Andrew Everett II Sells 5,113 Shares of SEACOR Marine (NYSE:SMHI) Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) VP Andrew Everett II sold 5,113 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $9.52, for a total transaction of $48,675.76. Following the sale, the vice president directly owned 199,613 shares in the company, valued at approximately $1,900,315.76. The trade was a 2.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

SEACOR Marine Trading Down 0.1%

Shares of SEACOR Marine stock opened at $9.48 on Thursday. The company has a current ratio of 2.38, a quick ratio of 2.35 and a debt-to-equity ratio of 1.15. The company has a fifty day simple moving average of $7.80 and a 200-day simple moving average of $7.46. The stock has a market cap of $257.30 million, a price-to-earnings ratio of -13.36 and a beta of 1.10. SEACOR Marine Holdings Inc. has a 12-month low of $5.49 and a 12-month high of $9.70.

SEACOR Marine (NYSE:SMHI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 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 firm had revenue of $54.63 million for the quarter, compared to analyst estimates of $45.60 million. On average, equities analysts forecast that SEACOR Marine Holdings Inc. will post -2.02 EPS for the current fiscal year.

Institutional Investors Weigh In On SEACOR Marine

Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in SEACOR Marine by 21.2% in the third quarter. JPMorgan Chase & Co. now owns 171,390 shares of the company’s stock valued at $1,112,000 after buying an additional 29,955 shares in the last quarter. Hilltop Holdings Inc. purchased a new position in SEACOR Marine in the 1st quarter valued at approximately $147,000. Oppenheimer & Co. Inc. raised its holdings in SEACOR Marine by 6.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 220,500 shares of the company’s stock worth $1,327,000 after purchasing an additional 13,000 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in SEACOR Marine by 12.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 110,479 shares of the company’s stock worth $665,000 after purchasing an additional 12,041 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in SEACOR Marine in the fourth quarter valued at $60,000. Institutional investors and hedge funds own 59.05% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.00.

SEACOR Marine Company Profile

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.