support transportation services to offshore oil and natural gas exploration, development, and production facilities worldwide. It operates a fleet of offshore support and specialty vessels that deliver cargo and personnel to offshore installations; handle anchors and mooring equipment required to tether rigs to the seabed; tow rigs and assist in placing them on location and moving them between regions; construction, well work-over, and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, inspection, and repair, as well as accommodations for technicians and specialists, safety support, and emergency response services.
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