SEACOR (CKH) Rating Lowered to C+ at TheStreet

SEACOR (NYSE:CKH) was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating in a report released on Tuesday.

Several other equities research analysts also recently issued reports on CKH. ValuEngine downgraded SEACOR from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised SEACOR from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Tuesday, May 1st. Finally, Stifel Nicolaus set a $54.00 price target on SEACOR and gave the company a “hold” rating in a research report on Thursday, April 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $52.67.

NYSE CKH opened at $52.20 on Tuesday. SEACOR has a fifty-two week low of $51.92 and a fifty-two week high of $52.51. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.65 and a current ratio of 2.67. The stock has a market cap of $946.17 million, a price-to-earnings ratio of 40.47 and a beta of 0.85.

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

In other news, Vice Chairman Oivind Lorentzen sold 5,992 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $44.10, for a total value of $264,247.20. Following the sale, the insider now directly owns 41,183 shares of the company’s stock, valued at $1,816,170.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Bruce Weins sold 16,819 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $48.50, for a total value of $815,721.50. Following the completion of 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. Company insiders own 10.47% of the company’s stock.

Several large investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its position in shares of SEACOR by 49.8% in the fourth quarter. Renaissance Technologies LLC now owns 532,100 shares of the oil and gas company’s stock valued at $24,594,000 after purchasing an additional 177,000 shares during the last quarter. Prudential Financial Inc. grew its position in SEACOR by 65.3% during the first 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 in the last quarter. Schwab Charles Investment Management Inc. grew its position in SEACOR by 2.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 169,637 shares of the oil and gas company’s stock worth $8,669,000 after buying an additional 4,695 shares in the last quarter. Principal Financial Group Inc. grew its position in 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 in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in SEACOR by 205.0% during the fourth 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 in the last quarter. 90.87% of the stock is currently owned by institutional investors.

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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