Cubist Systematic Strategies LLC Invests $68,000 in SEACOR Marine Holdings Inc. (NYSE:SMHI)

Cubist Systematic Strategies LLC purchased a new position in shares of SEACOR Marine Holdings Inc. (NYSE:SMHI) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 10,385 shares of the company’s stock, valued at approximately $68,000.

Several other large investors have also modified their holdings of the stock. Bridgeway Capital Management LLC lifted its position in shares of SEACOR Marine by 60.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 170,897 shares of the company’s stock worth $1,121,000 after purchasing an additional 64,698 shares during the last quarter. Bank of America Corp DE lifted its position in shares of SEACOR Marine by 10.6% during the fourth quarter. Bank of America Corp DE now owns 74,124 shares of the company’s stock worth $486,000 after purchasing an additional 7,134 shares during the last quarter. Northern Trust Corp lifted its position in shares of SEACOR Marine by 3.7% during the fourth quarter. Northern Trust Corp now owns 238,578 shares of the company’s stock worth $1,565,000 after purchasing an additional 8,552 shares during the last quarter. Quarry LP bought a new position in shares of SEACOR Marine during the fourth quarter worth about $72,000. Finally, Boothbay Fund Management LLC bought a new position in shares of SEACOR Marine during the fourth quarter worth about $89,000. Institutional investors own 59.05% of the company’s stock.

SEACOR Marine Stock Performance

Shares of SMHI stock opened at $5.04 on Tuesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.59 and a current ratio of 1.63. SEACOR Marine Holdings Inc. has a one year low of $3.63 and a one year high of $15.36. The company’s 50-day simple moving average is $4.84 and its 200-day simple moving average is $5.92. The stock has a market capitalization of $135.33 million, a price-to-earnings ratio of -3.00 and a beta of 1.33.

SEACOR Marine (NYSE:SMHI) last released its quarterly earnings data on Wednesday, April 30th. The company reported ($0.56) earnings per share for the quarter, topping the consensus estimate of ($0.57) by $0.01. The firm had revenue of $55.50 million for the quarter, compared to analyst estimates of $65.29 million. SEACOR Marine had a negative net margin of 16.81% and a negative return on equity of 13.32%. Equities analysts anticipate that SEACOR Marine Holdings Inc. will post -2.54 earnings per share for the current fiscal year.

SEACOR Marine Company Profile

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.