Goldman Sachs Group Inc. Cuts Position in SEACOR Marine Holdings Inc. $SMHI

Goldman Sachs Group Inc. trimmed its position in shares of SEACOR Marine Holdings Inc. (NYSE:SMHI) by 47.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,187 shares of the company’s stock after selling 141,054 shares during the period. Goldman Sachs Group Inc.’s holdings in SEACOR Marine were worth $790,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SMHI. Nuveen LLC acquired a new position in SEACOR Marine during the 1st quarter worth about $444,000. Cerity Partners LLC grew its position in SEACOR Marine by 113.3% in 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. American Century Companies Inc. increased its stake in SEACOR Marine by 7.7% during the first quarter. American Century Companies Inc. now owns 50,806 shares of the company’s stock worth $257,000 after purchasing an additional 3,625 shares during the period. Robotti Robert increased its stake in SEACOR Marine by 56.0% during the first quarter. Robotti Robert now owns 845,687 shares of the company’s stock worth $4,279,000 after purchasing an additional 303,537 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its position in shares of SEACOR Marine by 13.2% during the first quarter. Oppenheimer & Co. Inc. now owns 155,200 shares of the company’s stock worth $785,000 after purchasing an additional 18,100 shares in the last quarter. 59.05% of the stock is owned by institutional investors and hedge funds.

SEACOR Marine Stock Up 1.5%

Shares of NYSE SMHI opened at $6.92 on Wednesday. The business has a 50-day moving average price of $6.11 and a 200 day moving average price of $5.47. The stock has a market cap of $186.57 million, a PE ratio of -2.94 and a beta of 1.48. The company has a quick ratio of 1.60, a current ratio of 1.63 and a debt-to-equity ratio of 1.16. SEACOR Marine Holdings Inc. has a 52-week low of $3.63 and a 52-week high of $10.30.

SEACOR Marine (NYSE:SMHI) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.01. The company had revenue of $60.81 million during the quarter, compared to analysts’ expectations of $69.35 million. SEACOR Marine had a negative return on equity of 13.47% and a negative net margin of 25.40%. Equities research analysts forecast that SEACOR Marine Holdings Inc. will post -2.54 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Clarkson Capital cut shares of SEACOR Marine from a “buy” rating to a “neutral” rating and set a $7.00 price objective for the company. in a report on Tuesday, September 9th. Wall Street Zen raised shares of SEACOR Marine from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.00.

SEACOR Marine 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.