Exchange Traded Concepts LLC raised its position in shares of SEACOR Marine Holdings Inc. (NYSE:SMHI – Free Report) by 753.5% in the first quarter, Holdings Channel reports. The firm owned 17,233 shares of the company’s stock after acquiring an additional 15,214 shares during the quarter. Exchange Traded Concepts LLC’s holdings in SEACOR Marine were worth $87,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. First Eagle Investment Management LLC grew its stake in shares of SEACOR Marine by 58.1% in the fourth quarter. First Eagle Investment Management LLC now owns 916,609 shares of the company’s stock worth $6,013,000 after acquiring an additional 336,736 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of SEACOR Marine in the fourth quarter worth approximately $899,000. First Manhattan CO. LLC. grew its stake in shares of SEACOR Marine by 40.5% in the fourth quarter. First Manhattan CO. LLC. now owns 351,365 shares of the company’s stock worth $2,305,000 after acquiring an additional 101,285 shares during the period. Trexquant Investment LP grew its stake in shares of SEACOR Marine by 464.3% in the fourth quarter. Trexquant Investment LP now owns 79,146 shares of the company’s stock worth $519,000 after acquiring an additional 65,121 shares during the period. Finally, Bridgeway Capital Management LLC grew its stake in shares of SEACOR Marine by 60.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 170,897 shares of the company’s stock worth $1,121,000 after acquiring an additional 64,698 shares during the period. 59.05% of the stock is currently owned by institutional investors.
SEACOR Marine Stock Performance
Shares of SMHI stock opened at $5.18 on Wednesday. The company has a 50 day moving average price of $5.17 and a 200-day moving average price of $5.71. SEACOR Marine Holdings Inc. has a 52 week low of $3.63 and a 52 week high of $15.36. The firm has a market capitalization of $138.95 million, a PE ratio of -2.04 and a beta of 1.48. The company has a quick ratio of 1.83, a current ratio of 1.87 and a debt-to-equity ratio of 1.09.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of SEACOR Marine from a “sell” rating to a “hold” rating in a research note on Saturday, June 14th.
Read Our Latest Analysis on SMHI
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.
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