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 released on Saturday.

SEACOR Marine Stock Performance

Shares of SMHI stock opened at $6.17 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.59 and a current ratio of 1.63. SEACOR Marine has a one year low of $3.63 and a one year high of $15.36. The company’s 50-day simple moving average is $5.03 and its 200-day simple moving average is $5.75. The stock has a market capitalization of $165.57 million, a price-to-earnings ratio of -3.67 and a beta of 1.48.

SEACOR Marine (NYSE:SMHI) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.56) EPS for the quarter, topping the consensus estimate of ($0.57) by $0.01. SEACOR Marine had a negative net margin of 16.81% and a negative return on equity of 13.32%. The business had revenue of $55.50 million for the quarter, compared to analysts’ expectations of $65.29 million. Equities analysts anticipate that SEACOR Marine will post -2.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SEACOR Marine

Several institutional investors and hedge funds have recently bought and sold shares of SMHI. Valeo Financial Advisors LLC acquired a new stake in SEACOR Marine during the fourth quarter worth about $66,000. Cubist Systematic Strategies LLC acquired a new stake in SEACOR Marine during the fourth quarter worth about $68,000. Quarry LP acquired a new stake in SEACOR Marine during the fourth quarter worth about $72,000. MetLife Investment Management LLC increased its stake in shares of SEACOR Marine by 43.1% in the first quarter. MetLife Investment Management LLC now owns 14,131 shares of the company’s stock valued at $72,000 after purchasing an additional 4,257 shares during the period. Finally, Levin Capital Strategies L.P. acquired a new stake in shares of SEACOR Marine in the first quarter valued at approximately $86,000. Institutional investors and hedge funds own 59.05% of the company’s stock.

SEACOR Marine Company Profile

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.