Zacks Investment Research lowered shares of Seacor Holdings, Inc. (NYSE:CKH) from a buy rating to a hold rating in a report issued on Friday.
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. “
Separately, Stifel Nicolaus upped their target price on Seacor Holdings from $70.00 to $75.00 and gave the company a buy rating in a report on Thursday, March 30th.
Shares of Seacor Holdings (NYSE:CKH) opened at 63.39 on Friday. Seacor Holdings has a 1-year low of $45.49 and a 1-year high of $76.32. The company has a 50-day moving average of $65.62 and a 200-day moving average of $66.58. The firm’s market cap is $1.11 billion.
Seacor Holdings (NYSE:CKH) last announced its quarterly earnings data on Tuesday, May 9th. The oil and gas company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.64) by $0.88. Seacor Holdings had a negative return on equity of 9.04% and a negative net margin of 20.61%. The firm had revenue of $190.45 million for the quarter, compared to analyst estimates of $206.36 million. Analysts predict that Seacor Holdings will post ($0.90) earnings per share for the current fiscal year.
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In other Seacor Holdings news, Vice Chairman Oivind Lorentzen sold 3,866 shares of the company’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $64.57, for a total value of $249,627.62. Following the sale, the insider now owns 118,124 shares of the company’s stock, valued at $7,627,266.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 4,185 shares of company stock worth $270,248 in the last three months. 13.37% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue raised 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 valued at $123,000 after buying an additional 50 shares during the period. Thomas J. Herzfeld Advisors Inc. purchased a new stake in Seacor Holdings during the fourth quarter valued at $143,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Seacor Holdings during the first quarter valued at $155,000. SG Americas Securities LLC raised its stake in Seacor Holdings by 6.1% in the first quarter. SG Americas Securities LLC now owns 2,432 shares of the oil and gas company’s stock valued at $168,000 after buying an additional 140 shares during the period. Finally, Vertex One Asset Management Inc. purchased a new stake in Seacor Holdings during the fourth quarter valued at $207,000.
Seacor Holdings Company Profile
SEACOR Holdings Inc is engaged in owning, operating, investing in and marketing equipment, primarily in the offshore oil and gas, shipping and logistics industries. The Company’s segments include Offshore Marine Services, Inland River Services, Shipping Services and Illinois Corn Processing. The Offshore Marine Services segment operates a fleet of support vessels primarily servicing offshore oil and gas exploration, development and production facilities around the world.
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