ValuEngine upgraded shares of SEACOR Marine (NYSE:SMHI) from a sell rating to a hold rating in a research note published on Saturday, ValuEngine reports.

NYSE:SMHI opened at $14.12 on Friday. The company has a quick ratio of 2.10, a current ratio of 1.37 and a debt-to-equity ratio of 0.76. SEACOR Marine has a fifty-two week low of $11.42 and a fifty-two week high of $26.20.

SEACOR Marine (NYSE:SMHI) last posted its quarterly earnings data on Friday, May 10th. The company reported ($1.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.60) by ($0.51). The company had revenue of $56.25 million for the quarter. SEACOR Marine had a negative return on equity of 13.17% and a negative net margin of 28.79%.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of SEACOR Marine by 1.6% in the third quarter. BlackRock Inc. now owns 1,242,145 shares of the company’s stock valued at $28,109,000 after buying an additional 19,078 shares during the last quarter. Vanguard Group Inc. raised its position in shares of SEACOR Marine by 3.2% in the third quarter. Vanguard Group Inc. now owns 869,688 shares of the company’s stock valued at $19,681,000 after buying an additional 26,577 shares during the last quarter. First Manhattan Co. acquired a new stake in shares of SEACOR Marine in the first quarter valued at about $1,426,000. Dimensional Fund Advisors LP raised its position in shares of SEACOR Marine by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,508,212 shares of the company’s stock valued at $17,737,000 after buying an additional 7,035 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of SEACOR Marine by 42.5% in the fourth quarter. Rhumbline Advisers now owns 24,394 shares of the company’s stock valued at $287,000 after buying an additional 7,271 shares during the last quarter. Institutional investors and hedge funds own 84.97% of the company’s stock.

About SEACOR Marine

Seacor Marine Holdings, Inc engages in the provision of offshore marine business. It offers global marine and support transportation services to offshore oil & gas exploration, development, and production facilities. The company involves in the operation of support and specialty vessels for and among independent oil, gas exploration, production, and emerging independent companies.

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