Evercore ISI Reaffirms “Hold” Rating for SEACOR Marine (NYSE:SMHI)
Evercore ISI reaffirmed their hold rating on shares of SEACOR Marine (NYSE:SMHI) in a research note issued to investors on Monday morning, AnalystRatings.com reports. They currently have a $10.00 target price on the stock.
Separately, ValuEngine lowered SEACOR Marine from a buy rating to a hold rating in a research report on Friday, November 1st.
NYSE:SMHI opened at $11.80 on Monday. SEACOR Marine has a 12 month low of $10.52 and a 12 month high of $18.21. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.13 and a quick ratio of 1.12. The business’s fifty day moving average price is $12.93 and its 200 day moving average price is $13.27.
In related news, Director Bejos Alfredo Miguel sold 26,738 shares of SEACOR Marine stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $13.33, for a total transaction of $356,417.54. Also, CEO John M. Gellert purchased 15,885 shares of SEACOR Marine stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average cost of $12.26 per share, with a total value of $194,750.10. Insiders sold 139,315 shares of company stock valued at $1,822,448 over the last ninety days. 12.92% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the business. Metropolitan Life Insurance Co NY acquired a new stake in shares of SEACOR Marine during the third quarter worth about $93,000. Squarepoint Ops LLC purchased a new position in SEACOR Marine during the 3rd quarter worth approximately $154,000. California State Teachers Retirement System grew its stake in SEACOR Marine by 3.5% during the 3rd quarter. California State Teachers Retirement System now owns 30,693 shares of the company’s stock worth $386,000 after buying an additional 1,028 shares during the last quarter. State Street Corp increased its position in SEACOR Marine by 11.2% during the third quarter. State Street Corp now owns 347,476 shares of the company’s stock worth $4,368,000 after buying an additional 35,032 shares during the period. Finally, Rhumbline Advisers increased its position in SEACOR Marine by 10.2% during the third quarter. Rhumbline Advisers now owns 29,613 shares of the company’s stock worth $372,000 after buying an additional 2,731 shares during the period. 79.64% of the stock is currently owned by institutional investors.
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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