SEACOR Holdings, Inc. (NYSE:CKH) Position Boosted by State of Alaska Department of Revenue
State of Alaska Department of Revenue increased its position in shares of SEACOR Holdings, Inc. (NYSE:CKH) by 80.2% during the second quarter, Holdings Channel reports. The fund owned 3,226 shares of the oil and gas company’s stock after buying an additional 1,436 shares during the period. State of Alaska Department of Revenue’s holdings in SEACOR Holdings were worth $110,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of SEACOR Holdings by 42,596.9% in the first quarter. BlackRock Inc. now owns 2,024,259 shares of the oil and gas company’s stock worth $140,058,000 after buying an additional 2,019,518 shares during the last quarter. Norges Bank bought a new position in shares of SEACOR Holdings during the fourth quarter worth about $8,607,000. Vanguard Group Inc. raised its position in shares of 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 worth $99,991,000 after buying an additional 37,960 shares during the last quarter. Quantitative Investment Management LLC bought a new position in shares of SEACOR Holdings during the first quarter worth about $2,131,000. Finally, Eos Focused Equity Management L.P. bought a new position in shares of SEACOR Holdings during the first quarter worth about $1,303,000. Institutional investors and hedge funds own 93.02% of the company’s stock.
Shares of SEACOR Holdings, Inc. (NYSE CKH) traded down 1.28% on Friday, reaching $36.21. 92,411 shares of the company’s stock were exchanged. SEACOR Holdings, Inc. has a one year low of $31.90 and a one year high of $76.32. The firm’s market capitalization is $642.00 million. The firm has a 50 day moving average of $34.97 and a 200 day moving average of $55.95.
CKH has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of SEACOR Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. ValuEngine lowered shares of SEACOR Holdings from a “hold” rating to a “sell” rating in a research note on Friday, May 26th. Finally, Stifel Nicolaus restated a “buy” rating and set a $37.00 price target (down previously from $40.00) on shares of SEACOR Holdings in a research note on Wednesday, June 28th.
In other news, Vice Chairman Oivind Lorentzen sold 53,208 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $36.37, for a total transaction of $1,935,174.96. Following the completion of the sale, the insider now owns 72,934 shares in the company, valued at approximately $2,652,609.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 10.47% of the stock is currently owned by insiders.
SEACOR Holdings Company Profile
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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