SEACOR Holdings, Inc. (CKH) Shares Sold by UBS Group AG
UBS Group AG decreased its stake in SEACOR Holdings, Inc. (NYSE:CKH) by 31.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,283 shares of the oil and gas company’s stock after selling 1,056 shares during the period. UBS Group AG’s holdings in SEACOR Holdings were worth $158,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in SEACOR Holdings during the fourth quarter valued at approximately $8,607,000. Vanguard Group Inc. increased its position in SEACOR Holdings by 2.7% in the first quarter. Vanguard Group Inc. now owns 1,445,167 shares of the oil and gas company’s stock valued at $99,991,000 after buying an additional 37,960 shares in the last quarter. Quantitative Investment Management LLC purchased a new position in SEACOR Holdings during the first quarter valued at approximately $2,131,000. Eos Focused Equity Management L.P. purchased a new position in SEACOR Holdings during the first quarter valued at approximately $1,303,000. Finally, Anchor Capital Advisors LLC increased its position in SEACOR Holdings by 156.2% in the first quarter. Anchor Capital Advisors LLC now owns 29,044 shares of the oil and gas company’s stock valued at $2,010,000 after buying an additional 17,707 shares in the last quarter. 93.02% of the stock is owned by institutional investors and hedge funds.
SEACOR Holdings, Inc. (NYSE CKH) traded up 0.770% on Thursday, reaching $37.305. The company had a trading volume of 2,546 shares. The company’s market capitalization is $661.42 million. SEACOR Holdings, Inc. has a 52-week low of $31.90 and a 52-week high of $76.32. The company’s 50-day moving average is $34.72 and its 200-day moving average is $56.34.
SEACOR Holdings (NYSE:CKH) last posted its quarterly earnings results on Tuesday, May 9th. The oil and gas company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.64) by $0.88. SEACOR Holdings had a negative return on equity of 12.20% and a negative net margin of 22.34%. The firm had revenue of $190.45 million for the quarter, compared to the consensus estimate of $206.36 million. Equities analysts anticipate that SEACOR Holdings, Inc. will post $0.42 EPS for the current fiscal year.
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Several research analysts recently commented on CKH shares. Zacks Investment Research downgraded SEACOR Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. ValuEngine downgraded SEACOR Holdings from a “hold” rating to a “sell” rating in a research note on Friday, May 26th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $37.00 price objective (down from $40.00) on shares of SEACOR Holdings in a research note on Wednesday, June 28th.
In related news, Vice Chairman Oivind Lorentzen sold 53,208 shares of SEACOR Holdings stock in a transaction on Friday, June 9th. The stock was sold at an average price of $36.37, for a total transaction of $1,935,174.96. Following the completion of the transaction, the insider now directly owns 72,934 shares of the company’s stock, valued at $2,652,609.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 57,393 shares of company stock valued at $2,205,423. 10.47% of the stock is currently owned by insiders.
About SEACOR Holdings
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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