Brokerages Set $50.00 Target Price for Seacor Holdings, Inc. (CKH)

Shares of Seacor Holdings, Inc. (NYSE:CKH) have been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Analysts have set a 12-month consensus price target of $50.00 for the company and are anticipating that the company will post $0.11 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Seacor an industry rank of 167 out of 265 based on the ratings given to related companies.

CKH has been the topic of several analyst reports. TheStreet upgraded Seacor from a “c” rating to a “b-” rating in a research note on Wednesday, February 28th. Zacks Investment Research upgraded 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 target price on Seacor and gave the company a “hold” rating in a research note on Thursday, March 1st. Finally, ValuEngine upgraded Seacor from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th.



Shares of CKH stock traded up $0.14 on Thursday, hitting $55.92. The stock had a trading volume of 123,545 shares, compared to its average volume of 115,798. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.46 and a quick ratio of 2.43. The company has a market capitalization of $989.21, a P/E ratio of 43.35 and a beta of 0.85. Seacor has a one year low of $30.44 and a one year high of $56.78.

Seacor (NYSE:CKH) last released its quarterly earnings data on Tuesday, February 27th. The oil and gas company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.10. Seacor had a return on equity of 1.54% and a net margin of 9.48%. The firm had revenue of $185.52 million during the quarter, compared to the consensus estimate of $171.23 million. analysts anticipate that Seacor will post 0.54 earnings per share for the current fiscal year.

In other news, CFO Bruce Weins sold 16,819 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $48.50, for a total transaction of $815,721.50. Following the sale, the chief financial officer now owns 12,503 shares in the company, valued at $606,395.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Oivind Lorentzen sold 5,992 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $44.10, for a total value of $264,247.20. Following the sale, the insider now owns 41,183 shares in the company, valued at approximately $1,816,170.30. The disclosure for this sale can be found here. 10.47% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Spark Investment Management LLC boosted its position in Seacor by 512.1% in the fourth quarter. Spark Investment Management LLC now owns 30,300 shares of the oil and gas company’s stock valued at $1,400,000 after buying an additional 25,350 shares during the last quarter. Bank of Montreal Can boosted its position in Seacor by 2,282.2% in the fourth quarter. Bank of Montreal Can now owns 2,811 shares of the oil and gas company’s stock valued at $129,000 after buying an additional 2,693 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position 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 valued at $4,519,000 after buying an additional 55,065 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Seacor in the fourth quarter valued at approximately $263,000. Finally, Pinebridge Investments L.P. boosted its position in Seacor by 11.7% in the fourth quarter. Pinebridge Investments L.P. now owns 23,139 shares of the oil and gas company’s stock valued at $1,069,000 after buying an additional 2,417 shares during the last quarter. Institutional investors and hedge funds own 91.80% of the company’s stock.

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About Seacor

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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