Seacor (NYSE:CKH) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, January 7th, ValuEngine reports.
Several other research firms also recently weighed in on CKH. Zacks Investment Research upgraded Seacor from a “strong sell” rating to a “hold” rating in a research report on Monday, January 6th. Stifel Nicolaus upgraded Seacor from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Thursday, January 2nd.
Shares of CKH stock opened at $39.46 on Tuesday. The company has a market capitalization of $829.37 million, a P/E ratio of 32.08 and a beta of 0.80. The business’s 50 day moving average is $42.38 and its two-hundred day moving average is $45.08. The company has a current ratio of 1.44, a quick ratio of 1.41 and a debt-to-equity ratio of 0.44. Seacor has a 12-month low of $39.11 and a 12-month high of $51.42.
Seacor (NYSE:CKH) last issued its quarterly earnings results on Monday, October 28th. The oil and gas company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.17). The business had revenue of $200.66 million for the quarter, compared to analysts’ expectations of $201.84 million. Seacor had a return on equity of 3.69% and a net margin of 2.92%. On average, research analysts predict that Seacor will post 1.75 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC acquired a new stake in shares of Seacor in the second quarter valued at approximately $5,836,000. Marshall Wace LLP acquired a new stake in shares of Seacor in the second quarter valued at approximately $2,416,000. Renaissance Technologies LLC increased its holdings in shares of Seacor by 3.2% in the second quarter. Renaissance Technologies LLC now owns 1,213,100 shares of the oil and gas company’s stock valued at $57,634,000 after purchasing an additional 37,100 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Seacor by 2.1% in the second quarter. Vanguard Group Inc. now owns 1,770,030 shares of the oil and gas company’s stock valued at $84,094,000 after purchasing an additional 36,800 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Seacor by 19.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 103,577 shares of the oil and gas company’s stock valued at $4,469,000 after purchasing an additional 17,099 shares during the last quarter. Institutional investors and hedge funds own 84.36% of the company’s stock.
Seacor Company Profile
SEACOR Holdings Inc engages in transportation and logistics, risk management consultancy, and other businesses in the United States and internationally. The company operates through Ocean Transportation & Logistics Services, Inland Transportation & Logistics Services, Witt O’Brien’s, and Other segments.
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