Key Points
- Director Julie Persily sold 7,000 shares on Nov. 11 at an average price of $7.45 for proceeds of $52,150, reducing her position by 7.57% to 85,476 shares (valued ~ $636,796).
- SEACOR Marine reported an upside EPS surprise (quarterly EPS $0.17 vs. consensus -$0.59) but missed revenue estimates and remains unprofitable with negative ROE and net margin, while analysts forecast -2.54 EPS for the year.
- The stock is trading around $7.71 with a market cap near $208M, a 1-year range of $3.63–$7.88, and mixed analyst coverage that yields a consensus "Hold" and average target of $7.00.
SEACOR Marine Holdings Inc. (NYSE:SMHI - Get Free Report) Director Julie Persily sold 7,000 shares of the company's stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $7.45, for a total transaction of $52,150.00. Following the transaction, the director owned 85,476 shares in the company, valued at $636,796.20. The trade was a 7.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
SEACOR Marine Stock Performance
Shares of NYSE:SMHI traded up $0.30 on Thursday, hitting $7.71. 39,103 shares of the company were exchanged, compared to its average volume of 112,251. The firm has a market capitalization of $207.99 million, a P/E ratio of -5.45 and a beta of 1.34. The company has a current ratio of 2.39, a quick ratio of 2.36 and a debt-to-equity ratio of 1.12. SEACOR Marine Holdings Inc. has a 1-year low of $3.63 and a 1-year high of $7.88. The stock's 50 day moving average price is $6.45 and its 200 day moving average price is $5.86.
SEACOR Marine (NYSE:SMHI - Get Free Report) last issued its earnings results on Wednesday, October 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.59) by $0.76. SEACOR Marine had a negative return on equity of 6.67% and a negative net margin of 16.08%.The company had revenue of $59.19 million during the quarter, compared to analyst estimates of $65.89 million. Sell-side analysts predict that SEACOR Marine Holdings Inc. will post -2.54 EPS for the current year.
Analyst Ratings Changes
SMHI has been the subject of several research analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of SEACOR Marine in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of SEACOR Marine from a "hold" rating to a "buy" rating in a research note on Saturday, November 1st. Zacks Research upgraded shares of SEACOR Marine from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 31st. Finally, Clarkson Capital downgraded shares of SEACOR Marine from a "buy" rating to a "neutral" rating and set a $7.00 target price for the company. in a research report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, SEACOR Marine presently has a consensus rating of "Hold" and an average target price of $7.00.
Get Our Latest Report on SEACOR Marine
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Nuveen LLC purchased a new stake in shares of SEACOR Marine during the 1st quarter worth about $444,000. American Century Companies Inc. raised its holdings in SEACOR Marine by 7.7% in the 1st quarter. American Century Companies Inc. now owns 50,806 shares of the company's stock worth $257,000 after purchasing an additional 3,625 shares during the period. Cerity Partners LLC boosted its position in SEACOR Marine by 113.3% during the first quarter. Cerity Partners LLC now owns 449,073 shares of the company's stock worth $2,272,000 after purchasing an additional 238,509 shares in the last quarter. Robotti Robert grew its holdings in SEACOR Marine by 56.0% in the first quarter. Robotti Robert now owns 845,687 shares of the company's stock valued at $4,279,000 after purchasing an additional 303,537 shares during the period. Finally, First Eagle Investment Management LLC increased its position in shares of SEACOR Marine by 4.8% in the second quarter. First Eagle Investment Management LLC now owns 1,137,894 shares of the company's stock valued at $5,803,000 after buying an additional 52,000 shares in the last quarter. Institutional investors and hedge funds own 59.05% of the company's stock.
About SEACOR Marine
(
Get Free Report)
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.
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