United Services Automobile Association raised its stake in SEACOR Marine Holdings Inc (NYSE:SMHI) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 238,659 shares of the company’s stock after purchasing an additional 2,460 shares during the period. United Services Automobile Association owned approximately 1.17% of SEACOR Marine worth $2,807,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of SEACOR Marine by 1.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,501,177 shares of the company’s stock valued at $33,971,000 after buying an additional 28,481 shares in the last quarter. Vanguard Group Inc increased its position in shares of SEACOR Marine by 3.2% during the 3rd quarter. Vanguard Group Inc now owns 869,688 shares of the company’s stock worth $19,681,000 after purchasing an additional 26,577 shares in the last quarter. Vanguard Group Inc. increased its position in shares of SEACOR Marine by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 869,688 shares of the company’s stock worth $19,681,000 after purchasing an additional 26,577 shares in the last quarter. BlackRock Inc. increased its position in shares of SEACOR Marine by 1.6% during the 3rd quarter. BlackRock Inc. now owns 1,242,145 shares of the company’s stock worth $28,109,000 after purchasing an additional 19,078 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of SEACOR Marine during the 3rd quarter worth about $208,000. 84.51% of the stock is owned by hedge funds and other institutional investors.
Separately, ValuEngine cut shares of SEACOR Marine from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th.
SEACOR Marine (NYSE:SMHI) last announced its earnings results on Wednesday, March 6th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.51. The business had revenue of $70.93 million during the quarter. SEACOR Marine had a negative net margin of 30.60% and a negative return on equity of 11.96%.
SEACOR Marine Profile
SEACOR Marine Holdings Inc provides marine and support transportation services to offshore oil and natural gas exploration, development, and production facilities worldwide. It operates a fleet of offshore support and specialty vessels that deliver cargo and personnel to offshore installations; handle anchors and mooring equipment required to tether rigs to the seabed; tow rigs and assist in placing them on location and moving them between regions; construction, well work-over, and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, inspection, and repair, as well as accommodations for technicians and specialists, safety support, and emergency response services.
Further Reading: Depreciation
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