Analysts Set $70.00 Price Target for Seacor Holdings Inc. (CKH)
Seacor Holdings Inc. (NYSE:CKH) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12-month consensus target price of $70.00 for the company and are predicting that the company will post ($0.70) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Seacor Holdings an industry rank of 168 out of 265 based on the ratings given to related companies.
Separately, Stifel Nicolaus initiated coverage on shares of Seacor Holdings in a research report on Tuesday, August 23rd. They set a “buy” rating and a $70.00 target price for the company.
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In other Seacor Holdings news, SVP Bruce Weins sold 1,304 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $59.45, for a total value of $77,522.80. Following the completion of the transaction, the senior vice president now directly owns 9,601 shares in the company, valued at $570,779.45. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Matthew Cenac sold 4,425 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $56.25, for a total transaction of $248,906.25. Following the completion of the transaction, the chief financial officer now owns 30,776 shares of the company’s stock, valued at $1,731,150. The disclosure for this sale can be found here. 13.37% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Mason Street Advisors LLC bought a new position in Seacor Holdings during the second quarter valued at approximately $180,000. Public Employees Retirement System of Ohio increased its position in Seacor Holdings by 8.7% in the second quarter. Public Employees Retirement System of Ohio now owns 3,876 shares of the company’s stock valued at $225,000 after buying an additional 309 shares during the period. Schwab Charles Investment Management Inc. increased its position in Seacor Holdings by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 134,575 shares of the company’s stock valued at $7,799,000 after buying an additional 4,666 shares during the period. Legal & General Group Plc increased its position in Seacor Holdings by 16.5% in the second quarter. Legal & General Group Plc now owns 19,986 shares of the company’s stock valued at $1,153,000 after buying an additional 2,835 shares during the period. Finally, Fiera Capital Corp increased its position in Seacor Holdings by 1.0% in the second quarter. Fiera Capital Corp now owns 41,300 shares of the company’s stock valued at $2,393,000 after buying an additional 400 shares during the period.
Shares of Seacor Holdings (NYSE:CKH) traded down 0.95% during midday trading on Wednesday, reaching $59.58. 18,269 shares of the company’s stock traded hands. The firm’s market cap is $1.03 billion. Seacor Holdings has a 12 month low of $41.24 and a 12 month high of $66.02. The stock has a 50-day moving average price of $58.44 and a 200 day moving average price of $56.94.
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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