SEACOR Holdings, Inc. (NYSE:CKH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors 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. “

Other analysts have also recently issued reports about the company. Stifel Nicolaus set a $40.00 price target on SEACOR Holdings and gave the company a “buy” rating in a report on Monday, August 7th. ValuEngine cut SEACOR Holdings from a “hold” rating to a “sell” rating in a report on Friday, May 26th.

SEACOR Holdings (NYSE CKH) traded down 0.41% during mid-day trading on Friday, hitting $40.89. The stock had a trading volume of 194,194 shares. The firm’s market cap is $724.98 million. The stock has a 50-day moving average price of $37.20 and a 200 day moving average price of $50.21. SEACOR Holdings has a 12-month low of $31.90 and a 12-month high of $76.32.

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Institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in shares of SEACOR Holdings by 266.7% in the 1st 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 period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in SEACOR Holdings during the first quarter worth $155,000. SG Americas Securities LLC raised its holdings in SEACOR Holdings by 6.1% during the first quarter. SG Americas Securities LLC now owns 2,432 shares of the oil and gas company’s stock worth $168,000 after purchasing an additional 140 shares during the last quarter. Laurion Capital Management LP acquired a new position in SEACOR Holdings during the first quarter worth $208,000. Finally, State of Alaska Department of Revenue raised its holdings in SEACOR Holdings by 80.2% during the second quarter. State of Alaska Department of Revenue now owns 3,226 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 1,436 shares during the last quarter. 89.88% of the stock is owned by institutional investors and hedge funds.

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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