Acadian Asset Management LLC acquired a new stake in shares of SEACOR Marine Holdings Inc (NYSE:SMHI) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 4,971 shares of the company’s stock, valued at approximately $115,000.

A number of other hedge funds have also modified their holdings of the stock. Barclays PLC increased its holdings in SEACOR Marine by 36.0% during the first quarter. Barclays PLC now owns 18,693 shares of the company’s stock valued at $355,000 after buying an additional 4,947 shares during the period. MetLife Investment Advisors LLC purchased a new position in SEACOR Marine during the first quarter valued at approximately $171,000. Cove Street Capital LLC increased its holdings in SEACOR Marine by 62.3% during the first quarter. Cove Street Capital LLC now owns 158,600 shares of the company’s stock valued at $3,017,000 after buying an additional 60,905 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in SEACOR Marine during the first quarter valued at approximately $207,000. Finally, Citigroup Inc. increased its holdings in SEACOR Marine by 79.8% during the first quarter. Citigroup Inc. now owns 6,294 shares of the company’s stock valued at $119,000 after buying an additional 2,794 shares during the period. 75.88% of the stock is currently owned by institutional investors.

Shares of SMHI stock opened at $20.76 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.60 and a debt-to-equity ratio of 0.64. SEACOR Marine Holdings Inc has a 52-week low of $11.66 and a 52-week high of $26.20.

SEACOR Marine (NYSE:SMHI) last issued its quarterly earnings data on Thursday, August 9th. The company reported ($1.25) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.99) by ($0.26). The business had revenue of $60.70 million for the quarter. SEACOR Marine had a negative net margin of 21.65% and a negative return on equity of 17.17%.

SEACOR Marine Profile

SEACOR Marine Holdings Inc provides marine and support transportation services to offshore oil and natural gas exploration, development, and production facilities worldwide. It operates a fleet of offshore support and specialty vessels that deliver cargo and personnel to offshore installations; handle anchors and mooring equipment required to tether rigs to the seabed; tow rigs and assist in placing them on location and moving them between regions; construction, well work-over, and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, inspection, and repair, as well as accommodations for technicians and specialists, safety support, and emergency response services.

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Institutional Ownership by Quarter for SEACOR Marine (NYSE:SMHI)

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