Robotti Robert Has $4.28 Million Stake in SEACOR Marine Holdings Inc. (NYSE:SMHI)

Robotti Robert grew its stake in SEACOR Marine Holdings Inc. (NYSE:SMHI) by 56.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 845,687 shares of the company’s stock after buying an additional 303,537 shares during the period. SEACOR Marine accounts for about 0.9% of Robotti Robert’s holdings, making the stock its 26th largest position. Robotti Robert’s holdings in SEACOR Marine were worth $4,279,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SMHI. Cerity Partners LLC boosted its position in shares of SEACOR Marine by 113.3% during the 1st quarter. Cerity Partners LLC now owns 449,073 shares of the company’s stock valued at $2,272,000 after acquiring an additional 238,509 shares in the last quarter. First Manhattan CO. LLC. boosted its position in shares of SEACOR Marine by 40.5% during the 4th quarter. First Manhattan CO. LLC. now owns 351,365 shares of the company’s stock valued at $2,305,000 after acquiring an additional 101,285 shares in the last quarter. Nuveen LLC acquired a new stake in shares of SEACOR Marine during the 1st quarter valued at about $444,000. Bridgeway Capital Management LLC boosted its position in SEACOR Marine by 60.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 170,897 shares of the company’s stock valued at $1,121,000 after buying an additional 64,698 shares in the last quarter. Finally, Perennial Advisors LLC acquired a new position in SEACOR Marine in the fourth quarter valued at about $302,000. 59.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of SEACOR Marine from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th.

SEACOR Marine Price Performance

NYSE:SMHI opened at $6.36 on Thursday. The firm has a market cap of $171.46 million, a PE ratio of -2.70 and a beta of 1.45. SEACOR Marine Holdings Inc. has a 12 month low of $3.63 and a 12 month high of $11.67. The company has a quick ratio of 1.60, a current ratio of 1.63 and a debt-to-equity ratio of 1.16. The company’s 50-day moving average price is $5.59 and its two-hundred day moving average price is $5.45.

SEACOR Marine (NYSE:SMHI) last announced its earnings results on Wednesday, July 30th. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.01. SEACOR Marine had a negative net margin of 25.40% and a negative return on equity of 13.47%. The company had revenue of $60.81 million during the quarter, compared to the consensus estimate of $69.35 million. On average, equities analysts anticipate that SEACOR Marine Holdings Inc. will post -2.54 EPS for the current fiscal year.

About SEACOR Marine

SEACOR Marine Holdings Inc provides marine and support transportation services to offshore oil, natural gas, and windfarm facilities worldwide. Its offshore support and specialty vessels deliver cargo and personnel to offshore installations, including offshore wind farms; handle anchors and mooring equipment for offshore rigs and platforms; assist offshore operations for production and storage facilities; provide construction, well work-over, and offshore wind farm installation and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, inspection, and repair, as well as offer accommodations for technicians and specialists, safety support, and emergency response services.