SEACOR Marine Holdings Inc. (NYSE:SMHI – Get Free Report) rose 1.4% during trading on Tuesday . The company traded as high as $7.74 and last traded at $7.4650. Approximately 60,223 shares changed hands during trading, a decline of 22% from the average daily volume of 77,324 shares. The stock had previously closed at $7.36.
Wall Street Analyst Weigh In
Several research firms recently issued reports on SMHI. Wall Street Zen raised shares of SEACOR Marine from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a report on Monday, April 20th. Finally, Clarkson Capital raised shares of SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Monday, March 16th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, SEACOR Marine has a consensus rating of “Hold” and a consensus price target of $10.00.
Read Our Latest Stock Report on SEACOR Marine
SEACOR Marine Stock Up 1.4%
SEACOR Marine (NYSE:SMHI – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($0.61) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.92) by $0.31. The firm had revenue of $44.28 million for the quarter, compared to analysts’ expectations of $49.30 million. SEACOR Marine had a negative net margin of 13.00% and a negative return on equity of 12.38%. On average, sell-side analysts predict that SEACOR Marine Holdings Inc. will post -3.25 earnings per share for the current year.
Institutional Trading of SEACOR Marine
A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in shares of SEACOR Marine by 781.0% during the first quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock worth $41,000 after purchasing an additional 5,069 shares during the period. Renaissance Technologies LLC raised its holdings in shares of SEACOR Marine by 1.8% during the first quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock worth $862,000 after purchasing an additional 2,100 shares during the period. Hilltop Holdings Inc. acquired a new stake in shares of SEACOR Marine during the first quarter worth $147,000. Bank of New York Mellon Corp raised its holdings in shares of SEACOR Marine by 7.9% during the first quarter. Bank of New York Mellon Corp now owns 53,553 shares of the company’s stock worth $383,000 after purchasing an additional 3,937 shares during the period. Finally, Barclays PLC raised its holdings in shares of SEACOR Marine by 9.5% during the fourth quarter. Barclays PLC now owns 58,185 shares of the company’s stock worth $350,000 after purchasing an additional 5,060 shares during the period. 59.05% of the stock is owned by institutional investors and hedge funds.
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.
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