BNP Paribas Arbitrage SA trimmed its holdings in shares of Seacor Holdings, Inc. (NYSE:CKH) by 40.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,344 shares of the oil and gas company’s stock after selling 3,570 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Seacor were worth $273,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of CKH. Schwab Charles Investment Management Inc. increased its holdings in Seacor by 0.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 164,942 shares of the oil and gas company’s stock valued at $7,624,000 after buying an additional 1,045 shares during the period. Teacher Retirement System of Texas acquired a new stake in Seacor in the fourth quarter valued at approximately $263,000. Arizona State Retirement System boosted its stake in Seacor by 227.5% in the fourth quarter. Arizona State Retirement System now owns 28,215 shares of the oil and gas company’s stock valued at $1,304,000 after acquiring an additional 19,599 shares in the last quarter. Rhumbline Advisers boosted its stake in Seacor by 14.9% in the fourth quarter. Rhumbline Advisers now owns 44,040 shares of the oil and gas company’s stock valued at $2,036,000 after acquiring an additional 5,716 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in 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 acquiring an additional 177,000 shares in the last quarter. 89.03% of the stock is currently owned by institutional investors.
In other Seacor news, COO Eric Fabrikant sold 4,988 shares of the firm’s stock in a transaction that occurred on Tuesday, June 19th. The shares were sold at an average price of $55.25, for a total value of $275,587.00. Following the completion of the sale, the chief operating officer now directly owns 53,572 shares in the company, valued at $2,959,853. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.27% of the stock is owned by company insiders.
Shares of CKH opened at $56.27 on Tuesday. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 43.54 and a beta of 0.86. Seacor Holdings, Inc. has a twelve month low of $33.35 and a twelve month high of $59.00. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.67 and a quick ratio of 2.65.
Seacor (NYSE:CKH) last announced 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. The company had revenue of $184.82 million during the quarter, compared to the consensus estimate of $173.10 million. Seacor had a net margin of 9.03% and a return on equity of 1.61%. equities analysts predict that Seacor Holdings, Inc. will post 1.6 earnings per share for the current fiscal year.
Several brokerages have weighed in on CKH. ValuEngine downgraded shares of Seacor from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Seacor from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Tuesday, May 1st. TheStreet downgraded shares of Seacor from a “b-” rating to a “c+” rating in a research note on Tuesday, May 15th. Finally, Stifel Nicolaus set a $54.00 target price on shares of Seacor and gave the company a “hold” rating in a research note on Thursday, April 12th. One equities research 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’s stock. Seacor has an average rating of “Hold” and an average target price of $52.67.
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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