Seacor Holdings Inc. (NYSE:CKH) rose 5.6% during mid-day trading on Wednesday . The company traded as high as $61.13 and last traded at $60.61, with a volume of 177,517 shares trading hands. The stock had previously closed at $57.41.

Separately, Stifel Nicolaus initiated coverage on shares of Seacor Holdings in a report on Tuesday. They set a “buy” rating and a $70.00 price target on the stock.

The stock’s 50 day moving average price is $56.22 and its 200-day moving average price is $54.62. The stock’s market cap is $1.03 billion.

In other Seacor Holdings news, SVP Bruce Weins sold 1,304 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $570,779.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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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