Zacks: SEACOR Holdings, Inc. (NYSE:CKH) Receives Consensus Recommendation of “Strong Buy” from Brokerages
SEACOR Holdings, Inc. (NYSE:CKH) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus price target of $37.00 for the company and are forecasting that the company will post $0.42 EPS for the current quarter, according to Zacks. Zacks has also assigned SEACOR Holdings an industry rank of 218 out of 265 based on the ratings given to its competitors.
CKH has been the subject of several research reports. Stifel Nicolaus reiterated a “buy” rating and set a $37.00 price target (down from $40.00) on shares of SEACOR Holdings in a research report on Wednesday, June 28th. Zacks Investment Research upgraded SEACOR Holdings from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Tuesday, June 13th. Finally, ValuEngine cut SEACOR Holdings from a “hold” rating to a “sell” rating in a research report on Friday, May 26th.
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 completion of the sale, the insider now directly owns 118,124 shares in the company, valued at approximately $7,627,266.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 57,393 shares of company stock valued at $2,205,423. 13.37% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of CKH. State of Alaska Department of Revenue boosted its stake in shares of SEACOR Holdings by 80.2% in the second quarter. State of Alaska Department of Revenue now owns 3,226 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 1,436 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of SEACOR Holdings by 266.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,665 shares of the oil and gas company’s stock valued at $115,000 after buying an additional 1,211 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of SEACOR Holdings by 3.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,800 shares of the oil and gas company’s stock valued at $130,000 after buying an additional 120 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of SEACOR Holdings during the first quarter valued at about $155,000. Finally, SG Americas Securities LLC boosted its stake in shares of 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 last quarter. Institutional investors own 94.01% of the company’s stock.
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SEACOR Holdings (NYSE:CKH) traded up 7.36% on Friday, hitting $36.77. The stock had a trading volume of 170,476 shares. SEACOR Holdings has a 12 month low of $31.90 and a 12 month high of $76.32. The company has a 50-day moving average of $34.46 and a 200 day moving average of $57.71. The company’s market cap is $645.28 million.
SEACOR Holdings (NYSE:CKH) last issued its quarterly earnings results on Tuesday, May 9th. The oil and gas company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.64) by $0.88. SEACOR Holdings had a negative return on equity of 14.72% and a negative net margin of 22.86%. The firm had revenue of $190.45 million during the quarter, compared to analysts’ expectations of $206.36 million. On average, analysts predict that SEACOR Holdings will post $0.42 EPS for the current fiscal year.
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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