Seacor Holdings Inc. (NYSE:CKH) Given Average Recommendation of “Strong Buy” by Brokerages
Shares of Seacor Holdings Inc. (NYSE:CKH) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus target price of $70.00 for the company and are forecasting that the company will post ($0.70) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Seacor Holdings an industry rank of 184 out of 265 based on the ratings given to its competitors.
Separately, Stifel Nicolaus started coverage on shares of Seacor Holdings in a research note on Tuesday, August 23rd. They issued a “buy” rating and a $70.00 price objective on the stock.
Shares of Seacor Holdings (NYSE:CKH) opened at 56.47 on Monday. The company’s market capitalization is $978.06 million. Seacor Holdings has a 12-month low of $41.24 and a 12-month high of $67.60. The stock has a 50 day moving average of $57.19 and a 200-day moving average of $56.25.
In related news, SVP Bruce Weins sold 1,304 shares of the firm’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $59.45, for a total transaction of $77,522.80. Following the sale, the senior vice president now owns 9,601 shares in the company, valued at $570,779.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Matthew Cenac sold 1,575 shares of the firm’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $56.30, for a total transaction of $88,672.50. Following the sale, the chief financial officer now owns 35,201 shares in the company, valued at approximately $1,981,816.30. The disclosure for this sale can be found here. Corporate insiders own 13.37% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Seacor Holdings by 51.7% in the first quarter. BlackRock Inc. now owns 1,971 shares of the company’s stock valued at $108,000 after buying an additional 672 shares in the last quarter. PineBridge Investments L.P. raised its stake in Seacor Holdings by 7.6% in the second quarter. PineBridge Investments L.P. now owns 2,020 shares of the company’s stock valued at $117,000 after buying an additional 143 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Seacor Holdings by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 2,300 shares of the company’s stock valued at $133,000 after buying an additional 277 shares in the last quarter. Mason Street Advisors LLC purchased a new stake in Seacor Holdings during the second quarter valued at approximately $180,000. Finally, KCG Holdings Inc. purchased a new stake in Seacor Holdings during the second quarter valued at approximately $213,000.
Seacor Holdings Company Profile
SEACOR Holdings Inc is engaged in owning, operating, investing in and marketing equipment, primarily in the offshore oil and gas, shipping and logistics industries. The Company’s segments include Offshore Marine Services, Inland River Services, Shipping Services and Illinois Corn Processing. The Offshore Marine Services segment operates a fleet of support vessels primarily servicing offshore oil and gas exploration, development and production facilities around the world.
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