Seacor Holdings Inc. (CKH) Given Consensus Recommendation of “Strong Buy” by Analysts
Shares of Seacor Holdings Inc. (NYSE:CKH) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a one year consensus target price of $70.00 for the company and are anticipating that the company will post ($0.70) EPS for the current quarter, according to Zacks. Zacks has also assigned Seacor Holdings an industry rank of 171 out of 265 based on the ratings given to its competitors.
Separately, Stifel Nicolaus started coverage on shares of Seacor Holdings in a report on Tuesday, August 23rd. They set a “buy” rating and a $70.00 price objective on the stock.
Seacor Holdings (NYSE:CKH) opened at 58.24 on Wednesday. The company’s market capitalization is $1.01 billion. Seacor Holdings has a 52-week low of $41.24 and a 52-week high of $65.02. The company’s 50-day moving average is $58.45 and its 200-day moving average is $57.02.
In related news, CFO Matthew Cenac sold 4,425 shares of the business’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $56.25, for a total value of $248,906.25. Following the transaction, the chief financial officer now directly owns 30,776 shares of the company’s stock, valued at approximately $1,731,150. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Bruce Weins sold 1,304 shares of the business’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $59.45, for a total transaction of $77,522.80. Following the completion of the transaction, the senior vice president now directly owns 9,601 shares in the company, valued at $570,779.45. The disclosure for this sale can be found here. Company insiders own 13.37% of the company’s stock.
Several institutional investors have recently modified their holdings of CKH. BlackRock Inc. increased its position in shares of Seacor Holdings by 51.7% in the first quarter. BlackRock Inc. now owns 1,971 shares of the company’s stock worth $108,000 after buying an additional 672 shares during the period. PineBridge Investments L.P. increased its position in shares of Seacor Holdings by 7.6% in the second quarter. PineBridge Investments L.P. now owns 2,020 shares of the company’s stock worth $117,000 after buying an additional 143 shares during the period. Teacher Retirement System of Texas increased its position in shares of Seacor Holdings by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 2,300 shares of the company’s stock worth $133,000 after buying an additional 277 shares during the period. Mason Street Advisors LLC bought a new position in shares of Seacor Holdings during the second quarter worth $180,000. Finally, KCG Holdings Inc. bought a new position in shares of Seacor Holdings during the second quarter worth $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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Seacor Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seacor Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.