State of Tennessee Treasury Department lowered its stake in Seacor Holdings, Inc. (NYSE:CKH) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,197 shares of the oil and gas company’s stock after selling 1,437 shares during the period. State of Tennessee Treasury Department owned 0.07% of Seacor worth $610,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in Seacor by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,486,364 shares of the oil and gas company’s stock worth $68,536,000 after acquiring an additional 13,634 shares during the period. State Street Corp grew its holdings in Seacor by 8.3% during the 2nd quarter. State Street Corp now owns 506,570 shares of the oil and gas company’s stock worth $17,371,000 after acquiring an additional 39,028 shares during the period. Walthausen & Co. LLC grew its holdings in Seacor by 377.9% during the 3rd quarter. Walthausen & Co. LLC now owns 464,702 shares of the oil and gas company’s stock worth $21,427,000 after acquiring an additional 367,465 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Seacor by 0.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 164,942 shares of the oil and gas company’s stock worth $7,624,000 after acquiring an additional 1,045 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Seacor by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 125,430 shares of the oil and gas company’s stock worth $5,784,000 after acquiring an additional 1,288 shares during the period. 91.80% of the stock is owned by institutional investors and hedge funds.
Shares of CKH stock traded down $0.72 on Friday, hitting $54.26. The stock had a trading volume of 74,827 shares, compared to its average volume of 127,340. The firm has a market capitalization of $973.59, a price-to-earnings ratio of 42.06 and a beta of 0.85. Seacor Holdings, Inc. has a twelve month low of $30.44 and a twelve month high of $55.18. The company has a quick ratio of 2.43, a current ratio of 2.46 and a debt-to-equity ratio of 0.67.
Seacor (NYSE:CKH) last posted its quarterly earnings data on Tuesday, February 27th. The oil and gas company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.32 by $0.10. The business had revenue of $185.52 million for the quarter, compared to analysts’ expectations of $171.23 million. Seacor had a net margin of 9.48% and a return on equity of 1.54%. research analysts expect that Seacor Holdings, Inc. will post 0.54 earnings per share for the current year.
In other Seacor news, Vice Chairman Oivind Lorentzen sold 5,992 shares of the business’s 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 sale, the insider now directly 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 available at this link. Also, CFO Bruce Weins sold 16,819 shares of the business’s 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 in the company, valued at $606,395.50. The disclosure for this sale can be found here. Insiders own 10.47% of the company’s stock.
A number of analysts have commented on the stock. ValuEngine raised shares of Seacor from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. TheStreet raised shares of Seacor from a “c” rating to a “b-” rating in a report on Wednesday, February 28th. Stifel Nicolaus set a $50.00 price target on shares of Seacor and gave the company a “hold” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research lowered shares of Seacor from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $48.67.
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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.
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