SEACOR (NYSE:CKH) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued to investors on Tuesday.
Several other research analysts have also recently issued reports on CKH. ValuEngine cut SEACOR from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Stifel Nicolaus set a $50.00 price target on SEACOR and gave the company a “hold” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research raised SEACOR from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a report on Tuesday, May 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $52.67.
Shares of NYSE:CKH opened at $52.20 on Tuesday. SEACOR has a 12 month low of $51.92 and a 12 month high of $52.51. The company has a market cap of $946.17 million, a P/E ratio of 40.47 and a beta of 0.85. The company has a current ratio of 2.67, a quick ratio of 2.65 and a debt-to-equity ratio of 0.65.
SEACOR (NYSE:CKH) last announced its earnings results on Wednesday, April 25th. The oil and gas company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The firm had revenue of $184.82 million for the quarter, compared to analysts’ expectations of $173.10 million. SEACOR had a return on equity of 1.61% and a net margin of 9.03%. analysts anticipate that SEACOR will post 0.92 earnings per share for the current fiscal year.
In other SEACOR news, Vice Chairman Oivind Lorentzen sold 5,992 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $44.10, for a total transaction of $264,247.20. Following the sale, the insider now directly owns 41,183 shares of the company’s stock, valued at approximately $1,816,170.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Bruce Weins sold 16,819 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $48.50, for a total transaction of $815,721.50. Following the sale, the chief financial officer now directly owns 12,503 shares in the company, valued at $606,395.50. The disclosure for this sale can be found here. 10.47% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in SEACOR during the 1st quarter valued at $127,000. Bank of Montreal Can raised its stake in SEACOR by 2,282.2% during 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 during the period. Paloma Partners Management Co acquired a new stake in SEACOR during the 4th quarter valued at $234,000. Teacher Retirement System of Texas acquired a new stake in SEACOR during the 4th quarter valued at $263,000. Finally, Trexquant Investment LP acquired a new stake in SEACOR during the 1st quarter valued at $354,000. 90.87% of the stock is currently owned by institutional investors.
SEACOR Company Profile
SEACOR Holdings Inc, a diversified holding company, engages in transportation, and logistics and risk management consultancy businesses in the United States and internationally. The company's Ocean Transportation & Logistics Services segment owns and operates a diversified fleet of marine transportation, and towing and bunkering assets.
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