Seacor Holdings, Inc. (CKH) Receives Consensus Recommendation of “Hold” from Analysts

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Shares of Seacor Holdings, Inc. (NYSE:CKH) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Analysts have set a one year consensus price objective of $54.00 for the company and are forecasting that the company will post ($0.06) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Seacor an industry rank of 179 out of 255 based on the ratings given to its competitors.

Several research analysts have commented on the company. ValuEngine downgraded Seacor from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Stifel Nicolaus set a $54.00 price target on Seacor and gave the stock a “hold” rating in a research report on Thursday, April 12th. 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, TheStreet raised Seacor from a “c” rating to a “b-” rating in a research report on Wednesday, February 28th.

Shares of NYSE CKH opened at $52.88 on Monday. The company has a current ratio of 2.67, a quick ratio of 2.65 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $945.08 million, a price-to-earnings ratio of 40.99 and a beta of 0.85. Seacor has a 12 month low of $30.44 and a 12 month high of $59.00.

Seacor (NYSE:CKH) last issued its quarterly earnings results on Wednesday, April 25th. The oil and gas company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The company had revenue of $184.82 million for the quarter, compared to the consensus estimate of $173.10 million. Seacor had a return on equity of 1.61% and a net margin of 9.03%. research analysts forecast 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 business’s stock in a transaction that occurred on Friday, March 2nd. The stock was 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 in the company, valued at $1,816,170.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Bruce Weins sold 16,819 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $48.50, for a total value of $815,721.50. Following the sale, the chief financial officer now 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.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of 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 valued at $6,575,000 after purchasing an additional 3,053 shares during the period. WINTON GROUP Ltd acquired a new stake in Seacor in the 1st quarter valued at $250,000. Legal & General Group Plc boosted its stake in Seacor by 3.2% in the 1st quarter. Legal & General Group Plc now owns 33,833 shares of the oil and gas company’s stock valued at $1,721,000 after buying an additional 1,055 shares in the last quarter. Millennium Management LLC boosted its stake in Seacor by 213.9% in the 1st quarter. Millennium Management LLC now owns 89,137 shares of the oil and gas company’s stock valued at $4,555,000 after buying an additional 60,741 shares in the last quarter. Finally, Element Capital Management LLC acquired a new stake in Seacor in the 1st quarter valued at $357,000. Institutional investors and hedge funds own 89.04% of the company’s stock.

Seacor Company Profile

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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