Analysts Set $54.00 Target Price for Seacor Holdings, Inc. (CKH)
Seacor Holdings, Inc. (NYSE:CKH) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Analysts have set a 1-year consensus price target of $54.00 for the company and are predicting that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also given Seacor an industry rank of 98 out of 265 based on the ratings given to related companies.
A number of research firms recently weighed in on CKH. Zacks Investment Research raised shares of Seacor from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Wednesday, January 3rd. Stifel Nicolaus set a $50.00 price target on shares of Seacor and gave the company a “hold” rating in a research note on Thursday, March 1st. TheStreet raised shares of Seacor from a “c” rating to a “b-” rating in a research note on Wednesday, February 28th. Finally, ValuEngine cut shares of Seacor from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd.
Seacor (NYSE:CKH) last released its earnings results on Tuesday, February 27th. The oil and gas company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.10. The firm had revenue of $185.52 million during the quarter, compared to analyst estimates of $171.23 million. Seacor had a net margin of 9.48% and a return on equity of 1.54%. sell-side analysts forecast that Seacor will post 0.54 earnings per share for the current fiscal year.
In related news, CFO Bruce Weins sold 16,819 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $48.50, for a total value of $815,721.50. Following the transaction, the chief financial officer now directly owns 12,503 shares in the company, valued at $606,395.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Oivind Lorentzen sold 5,992 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $44.10, for a total transaction of $264,247.20. Following the completion of the transaction, the insider now owns 41,183 shares in the company, valued at $1,816,170.30. The disclosure for this sale can be found here. 10.47% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in Seacor by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,486,364 shares of the oil and gas company’s stock valued at $68,536,000 after buying an additional 13,634 shares during the period. Renaissance Technologies LLC raised its holdings in Seacor by 49.8% in the fourth quarter. Renaissance Technologies LLC now owns 532,100 shares of the oil and gas company’s stock worth $24,594,000 after purchasing an additional 177,000 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Seacor by 0.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 164,942 shares of the oil and gas company’s stock worth $7,624,000 after purchasing an additional 1,045 shares during the period. Goldman Sachs Group Inc. raised its holdings in Seacor by 205.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 108,137 shares of the oil and gas company’s stock worth $4,998,000 after purchasing an additional 72,678 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Seacor by 128.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 97,775 shares of the oil and gas company’s stock worth $4,519,000 after purchasing an additional 55,065 shares during the period. Institutional investors and hedge funds own 91.80% of the company’s stock.
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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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