SEACOR Holdings, Inc. (NYSE:CKH) Downgraded to “Hold” at Stifel Nicolaus

SEACOR Holdings, Inc. (NYSE:CKH) was downgraded by equities research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Monday, November 6th, MarketBeat reports. They currently have a $53.00 price objective on the oil and gas company’s stock, up from their previous price objective of $40.00. Stifel Nicolaus’ target price points to a potential upside of 10.67% from the stock’s current price.

CKH has been the subject of several other reports. Zacks Investment Research downgraded shares of SEACOR from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Credit Suisse Group upped their target price on shares of SEACOR from $36.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $50.33.

SEACOR (NYSE CKH) traded down $0.22 during midday trading on Monday, hitting $47.89. 108,059 shares of the company traded hands, compared to its average volume of 138,348. The company has a quick ratio of 2.07, a current ratio of 2.09 and a debt-to-equity ratio of 0.89. SEACOR has a fifty-two week low of $28.87 and a fifty-two week high of $51.59.

In related news, CEO Charles Fabrikant sold 15,229 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $50.87, for a total transaction of $774,699.23. Following the completion of the transaction, the chief executive officer now directly owns 488,834 shares in the company, valued at approximately $24,866,985.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Oivind Lorentzen sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $49.39, for a total transaction of $987,800.00. Following the transaction, the insider now owns 41,175 shares of the company’s stock, valued at $2,033,633.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,459 shares of company stock valued at $5,846,567. Corporate insiders own 10.47% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Walthausen & Co. LLC raised its stake in shares of SEACOR by 377.9% in the 3rd quarter. Walthausen & Co. LLC now owns 464,702 shares of the oil and gas company’s stock valued at $21,427,000 after buying an additional 367,465 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of SEACOR by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,486,364 shares of the oil and gas company’s stock valued at $68,536,000 after buying an additional 13,634 shares in the last quarter. TD Asset Management Inc. raised its stake in shares of SEACOR by 9.3% in the 3rd quarter. TD Asset Management Inc. now owns 18,739 shares of the oil and gas company’s stock valued at $864,000 after buying an additional 1,600 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of SEACOR in the 3rd quarter valued at $255,000. Finally, SG Americas Securities LLC acquired a new position in shares of SEACOR in the 3rd quarter valued at $111,000. Institutional investors own 89.15% of the company’s stock.

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About SEACOR

SEACOR Holdings Inc, is engaged in the business of transportation and logistics, alcohol manufacturing, merchandising, and risk management consultancy. The Company’s segments include, Inland River Services, Shipping Services and Illinois Corn Processing. Inland River Services segment operates river transportation equipment used for moving agricultural and industrial commodities and petroleum and chemical products.

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