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Seacor (NYSE:CKH) Rating Lowered to Sell at ValuEngine

Seacor (NYSE:CKH) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Monday, ValuEngine reports.

Separately, Zacks Investment Research downgraded shares of Seacor from a “hold” rating to a “strong sell” rating in a report on Friday, November 1st.

Shares of NYSE CKH opened at $42.00 on Monday. The company’s fifty day moving average price is $44.27 and its 200 day moving average price is $45.64. Seacor has a 1 year low of $34.63 and a 1 year high of $51.42. The company has a market capitalization of $827.35 million, a PE ratio of 23.20 and a beta of 0.77. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.41 and a current ratio of 1.44.

Seacor (NYSE:CKH) last announced its quarterly earnings results on Monday, October 28th. The oil and gas company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.17). Seacor had a return on equity of 3.69% and a net margin of 2.92%. The firm had revenue of $200.66 million for the quarter, compared to analysts’ expectations of $201.84 million. On average, equities analysts expect that Seacor will post 1.77 EPS for the current year.

In other Seacor news, CEO Charles Fabrikant sold 24,100 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $47.34, for a total transaction of $1,140,894.00. Following the transaction, the chief executive officer now directly owns 521,809 shares of the company’s stock, valued at $24,702,438.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Eric Fabrikant sold 6,984 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $50.28, for a total transaction of $351,155.52. Following the transaction, the chief operating officer now directly owns 77,136 shares in the company, valued at $3,878,398.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,085 shares of company stock worth $3,016,797. Insiders own 10.47% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Seacor by 2.1% during 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Seacor by 1.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,232,112 shares of the oil and gas company’s stock valued at $58,538,000 after purchasing an additional 15,791 shares in the last quarter. Rhumbline Advisers lifted its holdings in Seacor by 6.7% during the third quarter. Rhumbline Advisers now owns 60,922 shares of the oil and gas company’s stock valued at $2,868,000 after purchasing an additional 3,845 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in Seacor during the second quarter valued at $225,000. Finally, Acadian Asset Management LLC lifted its holdings in Seacor by 18.4% during the second quarter. Acadian Asset Management LLC now owns 53,616 shares of the oil and gas company’s stock valued at $2,548,000 after purchasing an additional 8,320 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

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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