Seacor (NYSE:CKH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage currently has a $53.00 price target on the oil and gas company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 9.57% from the company’s previous close.

According to Zacks, “SEACOR Holdings Inc. is a diversified holding company principally focused on domestic and international transportation, logistics, and risk management consultancy. SEACOR provides its customers with highly responsive services focused on innovative technology, modern efficient equipment, and dedicated, highly trained professionals. As the parent company of a global, diversified family of companies, SEACOR has the ability to utilize its subsidiaries’ assets to provide customers with the highest level of service within the industries in which it operates. SEACOR also maintains strategic joint venture arrangements in various geographic locations around the world, enhancing its existing business lines while satisfying specific customer requirements with resources such as logistical support, assets, and personnel. SEACOR engages in the operation of a fleet of offshore vessels in the U.S. Gulf of Mexico, the North Sea, West Africa, Asia, Latin America and other regions. “

A number of other research firms have also commented on CKH. Credit Suisse Group lifted their price objective on Seacor from $36.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. TheStreet upgraded Seacor from a “d+” rating to a “c-” rating in a research note on Tuesday, November 7th. Finally, Stifel Nicolaus lowered Seacor from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $40.00 to $53.00 in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.67.

Shares of Seacor (NYSE:CKH) traded up $0.63 during trading hours on Wednesday, hitting $48.37. The company’s stock had a trading volume of 117,400 shares, compared to its average volume of 100,300. Seacor has a 12 month low of $30.44 and a 12 month high of $51.59. The firm has a market capitalization of $863.86, a PE ratio of -9.99 and a beta of 1.09. The company has a quick ratio of 2.07, a current ratio of 2.09 and a debt-to-equity ratio of 0.89.

In related news, COO Eric Fabrikant sold 4,988 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $50.74, for a total transaction of $253,091.12. Following the transaction, the chief operating officer now directly owns 48,747 shares in the company, valued at $2,473,422.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles Fabrikant sold 15,229 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $50.87, for a total value of $774,699.23. Following the transaction, the chief executive officer now owns 488,834 shares in the company, valued at $24,866,985.58. The disclosure for this sale can be found here. Insiders have sold 118,487 shares of company stock worth $5,950,235 over the last 90 days. Corporate insiders own 10.47% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in CKH. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Seacor by 3.3% in 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 acquiring an additional 120 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Seacor by 0.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 167,755 shares of the oil and gas company’s stock worth $5,754,000 after acquiring an additional 425 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Seacor by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 8,516 shares of the oil and gas company’s stock worth $292,000 after acquiring an additional 100 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Seacor by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 38,051 shares of the oil and gas company’s stock worth $1,305,000 after acquiring an additional 477 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Seacor by 10.6% in the 2nd quarter. Legal & General Group Plc now owns 32,234 shares of the oil and gas company’s stock worth $1,105,000 after acquiring an additional 3,093 shares in the last quarter. Institutional investors own 92.01% of the company’s stock.

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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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