SEACOR Marine (NYSE:SMHI) Shares Up 2.5% – Here’s Why

SEACOR Marine Holdings Inc. (NYSE:SMHI) shares shot up 2.5% on Wednesday . The company traded as high as $7.48 and last traded at $7.4450. 87,140 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 129,682 shares. The stock had previously closed at $7.26.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wall Street Zen lowered SEACOR Marine from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Zacks Research downgraded SEACOR Marine from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $7.00.

SEACOR Marine Stock Performance

The stock has a 50 day simple moving average of $6.58 and a 200 day simple moving average of $6.49. The company has a quick ratio of 2.36, a current ratio of 2.39 and a debt-to-equity ratio of 1.12. The company has a market cap of $200.84 million, a price-to-earnings ratio of -5.28 and a beta of 1.26.

Institutional Trading of SEACOR Marine

Large investors have recently bought and sold shares of the company. First Eagle Investment Management LLC increased its stake in SEACOR Marine by 4.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,137,894 shares of the company’s stock worth $5,803,000 after buying an additional 52,000 shares during the period. Epacria Capital Partners LLC grew its stake in shares of SEACOR Marine by 19.5% during the second quarter. Epacria Capital Partners LLC now owns 155,230 shares of the company’s stock valued at $792,000 after acquiring an additional 25,335 shares in the last quarter. Oppenheimer & Close LLC increased its position in shares of SEACOR Marine by 0.5% during the fourth quarter. Oppenheimer & Close LLC now owns 553,833 shares of the company’s stock worth $3,334,000 after acquiring an additional 2,911 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of SEACOR Marine in the fourth quarter worth about $60,000. Finally, Oppenheimer & Co. Inc. boosted its holdings in SEACOR Marine by 6.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 220,500 shares of the company’s stock valued at $1,327,000 after purchasing an additional 13,000 shares during the last quarter. Institutional investors and hedge funds own 59.05% of the company’s stock.

About SEACOR Marine

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.