SEACOR Marine Holdings Inc. (NYSE:SMHI - Get Free Report) VP Andrew Everett II sold 1,637 shares of the business's stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $9.54, for a total transaction of $15,616.98. Following the completion of the sale, the vice president owned 204,726 shares in the company, valued at approximately $1,953,086.04. This trade represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
SEACOR Marine Price Performance
Shares of NYSE SMHI opened at $9.43 on Friday. SEACOR Marine Holdings Inc. has a twelve month low of $4.70 and a twelve month high of $9.61. The company has a current ratio of 2.38, a quick ratio of 2.32 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average of $7.66 and a two-hundred day moving average of $7.38. The company has a market capitalization of $255.70 million, a price-to-earnings ratio of -13.27 and a beta of 1.10.
SEACOR Marine (NYSE:SMHI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.24) by $1.36. SEACOR Marine had a negative net margin of 8.62% and a negative return on equity of 8.72%. The company had revenue of $54.63 million for the quarter, compared to analysts' expectations of $45.60 million. As a group, analysts expect that SEACOR Marine Holdings Inc. will post -3.25 earnings per share for the current fiscal year.
Hedge Funds Weigh In On SEACOR Marine
A number of institutional investors have recently bought and sold shares of SMHI. BNP Paribas Financial Markets raised its holdings in SEACOR Marine by 75.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company's stock worth $26,000 after buying an additional 1,699 shares during the period. Royal Bank of Canada boosted its holdings in shares of SEACOR Marine by 781.0% in the first quarter. Royal Bank of Canada now owns 5,718 shares of the company's stock worth $41,000 after buying an additional 5,069 shares during the period. Tower Research Capital LLC TRC increased its position in shares of SEACOR Marine by 289.7% in the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company's stock worth $51,000 after acquiring an additional 7,406 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of SEACOR Marine in the fourth quarter worth approximately $60,000. Finally, Raymond James Financial Inc. raised its holdings in shares of SEACOR Marine by 197.4% during the third quarter. Raymond James Financial Inc. now owns 15,065 shares of the company's stock valued at $98,000 after acquiring an additional 10,000 shares during the period. Hedge funds and other institutional investors own 59.05% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of SEACOR Marine in a report on Friday, July 17th. 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, the stock has a consensus rating of "Hold" and an average target price of $10.00.
Check Out Our Latest Stock Report on SEACOR Marine
About SEACOR Marine
(
Get Free Report)
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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