Seacor (NYSE:CKH) Stock Rating Upgraded by Zacks Investment Research

Seacor (NYSE:CKH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Zacks.com reports. The brokerage currently has a $51.00 target price on the oil and gas company’s stock. Zacks Investment Research‘s price target points to a potential upside of 7.64% from the company’s current price.

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. “

Separately, ValuEngine raised shares of Seacor from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

CKH stock opened at $47.38 on Thursday. The firm has a 50 day moving average of $47.40 and a 200-day moving average of $45.55. The company has a current ratio of 1.84, a quick ratio of 1.81 and a debt-to-equity ratio of 0.40. Seacor has a 12 month low of $34.63 and a 12 month high of $51.42. The firm has a market capitalization of $951.86 million, a P/E ratio of 26.18 and a beta of 0.81.

Seacor (NYSE:CKH) last released its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.32. Seacor had a net margin of 4.12% and a return on equity of 4.71%. The company had revenue of $197.02 million during the quarter, compared to analyst estimates of $214.72 million. Sell-side analysts predict that Seacor will post 2.19 EPS for the current year.

In related news, CEO Charles Fabrikant sold 27,001 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $47.35, for a total value of $1,278,497.35. Following the sale, the chief executive officer now directly owns 521,809 shares of the company’s stock, valued at $24,707,656.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Eric Fabrikant sold 6,984 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $50.28, for a total transaction of $351,155.52. Following the completion of the sale, the chief operating officer now directly owns 77,136 shares in the company, valued at $3,878,398.08. The disclosure for this sale can be found here. Insiders sold 63,085 shares of company stock worth $3,016,797 over the last ninety days. 10.27% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Great West Life Assurance Co. Can raised its stake in shares of Seacor by 8.2% during the first quarter. Great West Life Assurance Co. Can now owns 23,718 shares of the oil and gas company’s stock worth $1,003,000 after acquiring an additional 1,800 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Seacor during the first quarter worth approximately $409,000. Hancock Whitney Corp raised its stake in shares of Seacor by 4.4% during the first quarter. Hancock Whitney Corp now owns 27,948 shares of the oil and gas company’s stock worth $1,182,000 after acquiring an additional 1,172 shares in the last quarter. Cove Street Capital LLC raised its stake in shares of Seacor by 25.0% during the first quarter. Cove Street Capital LLC now owns 25,000 shares of the oil and gas company’s stock worth $1,057,000 after acquiring an additional 5,000 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in shares of Seacor during the second quarter worth approximately $1,393,000. 84.57% of the stock is currently owned by institutional investors and hedge funds.

Seacor Company 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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