SEACOR Holdings, Inc. (CKH) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of SEACOR Holdings, Inc. (NYSE:CKH) from a hold rating to a buy rating in a report released on Monday. They currently have $46.00 price objective on the oil and gas company’s stock.

According to Zacks, “SEACOR and its subsidiaries are engaged in the operation of a diversified fleet of offshore support vessels that service oil and gas exploration and development activities in the U.S. Gulf of Mexico, the North Sea, West Africa, Asia, Latin America and other international regions. Other business activities primarily include environmental services, inland river operations, and offshore aviation services. “

Other analysts have also issued research reports about the company. Stifel Nicolaus set a $40.00 target price on SEACOR Holdings and gave the stock a buy rating in a report on Monday, August 7th. ValuEngine lowered SEACOR Holdings from a hold rating to a sell rating in a report on Friday, May 26th.

SEACOR Holdings (NYSE:CKH) opened at 43.69 on Monday. The stock’s market cap is $774.62 million. SEACOR Holdings has a 52 week low of $31.90 and a 52 week high of $76.32. The firm’s 50-day moving average price is $37.83 and its 200-day moving average price is $49.33.

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Institutional investors and hedge funds have recently modified their holdings of the company. First Trust Advisors LP purchased a new stake in shares of SEACOR Holdings during the 1st quarter valued at $323,000. Quantitative Investment Management LLC purchased a new stake in shares of SEACOR Holdings during the 1st quarter valued at $2,131,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of SEACOR Holdings by 10.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 167,330 shares of the oil and gas company’s stock valued at $11,578,000 after purchasing an additional 15,303 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of SEACOR Holdings by 2.2% during the 1st quarter. HighTower Advisors LLC now owns 28,410 shares of the oil and gas company’s stock valued at $1,964,000 after purchasing an additional 609 shares during the last quarter. Finally, TD Asset Management Inc. lifted its holdings in shares of SEACOR Holdings by 3.2% during the 2nd quarter. TD Asset Management Inc. now owns 17,139 shares of the oil and gas company’s stock valued at $588,000 after purchasing an additional 539 shares during the last quarter. Hedge funds and other institutional investors own 89.88% of the company’s stock.

SEACOR Holdings Company Profile

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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