California Public Employees Retirement System reduced its position in SEACOR Marine Holdings Inc (NYSE:SMHI) by 15.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,700 shares of the company’s stock after selling 8,963 shares during the period. California Public Employees Retirement System owned approximately 0.23% of SEACOR Marine worth $1,101,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Carlyle Group L.P. bought a new position in shares of SEACOR Marine in the 2nd quarter worth $60,881,000. Bank of America Corp DE lifted its holdings in shares of SEACOR Marine by 117.6% in the 2nd quarter. Bank of America Corp DE now owns 9,760 shares of the company’s stock worth $225,000 after purchasing an additional 5,275 shares in the last quarter. United Services Automobile Association lifted its holdings in shares of SEACOR Marine by 14.2% in the 2nd quarter. United Services Automobile Association now owns 236,199 shares of the company’s stock worth $5,454,000 after purchasing an additional 29,400 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of SEACOR Marine in the 2nd quarter worth $205,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of SEACOR Marine by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,472,696 shares of the company’s stock worth $34,004,000 after purchasing an additional 89,778 shares in the last quarter. Institutional investors own 89.39% of the company’s stock.
NYSE SMHI opened at $17.23 on Wednesday. SEACOR Marine Holdings Inc has a 12 month low of $11.66 and a 12 month high of $26.20. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.63 and a quick ratio of 1.60.
SEACOR Marine (NYSE:SMHI) last released its quarterly earnings results on Thursday, August 9th. The company reported ($1.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.99) by ($0.26). The company had revenue of $60.70 million during the quarter. SEACOR Marine had a negative net margin of 21.65% and a negative return on equity of 17.17%.
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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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