Insider Buying: Seacor Holdings, Inc. (NYSE:CKH) CEO Purchases 2,000 Shares of Stock

Seacor Holdings, Inc. (NYSE:CKH) CEO Charles Fabrikant purchased 2,000 shares of the business’s stock in a transaction on Friday, March 20th. The stock was purchased at an average price of $23.54 per share, with a total value of $47,080.00. Following the purchase, the chief executive officer now owns 535,264 shares of the company’s stock, valued at $12,600,114.56. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Charles Fabrikant also recently made the following trade(s):

  • On Wednesday, March 11th, Charles Fabrikant purchased 5,649 shares of Seacor stock. The stock was purchased at an average price of $25.71 per share, with a total value of $145,235.79.

Shares of CKH opened at $25.75 on Thursday. The firm has a market capitalization of $540.20 million, a PE ratio of 19.26 and a beta of 0.77. The company’s 50-day moving average is $34.08 and its 200-day moving average is $41.38. Seacor Holdings, Inc. has a fifty-two week low of $22.23 and a fifty-two week high of $51.42. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.58 and a quick ratio of 1.55.

Seacor (NYSE:CKH) last issued its quarterly earnings data on Friday, February 28th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.38). The company had revenue of $192.76 million during the quarter, compared to the consensus estimate of $208.41 million. Seacor had a net margin of 3.35% and a return on equity of 3.12%. Analysts predict that Seacor Holdings, Inc. will post 1 earnings per share for the current fiscal year.

A number of analysts have commented on CKH shares. ValuEngine upgraded shares of Seacor from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Zacks Investment Research cut shares of Seacor from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Finally, Stifel Nicolaus upgraded shares of Seacor from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Thursday, January 2nd.

Several institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System raised its position in shares of Seacor by 1.2% in the third quarter. California State Teachers Retirement System now owns 27,109 shares of the oil and gas company’s stock valued at $1,276,000 after purchasing an additional 324 shares during the period. Bank of Montreal Can raised its position in shares of Seacor by 10.9% in the fourth quarter. Bank of Montreal Can now owns 6,406 shares of the oil and gas company’s stock valued at $276,000 after purchasing an additional 629 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Seacor by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 179,733 shares of the oil and gas company’s stock valued at $7,756,000 after purchasing an additional 672 shares during the period. Martingale Asset Management L P raised its position in shares of Seacor by 15.6% in the fourth quarter. Martingale Asset Management L P now owns 5,200 shares of the oil and gas company’s stock valued at $225,000 after purchasing an additional 700 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Seacor by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 139,721 shares of the oil and gas company’s stock valued at $6,029,000 after purchasing an additional 742 shares during the period. 89.73% of the stock is currently owned by institutional investors.

About Seacor

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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