Zacks Investment Research upgraded shares of Seacor (NYSE:CKH) from a hold rating to a buy rating in a research report report published on Tuesday. The brokerage currently has $45.00 price objective on the oil and gas company’s stock.

According to Zacks, “SEACOR Holdings Inc. is a diversified holding company principally focused on domestic and international transportation, logistics, and risk management consultancy. SEACOR provides its customers with highly responsive services focused on innovative technology, modern efficient equipment, and dedicated, highly trained professionals. As the parent company of a global, diversified family of companies, SEACOR has the ability to utilize its subsidiaries’ assets to provide customers with the highest level of service within the industries in which it operates. SEACOR also maintains strategic joint venture arrangements in various geographic locations around the world, enhancing its existing business lines while satisfying specific customer requirements with resources such as logistical support, assets, and personnel. SEACOR engages in the operation of a fleet of offshore vessels in the U.S. Gulf of Mexico, the North Sea, West Africa, Asia, Latin America and other regions. “

CKH has been the subject of several other reports. TheStreet downgraded Seacor from a b- rating to a c+ rating in a report on Friday, December 7th. ValuEngine lowered Seacor from a hold rating to a sell rating in a research report on Tuesday, November 13th.

Shares of NYSE CKH traded up $0.05 during mid-day trading on Tuesday, hitting $40.92. 53,416 shares of the company traded hands, compared to its average volume of 58,862. Seacor has a 1 year low of $34.63 and a 1 year high of $59.00. The company has a market cap of $751.95 million, a price-to-earnings ratio of 31.72 and a beta of 0.72. The company has a quick ratio of 2.05, a current ratio of 2.07 and a debt-to-equity ratio of 0.44.

Seacor (NYSE:CKH) last announced its earnings results on Tuesday, October 23rd. The oil and gas company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.52 by $0.30. Seacor had a return on equity of 3.88% and a net margin of 16.80%. The business had revenue of $220.26 million during the quarter, compared to the consensus estimate of $222.45 million. As a group, sell-side analysts expect that Seacor will post 1.98 EPS for the current fiscal year.

In related news, insider Charles Fabrikant sold 51,432 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $50.19, for a total transaction of $2,581,372.08. Following the transaction, the insider now directly owns 492,937 shares of the company’s stock, valued at $24,740,508.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 10.27% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the stock. Strs Ohio acquired a new position in Seacor in the 2nd quarter worth about $108,000. Federated Investors Inc. PA increased its position in Seacor by 1,831.4% in the 2nd quarter. Federated Investors Inc. PA now owns 2,646 shares of the oil and gas company’s stock worth $151,000 after purchasing an additional 2,509 shares during the last quarter. Mackenzie Financial Corp acquired a new position in Seacor in the 3rd quarter worth about $205,000. Verition Fund Management LLC acquired a new position in Seacor in the 2nd quarter worth about $257,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Seacor in the 3rd quarter worth about $247,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Seacor Company Profile

SEACOR Holdings Inc, a diversified holding company, engages in transportation, and logistics and risk management consultancy businesses in the United States and internationally. The company's Ocean Transportation & Logistics Services segment owns and operates a diversified fleet of marine transportation, and towing and bunkering assets.

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