Evercore ISI reiterated their hold rating on shares of SEACOR Marine (NYSE:SMHI) in a report released on Monday, AnalystRatings.com reports. The firm currently has a $10.00 price target on the stock.
Separately, ValuEngine downgraded SEACOR Marine from a buy rating to a hold rating in a research report on Friday, November 1st.
SMHI opened at $11.80 on Monday. The company’s 50 day simple moving average is $12.93 and its two-hundred day simple moving average is $13.27. SEACOR Marine has a 1-year low of $10.52 and a 1-year high of $18.21. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.13 and a quick ratio of 1.12.
SEACOR Marine (NYSE:SMHI) last posted its quarterly earnings results on Friday, November 8th. The company reported ($0.35) earnings per share (EPS) for the quarter. SEACOR Marine had a negative net margin of 32.56% and a negative return on equity of 13.33%. The company had revenue of $54.70 million during the quarter.
In other SEACOR Marine news, Director Bejos Alfredo Miguel sold 26,738 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $13.33, for a total value of $356,417.54. Also, CEO John M. Gellert bought 15,885 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average price of $12.26 per share, for a total transaction of $194,750.10. Insiders sold a total of 139,315 shares of company stock valued at $1,822,448 over the last ninety days. Corporate insiders own 12.92% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in SEACOR Marine by 12.2% in the second quarter. BlackRock Inc. now owns 1,379,194 shares of the company’s stock valued at $20,632,000 after acquiring an additional 149,504 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of SEACOR Marine by 1.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,951,524 shares of the company’s stock valued at $59,115,000 after purchasing an additional 58,596 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of SEACOR Marine by 10.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 115,347 shares of the company’s stock valued at $1,726,000 after purchasing an additional 10,496 shares during the last quarter. Oppenheimer & Close LLC lifted its stake in shares of SEACOR Marine by 11.5% in the 2nd quarter. Oppenheimer & Close LLC now owns 240,256 shares of the company’s stock valued at $3,594,000 after purchasing an additional 24,861 shares during the last quarter. Finally, Carlyle Group L.P. grew its holdings in shares of SEACOR Marine by 6.4% during the 2nd quarter. Carlyle Group L.P. now owns 1,064,976 shares of the company’s stock worth $15,932,000 after purchasing an additional 64,391 shares during the period. 79.64% of the stock is currently owned by hedge funds and other institutional investors.
About SEACOR Marine
Seacor Marine Holdings, Inc engages in the provision of offshore marine business. It offers global marine and support transportation services to offshore oil & gas exploration, development, and production facilities. The company involves in the operation of support and specialty vessels for and among independent oil, gas exploration, production, and emerging independent companies.
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