Brokerages Set $53.00 Price Target for Seacor Holdings, Inc. (CKH)

Shares of Seacor Holdings, Inc. (NYSE:CKH) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokerages have set a 12 month consensus price objective of $53.00 for the company and are predicting that the company will post $0.54 EPS for the current quarter, according to Zacks. Zacks has also assigned Seacor an industry rank of 178 out of 257 based on the ratings given to related companies.

Several brokerages recently weighed in on CKH. Zacks Investment Research lowered Seacor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 2nd. TheStreet upgraded Seacor from a “c+” rating to a “b” rating in a research report on Wednesday, August 1st.

In related news, insider Charles Fabrikant sold 51,432 shares of the stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $50.19, for a total value of $2,581,372.08. Following the completion of the transaction, the insider now directly owns 492,937 shares in the company, valued at $24,740,508.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 10.47% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CKH. Millennium Management LLC boosted its position in shares of Seacor by 213.9% during the first quarter. Millennium Management LLC now owns 89,137 shares of the oil and gas company’s stock worth $4,555,000 after buying an additional 60,741 shares during the period. Legal & General Group Plc boosted its position in shares of Seacor by 3.2% during the first quarter. Legal & General Group Plc now owns 33,833 shares of the oil and gas company’s stock worth $1,721,000 after buying an additional 1,055 shares during the period. Principal Financial Group Inc. boosted its position in shares of Seacor by 2.4% during the first quarter. Principal Financial Group Inc. now owns 128,672 shares of the oil and gas company’s stock worth $6,575,000 after buying an additional 3,053 shares during the period. Capital One National Association purchased a new position in shares of Seacor during the second quarter worth $1,912,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Seacor during the second quarter worth $2,321,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

NYSE:CKH opened at $49.00 on Friday. Seacor has a one year low of $40.59 and a one year high of $59.00. The company has a quick ratio of 2.05, a current ratio of 2.07 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $927.30 million, a P/E ratio of 37.98 and a beta of 0.64.

Seacor (NYSE:CKH) last posted its quarterly earnings results on Tuesday, October 23rd. The oil and gas company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.52 by $0.30. The firm had revenue of $220.26 million during the quarter, compared to analysts’ expectations of $222.45 million. Seacor had a return on equity of 3.88% and a net margin of 16.80%. As a group, equities research analysts anticipate that Seacor will post 1.98 earnings per share for the current year.

Seacor Company Profile

SEACOR Holdings Inc, a diversified holding company, engages in transportation, and logistics and risk management consultancy businesses in the United States and internationally. The company's Ocean Transportation & Logistics Services segment owns and operates a diversified fleet of marine transportation, and towing and bunkering assets.

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