Geode Capital Management LLC Has $5.43 Million Stock Holdings in SEACOR Marine Holdings Inc. (NYSE:SMHI)

Geode Capital Management LLC lifted its stake in SEACOR Marine Holdings Inc. (NYSE:SMHI) by 0.5% during the third quarter, Holdings Channel.com reports. The fund owned 562,451 shares of the company’s stock after buying an additional 2,781 shares during the period. Geode Capital Management LLC’s holdings in SEACOR Marine were worth $5,428,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SMHI. Empowered Funds LLC increased its position in shares of SEACOR Marine by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 86,909 shares of the company’s stock worth $839,000 after purchasing an additional 4,422 shares during the last quarter. Glenorchy Capital Ltd bought a new position in shares of SEACOR Marine in the third quarter valued at $1,470,000. Cerity Partners LLC increased its holdings in SEACOR Marine by 98.9% during the third quarter. Cerity Partners LLC now owns 345,732 shares of the company’s stock worth $3,336,000 after buying an additional 171,871 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in SEACOR Marine by 13.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,255,337 shares of the company’s stock worth $16,934,000 after buying an additional 145,075 shares during the last quarter. Finally, American Century Companies Inc. raised its position in SEACOR Marine by 16.7% during the second quarter. American Century Companies Inc. now owns 34,364 shares of the company’s stock worth $464,000 after acquiring an additional 4,912 shares in the last quarter. Institutional investors own 59.05% of the company’s stock.

SEACOR Marine Stock Performance

Shares of SMHI opened at $6.96 on Friday. The company has a market cap of $192.41 million, a PE ratio of -4.14 and a beta of 1.31. The firm has a 50-day moving average of $6.68 and a 200-day moving average of $9.75. SEACOR Marine Holdings Inc. has a one year low of $5.80 and a one year high of $15.36. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.63 and a quick ratio of 1.59.

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

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.