Seacor Holdings, Inc. (NYSE:CKH) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating. Seacor’s rating score has declined by 200% in the last 90 days as a result of various analysts’ ratings changes.
Brokerages have set a one year consensus price objective 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 146 out of 265 based on the ratings given to its competitors.
A number of brokerages have recently issued reports on CKH. Credit Suisse Group increased their target price on Seacor from $36.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded Seacor from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Wednesday, November 8th. TheStreet upgraded Seacor from a “d+” rating to a “c-” rating in a research report on Tuesday, November 7th. Stifel Nicolaus lowered Seacor from a “buy” rating to a “hold” rating and increased their target price for the company from $40.00 to $53.00 in a research report on Monday, November 6th. Finally, ValuEngine upgraded Seacor from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th.
Seacor (NYSE:CKH) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.02). Seacor had a negative return on equity of 9.19% and a negative net margin of 15.49%. sell-side analysts forecast that Seacor will post 0.55 earnings per share for the current year.
In other Seacor news, Vice Chairman Oivind Lorentzen sold 20,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $50.15, for a total value of $1,003,000.00. Following the transaction, the insider now owns 41,175 shares in the company, valued at approximately $2,064,926.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bruce Weins sold 2,569 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $49.00, for a total value of $125,881.00. Following the completion of the transaction, the chief financial officer now owns 12,708 shares in the company, valued at approximately $622,692. The disclosure for this sale can be found here. Insiders have sold a total of 118,487 shares of company stock worth $5,950,235 in the last quarter. Insiders own 10.47% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in Seacor in the 3rd quarter valued at $111,000. Bank of Montreal Can lifted its holdings in Seacor by 2,282.2% in the 4th quarter. Bank of Montreal Can now owns 2,811 shares of the oil and gas company’s stock valued at $129,000 after purchasing an additional 2,693 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings 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 purchasing an additional 1,594 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Seacor in the 3rd quarter valued at $241,000. Finally, Oppenheimer & Co. Inc. purchased a new position in Seacor in the 3rd quarter valued at $255,000. 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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