Huber Capital Management LLC lessened its holdings in shares of Seacor Holdings, Inc. (NYSE:CKH) by 21.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,017 shares of the oil and gas company’s stock after selling 3,000 shares during the period. Huber Capital Management LLC owned about 0.06% of Seacor worth $509,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Seacor during the third quarter valued at approximately $111,000. Bank of Montreal Can boosted its holdings in shares of Seacor by 2,282.2% in the fourth 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 during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Seacor in the third quarter valued at approximately $241,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Seacor in the third quarter valued at approximately $255,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Seacor in the fourth quarter valued at approximately $263,000. Institutional investors and hedge funds own 91.77% of the company’s stock.
A number of brokerages recently issued reports on CKH. Stifel Nicolaus set a $50.00 price target on Seacor and gave the company a “hold” rating in a report on Thursday, March 1st. TheStreet upgraded Seacor from a “c” rating to a “b-” rating in a report on Wednesday, February 28th. ValuEngine lowered Seacor from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research upgraded Seacor from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Seacor presently has a consensus rating of “Hold” and an average price target of $48.67.
Shares of Seacor Holdings, Inc. (CKH) traded down $0.03 during midday trading on Wednesday, hitting $47.64. The company had a trading volume of 141,759 shares, compared to its average volume of 109,115. The stock has a market capitalization of $863.61, a price-to-earnings ratio of 17.78 and a beta of 1.07. Seacor Holdings, Inc. has a 12-month low of $30.44 and a 12-month high of $51.59. The company has a quick ratio of 2.43, a current ratio of 2.46 and a debt-to-equity ratio of 0.67.
Seacor (NYSE:CKH) last issued its quarterly earnings data on Tuesday, February 27th. The oil and gas company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.10. The company had revenue of $185.52 million during the quarter, compared to the consensus estimate of $171.23 million. Seacor had a net margin of 9.48% and a return on equity of 1.54%. equities research analysts anticipate that Seacor Holdings, Inc. will post 0.54 earnings per share for the current year.
In related news, CFO Bruce Weins sold 2,569 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $622,692. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Oivind Lorentzen sold 5,992 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $44.10, for a total transaction of $264,247.20. Following the completion of the transaction, the insider now directly owns 41,183 shares of the company’s stock, valued at approximately $1,816,170.30. The disclosure for this sale can be found here. Insiders sold 25,380 shares of company stock valued at $1,205,850 in the last three months. 10.47% of the stock is currently owned by insiders.
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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