TheStreet Lowers SEACOR (CKH) to C+

TheStreet lowered shares of SEACOR (NYSE:CKH) from a b- rating to a c+ rating in a research note published on Tuesday.

Several other research firms have also weighed in on CKH. ValuEngine upgraded shares of SEACOR from a strong sell rating to a sell rating in a research note on Friday, April 13th. Stifel Nicolaus set a $54.00 price objective on shares of SEACOR and gave the stock a hold rating in a research note on Thursday, April 12th. Finally, Zacks Investment Research upgraded shares of SEACOR from a hold rating to a buy rating and set a $61.00 price objective on the stock in a research note on Tuesday, May 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $52.67.

SEACOR stock opened at $53.19 on Tuesday. The stock has a market cap of $946.17 million, a PE ratio of 41.23 and a beta of 0.85. SEACOR has a fifty-two week low of $51.92 and a fifty-two week high of $52.51. The company has a current ratio of 2.67, a quick ratio of 2.65 and a debt-to-equity ratio of 0.65.

SEACOR (NYSE:CKH) last released its quarterly earnings data on Wednesday, April 25th. The oil and gas company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $184.82 million for the quarter, compared to analyst estimates of $173.10 million. SEACOR had a net margin of 9.03% and a return on equity of 1.61%. research analysts expect that SEACOR will post 0.92 EPS for the current fiscal year.

In related news, 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 transaction of $264,247.20. Following the completion of the sale, the insider now owns 41,183 shares of the company’s stock, valued at approximately $1,816,170.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $815,721.50. Following the sale, the chief financial officer now directly owns 12,503 shares of the company’s stock, valued at approximately $606,395.50. The disclosure for this sale can be found here. 10.47% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in CKH. Renaissance Technologies LLC boosted its holdings in shares of SEACOR by 49.8% during the 4th quarter. Renaissance Technologies LLC now owns 532,100 shares of the oil and gas company’s stock worth $24,594,000 after buying an additional 177,000 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of SEACOR by 205.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 108,137 shares of the oil and gas company’s stock worth $4,998,000 after buying an additional 72,678 shares during the period. Prudential Financial Inc. boosted its holdings in shares of SEACOR by 65.3% during the 1st quarter. Prudential Financial Inc. now owns 174,074 shares of the oil and gas company’s stock worth $8,895,000 after buying an additional 68,761 shares during the period. Millennium Management LLC boosted its holdings in shares of SEACOR by 213.9% during the 1st 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. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of SEACOR by 128.9% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 97,775 shares of the oil and gas company’s stock worth $4,519,000 after buying an additional 55,065 shares during the period. 90.87% of the stock is owned by institutional investors and hedge funds.

About SEACOR

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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