SEACOR Holdings, Inc. (NYSE:CKH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.
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. “
CKH has been the subject of a number of other reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $37.00 price objective (down from $40.00) on shares of SEACOR Holdings in a research report on Wednesday, June 28th. ValuEngine cut shares of SEACOR Holdings from a “hold” rating to a “sell” rating in a research report on Friday, May 26th.
SEACOR Holdings (NYSE:CKH) traded down 2.72% during trading on Tuesday, reaching $36.78. 129,167 shares of the company traded hands. SEACOR Holdings has a 12 month low of $31.90 and a 12 month high of $76.32. The company’s market cap is $645.45 million. The company’s 50-day moving average is $34.46 and its 200 day moving average is $57.71.
SEACOR Holdings (NYSE:CKH) last released its quarterly earnings data on Tuesday, May 9th. The oil and gas company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.64) by $0.88. SEACOR Holdings had a negative net margin of 22.34% and a negative return on equity of 10.82%. The firm had revenue of $190.45 million during the quarter, compared to analysts’ expectations of $206.36 million. On average, analysts anticipate that SEACOR Holdings will post $0.42 earnings per share for the current year.
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In other news, Vice Chairman Oivind Lorentzen sold 53,208 shares of SEACOR Holdings stock in a transaction on Friday, June 9th. The stock was sold at an average price of $36.37, for a total transaction of $1,935,174.96. Following the completion of the sale, the insider now owns 72,934 shares of the company’s stock, valued at $2,652,609.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 57,393 shares of company stock valued at $2,205,423 in the last three months. Insiders own 10.47% of the company’s stock.
Large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue increased its stake in SEACOR Holdings by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 1,790 shares of the oil and gas company’s stock worth $123,000 after buying an additional 50 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in SEACOR Holdings during the fourth quarter worth $307,000. First Trust Advisors LP purchased a new stake in SEACOR Holdings during the first quarter worth $323,000. Teachers Advisors LLC increased its stake in SEACOR Holdings by 6.4% in the fourth quarter. Teachers Advisors LLC now owns 27,801 shares of the oil and gas company’s stock worth $1,982,000 after buying an additional 1,678 shares in the last quarter. Finally, Quantitative Investment Management LLC purchased a new stake in SEACOR Holdings during the first quarter worth $2,131,000. 93.02% of the stock is owned by institutional investors.
About SEACOR Holdings
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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