Zacks: SEACOR Holdings, Inc. (CKH) Given Consensus Rating of “Hold” by Brokerages
SEACOR Holdings, Inc. (NYSE:CKH) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation. SEACOR’s rating score has declined by 200% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 1 year consensus price target of $53.00 for the company and are forecasting that the company will post $0.32 EPS for the current quarter, according to Zacks. Zacks has also given SEACOR an industry rank of 177 out of 265 based on the ratings given to its competitors.
Several equities research analysts have commented on the stock. TheStreet upgraded shares of SEACOR from a “d+” rating to a “c-” rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded SEACOR from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Wednesday, November 8th. Stifel Nicolaus lowered SEACOR from a “buy” rating to a “hold” rating and upped their price target for the company from $40.00 to $53.00 in a research report on Monday, November 6th. Finally, Credit Suisse Group upped their price target on SEACOR from $36.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd.
In other news, CFO Bruce Weins sold 800 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $50.50, for a total transaction of $40,400.00. Following the completion of the sale, the chief financial officer now directly owns 13,360 shares of the company’s stock, valued at approximately $674,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Fabrikant sold 15,229 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $50.87, for a total value of $774,699.23. Following the sale, the chief executive officer now directly owns 488,834 shares of the company’s stock, valued at $24,866,985.58. The disclosure for this sale can be found here. Insiders have sold a total of 115,918 shares of company stock valued at $5,824,354 over the last 90 days. Corporate insiders own 10.47% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in SEACOR in the 3rd quarter valued at approximately $111,000. Municipal Employees Retirement System of Michigan grew its holdings in shares of SEACOR by 3.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,800 shares of the oil and gas company’s stock worth $130,000 after purchasing an additional 120 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in SEACOR by 45.3% in the 2nd 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 in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in SEACOR in the 3rd quarter valued at $241,000. Finally, Pacad Investment Ltd. acquired a new stake in SEACOR in the 2nd quarter valued at $185,000. 92.01% of the stock is currently owned by institutional investors and hedge funds.
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SEACOR 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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