Shares of Seacor Holdings, Inc. (NYSE:CKH) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a 12-month consensus price objective of $50.00 for the company and are forecasting 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 170 out of 265 based on the ratings given to related companies.
Several analysts have issued reports on the company. ValuEngine raised Seacor from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Zacks Investment Research raised Seacor from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Wednesday, January 3rd. Stifel Nicolaus set a $50.00 price target on Seacor and gave the company a “hold” rating in a research note on Thursday, March 1st. Finally, TheStreet raised Seacor from a “c” rating to a “b-” rating in a research note on Wednesday, February 28th.
Seacor (NYSE:CKH) last issued its quarterly earnings data on Tuesday, February 27th. The oil and gas company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $185.52 million for the quarter, compared to the consensus estimate of $171.23 million. analysts predict that Seacor will post 0.54 EPS for the current fiscal year.
In other Seacor news, CFO Bruce Weins sold 16,819 shares of Seacor stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $48.50, for a total value of $815,721.50. Following the sale, the chief financial officer now owns 12,503 shares of the company’s stock, valued at approximately $606,395.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Oivind Lorentzen sold 5,992 shares of Seacor stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $44.10, for a total value of $264,247.20. Following the completion of the sale, the insider now directly owns 41,183 shares in the company, valued at approximately $1,816,170.30. The disclosure for this sale can be found here. Company insiders own 10.47% of the company’s stock.
Several large investors have recently added to or reduced their stakes in CKH. Prudential Financial Inc. increased its position in shares of Seacor by 9.2% in the third quarter. Prudential Financial Inc. now owns 30,169 shares of the oil and gas company’s stock valued at $1,391,000 after acquiring an additional 2,540 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Seacor by 1.0% in the third quarter. Principal Financial Group Inc. now owns 125,430 shares of the oil and gas company’s stock valued at $5,784,000 after acquiring an additional 1,288 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Seacor by 78.9% in the third quarter. BNP Paribas Arbitrage SA now owns 9,147 shares of the oil and gas company’s stock valued at $422,000 after acquiring an additional 4,033 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Seacor by 64.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,260 shares of the oil and gas company’s stock valued at $289,000 after acquiring an additional 2,460 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Seacor in the third quarter valued at about $241,000. 91.80% of the stock is currently owned by institutional investors and hedge funds.
Seacor Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Seacor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seacor and related companies with MarketBeat.com's FREE daily email newsletter.