PNC Financial Services Group Inc. Acquires 15,083 Shares of Seacor Holdings, Inc. (CKH)

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PNC Financial Services Group Inc. boosted its position in shares of Seacor Holdings, Inc. (NYSE:CKH) by 8,769.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,255 shares of the oil and gas company’s stock after buying an additional 15,083 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.08% of Seacor worth $874,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CKH. Dimensional Fund Advisors LP lifted its stake in Seacor by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,522,301 shares of the oil and gas company’s stock valued at $87,182,000 after purchasing an additional 30,880 shares during the last quarter. Legal & General Group Plc raised its holdings in Seacor by 6.5% in the 2nd quarter. Legal & General Group Plc now owns 36,029 shares of the oil and gas company’s stock valued at $2,063,000 after acquiring an additional 2,196 shares during the period. GSA Capital Partners LLP bought a new position in Seacor in the 2nd quarter valued at about $2,021,000. Schwab Charles Investment Management Inc. raised its holdings in Seacor by 5.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 179,189 shares of the oil and gas company’s stock valued at $10,263,000 after acquiring an additional 9,552 shares during the period. Finally, Convergence Investment Partners LLC bought a new position in Seacor in the 2nd quarter valued at about $365,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on the stock. Zacks Investment Research cut shares of Seacor from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 2nd. TheStreet raised shares of Seacor from a “c+” rating to a “b” rating in a research note on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $52.67.

Seacor stock traded down $0.21 during mid-day trading on Friday, reaching $47.10. The company had a trading volume of 70,746 shares, compared to its average volume of 132,010. Seacor Holdings, Inc. has a fifty-two week low of $40.59 and a fifty-two week high of $59.00. The company has a debt-to-equity ratio of 0.65, a current ratio of 4.00 and a quick ratio of 3.97. The firm has a market capitalization of $900.43 million, a P/E ratio of 36.51 and a beta of 0.72.

Seacor (NYSE:CKH) last issued its earnings results on Wednesday, July 25th. The oil and gas company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $216.83 million during the quarter, compared to analyst estimates of $185.95 million. Seacor had a net margin of 18.26% and a return on equity of 2.88%. On average, analysts expect that Seacor Holdings, Inc. will post 1.69 earnings per share for the current year.

Seacor Profile

SEACOR Holdings Inc, a diversified holding company, engages in transportation, and logistics and risk management consultancy businesses in the United States and internationally. The company's Ocean Transportation & Logistics Services segment owns and operates a diversified fleet of marine transportation, and towing and bunkering assets.

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Institutional Ownership by Quarter for Seacor (NYSE:CKH)

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