Andrew Everett II Sells 9,435 Shares of SEACOR Marine (NYSE:SMHI) Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) VP Andrew Everett II sold 9,435 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $8.02, for a total transaction of $75,668.70. Following the completion of the sale, the vice president owned 284,160 shares of the company’s stock, valued at $2,278,963.20. This trade represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

SEACOR Marine Trading Up 4.2%

SEACOR Marine stock opened at $7.54 on Friday. The stock has a 50-day simple moving average of $7.35 and a 200 day simple moving average of $7.12. The stock has a market capitalization of $203.92 million, a P/E ratio of -6.91 and a beta of 1.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.32 and a current ratio of 2.36. SEACOR Marine Holdings Inc. has a 52 week low of $4.70 and a 52 week high of $8.17.

SEACOR Marine (NYSE:SMHI) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.61) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.92) by $0.31. SEACOR Marine had a negative return on equity of 12.38% and a negative net margin of 13.00%.The firm had revenue of $44.28 million for the quarter, compared to analyst estimates of $49.30 million. Analysts expect that SEACOR Marine Holdings Inc. will post -3.25 earnings per share for the current year.

Institutional Investors Weigh In On SEACOR Marine

A number of institutional investors have recently made changes to their positions in SMHI. Oppenheimer & Close LLC grew its position in shares of SEACOR Marine by 0.5% in the fourth quarter. Oppenheimer & Close LLC now owns 553,833 shares of the company’s stock valued at $3,334,000 after purchasing an additional 2,911 shares during the last quarter. Geode Capital Management LLC lifted its holdings in SEACOR Marine by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 485,730 shares of the company’s stock worth $2,925,000 after purchasing an additional 5,117 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in SEACOR Marine by 6.3% during the 4th 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. Glenorchy Capital Ltd boosted its stake in SEACOR Marine by 4.3% in the 4th quarter. Glenorchy Capital Ltd now owns 192,803 shares of the company’s stock valued at $1,161,000 after purchasing an additional 7,952 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in SEACOR Marine by 21.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 171,390 shares of the company’s stock valued at $1,112,000 after purchasing an additional 29,955 shares during the period. Institutional investors own 59.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SMHI shares. Weiss Ratings restated a “sell (d-)” rating on shares of SEACOR Marine in a research note on Monday, April 20th. Clarkson Capital upgraded shares of SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Monday, March 16th. Finally, Wall Street Zen raised shares of SEACOR Marine from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. One investment 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. According to data from MarketBeat.com, SEACOR Marine currently has a consensus rating of “Hold” and a consensus target price of $10.00.

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.