Stifel Nicolaus set a $40.00 price target on SEACOR Holdings, Inc. (NYSE:CKH) in a research report sent to investors on Monday, August 7th. The brokerage currently has a buy rating on the oil and gas company’s stock.
CKH has been the topic of a number of other reports. ValuEngine cut shares of SEACOR Holdings from a hold rating to a sell rating in a research note on Friday, May 26th. Zacks Investment Research raised shares of SEACOR Holdings from a hold rating to a buy rating and set a $76.00 price objective on the stock in a research note on Wednesday, April 26th.
Shares of SEACOR Holdings (NYSE:CKH) traded up 0.98% during trading on Monday, reaching $36.14. 73,864 shares of the company’s stock were exchanged. The stock’s market capitalization is $640.76 million. SEACOR Holdings has a 52 week low of $31.90 and a 52 week high of $76.32. The stock has a 50 day moving average price of $35.42 and a 200-day moving average price of $54.60.
In other SEACOR Holdings news, Vice Chairman Oivind Lorentzen sold 53,208 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $36.37, for a total transaction of $1,935,174.96. Following the sale, the insider now directly owns 72,934 shares of the company’s stock, valued at approximately $2,652,609.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.47% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new stake in SEACOR Holdings during the second quarter valued at about $644,000. Walthausen & Co. LLC bought a new stake in SEACOR Holdings during the second quarter valued at about $3,335,000. The Manufacturers Life Insurance Company boosted its stake in SEACOR Holdings by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 13,083 shares of the oil and gas company’s stock valued at $449,000 after buying an additional 788 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in SEACOR Holdings during the second quarter valued at about $263,000. Finally, State Street Corp boosted its stake in SEACOR Holdings by 8.3% in the second quarter. State Street Corp now owns 506,570 shares of the oil and gas company’s stock valued at $17,371,000 after buying an additional 39,028 shares in the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.
SEACOR Holdings Company Profile
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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