Man Group plc Reduces Stake in Seacor Holdings, Inc. (NYSE:CKH)

Man Group plc trimmed its stake in Seacor Holdings, Inc. (NYSE:CKH) by 71.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,055 shares of the oil and gas company’s stock after selling 98,487 shares during the quarter. Man Group plc’s holdings in Seacor were worth $1,856,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in Seacor by 325.9% in the second quarter. Bank of Montreal Can now owns 1,925 shares of the oil and gas company’s stock valued at $91,000 after acquiring an additional 1,473 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in Seacor in the second quarter valued at about $225,000. Campbell & CO Investment Adviser LLC purchased a new position in Seacor in the first quarter valued at about $243,000. DekaBank Deutsche Girozentrale purchased a new position in Seacor in the first quarter valued at about $409,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Seacor by 24.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,576 shares of the oil and gas company’s stock valued at $407,000 after acquiring an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 84.57% of the company’s stock.

Shares of CKH stock opened at $46.39 on Friday. The stock has a market capitalization of $927.23 million, a P/E ratio of 25.63 and a beta of 0.81. The company has a current ratio of 1.84, a quick ratio of 1.81 and a debt-to-equity ratio of 0.40. The firm’s 50 day moving average is $47.24 and its 200 day moving average is $45.38. Seacor Holdings, Inc. has a 12 month low of $34.63 and a 12 month high of $51.42.

Seacor (NYSE:CKH) last announced its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.32. The company had revenue of $197.02 million for the quarter, compared to analysts’ expectations of $214.72 million. Seacor had a net margin of 4.12% and a return on equity of 4.71%. On average, equities analysts predict that Seacor Holdings, Inc. will post 2.19 EPS for the current year.

A number of research analysts have weighed in on CKH shares. Zacks Investment Research upgraded shares of Seacor from a “hold” rating to a “strong-buy” rating and set a $55.00 target price on the stock in a research note on Wednesday, September 25th. ValuEngine upgraded shares of Seacor from a “sell” rating to a “hold” rating in a research note on Wednesday.

In related news, CFO Bruce Weins sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $49.25, for a total transaction of $246,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Eric Fabrikant sold 6,984 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $50.28, for a total transaction of $351,155.52. Following the sale, the chief operating officer now directly owns 77,136 shares in the company, valued at approximately $3,878,398.08. The disclosure for this sale can be found here. Insiders have sold a total of 63,085 shares of company stock worth $3,016,797 over the last 90 days. 10.27% of the stock is currently owned by corporate insiders.

Seacor Profile

SEACOR Holdings Inc engages in transportation and logistics, risk management consultancy, and other businesses in the United States and internationally. The company operates through Ocean Transportation & Logistics Services, Inland Transportation & Logistics Services, Witt O'Brien's, and Other segments.

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Institutional Ownership by Quarter for Seacor (NYSE:CKH)

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