State Street Corp Purchases 17,460 Shares of SEACOR Marine Holdings Inc. (NYSE:SMHI)

State Street Corp increased its position in shares of SEACOR Marine Holdings Inc. (NYSE:SMHI) by 3.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 520,029 shares of the company’s stock after acquiring an additional 17,460 shares during the period. State Street Corp owned about 1.88% of SEACOR Marine worth $5,018,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SMHI. Carlyle Group Inc. grew its holdings in shares of SEACOR Marine by 1.3% during the third quarter. Carlyle Group Inc. now owns 1,331,662 shares of the company’s stock worth $12,851,000 after purchasing an additional 17,498 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in SEACOR Marine by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,255,337 shares of the company’s stock worth $16,934,000 after acquiring an additional 145,075 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in SEACOR Marine by 1,809.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 477,440 shares of the company’s stock worth $6,441,000 after acquiring an additional 452,440 shares during the last quarter. Cerity Partners LLC increased its position in SEACOR Marine by 98.9% in the 3rd quarter. Cerity Partners LLC now owns 345,732 shares of the company’s stock valued at $3,336,000 after acquiring an additional 171,871 shares during the period. Finally, Herr Investment Group LLC bought a new position in shares of SEACOR Marine during the second quarter valued at $3,337,000. Institutional investors and hedge funds own 59.05% of the company’s stock.

SEACOR Marine Stock Performance

Shares of SEACOR Marine stock opened at $6.22 on Monday. The stock has a market cap of $171.95 million, a price-to-earnings ratio of -3.70 and a beta of 1.31. SEACOR Marine Holdings Inc. has a twelve month low of $5.80 and a twelve month high of $15.36. The company’s fifty day moving average is $6.89 and its 200 day moving average is $9.92. The company has a quick ratio of 1.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.84.

SEACOR Marine (NYSE:SMHI) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.59) EPS for the quarter. SEACOR Marine had a negative net margin of 16.81% and a negative return on equity of 13.32%. The company had revenue of $68.92 million during the quarter, compared to the consensus estimate of $77.63 million. Sell-side analysts forecast that SEACOR Marine Holdings Inc. will post -2.54 EPS for the current 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.