Zacks Investment Research downgraded shares of SEACOR Holdings, Inc. (NYSE:CKH) from a buy rating to a hold rating in a research note released on Friday morning.

According to Zacks, “SEACOR and its subsidiaries are engaged in the operation of a diversified fleet of offshore support vessels that service oil and gas exploration and development activities in the U.S. Gulf of Mexico, the North Sea, West Africa, Asia, Latin America and other international regions. Other business activities primarily include environmental services, inland river operations, and offshore aviation services. “

Other analysts have also issued reports about the company. Stifel Nicolaus set a $40.00 price objective on SEACOR Holdings and gave the stock a buy rating in a report on Monday, August 7th. ValuEngine lowered SEACOR Holdings from a hold rating to a sell rating in a report on Friday, May 26th.

SEACOR Holdings (CKH) opened at 40.89 on Friday. The company’s market capitalization is $724.98 million. SEACOR Holdings has a 1-year low of $31.90 and a 1-year high of $76.32. The firm has a 50-day moving average price of $37.37 and a 200-day moving average price of $50.00.

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A number of hedge funds and other institutional investors have recently made changes to their positions in CKH. Teachers Advisors LLC grew its holdings in SEACOR Holdings by 6.4% during the fourth quarter. Teachers Advisors LLC now owns 27,801 shares of the oil and gas company’s stock valued at $1,982,000 after purchasing an additional 1,678 shares during the period. Louisiana State Employees Retirement System grew its holdings in SEACOR Holdings by 1.5% during the first quarter. Louisiana State Employees Retirement System now owns 6,600 shares of the oil and gas company’s stock valued at $457,000 after purchasing an additional 100 shares during the period. Great West Life Assurance Co. Can grew its holdings in SEACOR Holdings by 8.8% during the first quarter. Great West Life Assurance Co. Can now owns 23,290 shares of the oil and gas company’s stock valued at $1,611,000 after purchasing an additional 1,885 shares during the period. First Trust Advisors LP bought a new position in SEACOR Holdings during the first quarter valued at $323,000. Finally, Karp Capital Management Corp bought a new position in SEACOR Holdings during the first quarter valued at $437,000. 89.88% of the stock is owned by institutional investors and hedge funds.

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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