SEACOR Holdings, Inc. (NYSE:CKH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued 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. ValuEngine lowered shares of SEACOR Holdings from a “hold” rating to a “sell” rating in a research report on Friday, May 26th. Stifel Nicolaus restated a “buy” rating and issued a $37.00 price objective (down previously from $40.00) on shares of SEACOR Holdings in a report on Wednesday, June 28th.

Shares of SEACOR Holdings (CKH) traded down 2.72% during midday trading on Tuesday, hitting $36.78. 129,167 shares of the stock were exchanged. SEACOR Holdings has a one year low of $31.90 and a one year high of $76.32. The stock’s 50-day moving average price is $34.46 and its 200 day moving average price is $57.71. The stock’s market cap is $645.45 million.

SEACOR Holdings (NYSE:CKH) last posted its quarterly earnings results on Tuesday, May 9th. The oil and gas company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.88. The business had revenue of $190.45 million during the quarter, compared to analyst estimates of $206.36 million. SEACOR Holdings had a negative net margin of 22.34% and a negative return on equity of 10.82%. On average, analysts anticipate that SEACOR Holdings will post $0.42 earnings per share for the current year.

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In related news, Vice Chairman Oivind Lorentzen sold 53,208 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $36.37, for a total value of $1,935,174.96. Following the transaction, the insider now owns 72,934 shares in the company, valued at $2,652,609.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 57,393 shares of company stock worth $2,205,423 in the last 90 days. 10.47% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LP increased its position in SEACOR Holdings by 1.4% in the second quarter. Royce & Associates LP now owns 1,461,940 shares of the oil and gas company’s stock worth $50,145,000 after buying an additional 20,000 shares in the last quarter. Eos Focused Equity Management L.P. increased its position in shares of SEACOR Holdings by 134.5% in the second quarter. Eos Focused Equity Management L.P. now owns 44,151 shares of the oil and gas company’s stock valued at $1,514,000 after buying an additional 25,325 shares during the period. KBC Group NV bought a new position in shares of SEACOR Holdings during the second quarter valued at approximately $291,000. BNP Paribas Arbitrage SA increased its position in shares of SEACOR Holdings by 45.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,114 shares of the oil and gas company’s stock valued at $175,000 after buying an additional 1,594 shares during the period. Finally, Legal & General Group Plc increased its position in shares of SEACOR Holdings by 10.6% in the second quarter. Legal & General Group Plc now owns 32,234 shares of the oil and gas company’s stock valued at $1,105,000 after buying an additional 3,093 shares during the period. Hedge funds and other institutional investors own 93.02% 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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