Adirondack Research & Management Inc. lowered its position in Seacor Holdings, Inc. (NYSE:CKH) by 25.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,178 shares of the oil and gas company’s stock after selling 9,732 shares during the quarter. Adirondack Research & Management Inc. owned approximately 0.14% of Seacor worth $1,373,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CKH. Bank of Montreal Can lifted its position in shares of Seacor by 325.9% in the second quarter. Bank of Montreal Can now owns 1,925 shares of the oil and gas company’s stock worth $91,000 after buying an additional 1,473 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Seacor in the third quarter worth about $117,000. Envestnet Asset Management Inc. acquired a new stake in shares of Seacor in the second quarter worth about $225,000. AQR Capital Management LLC acquired a new stake in shares of Seacor in the second quarter worth about $250,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Seacor in the second quarter worth about $257,000. Hedge funds and other institutional investors own 84.40% of the company’s stock.
In related news, CFO Bruce Weins sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $49.25, for a total transaction of $246,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles Fabrikant sold 27,001 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $47.35, for a total value of $1,278,497.35. Following the transaction, the chief executive officer now directly owns 521,809 shares of the company’s stock, valued at approximately $24,707,656.15. The disclosure for this sale can be found here. Insiders sold 63,085 shares of company stock valued at $3,016,797 in the last ninety days. Insiders own 10.27% of the company’s stock.
Shares of NYSE:CKH opened at $42.56 on Friday. Seacor Holdings, Inc. has a fifty-two week low of $34.63 and a fifty-two week high of $51.42. The business has a 50-day moving average of $46.33 and a two-hundred day moving average of $45.92. The stock has a market capitalization of $887.28 million, a P/E ratio of 23.51 and a beta of 0.77. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.44 and a quick ratio of 1.41.
Seacor (NYSE:CKH) last announced its quarterly earnings results on Monday, October 28th. The oil and gas company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.17). Seacor had a return on equity of 3.69% and a net margin of 2.92%. The company had revenue of $200.66 million during the quarter, compared to analyst estimates of $201.84 million. As a group, research analysts expect that Seacor Holdings, Inc. will post 1.77 EPS for the current fiscal year.
CKH has been the subject of a number of analyst reports. Zacks Investment Research cut Seacor from a “hold” rating to a “strong sell” rating in a research report on Friday, November 1st. ValuEngine raised Seacor from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.
SEACOR Holdings Inc engages in transportation and logistics, risk management consultancy, and other businesses in the United States and internationally. The company operates through Ocean Transportation & Logistics Services, Inland Transportation & Logistics Services, Witt O'Brien's, and Other segments.
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