SG Americas Securities LLC purchased a new position in Seacor Holdings, Inc. (NYSE:CKH) during the third quarter, HoldingsChannel.com reports. The fund purchased 2,481 shares of the oil and gas company’s stock, valued at approximately $117,000.
A number of other institutional investors have also recently made changes to their positions in the business. California Public Employees Retirement System grew its holdings in Seacor by 14.2% in the 3rd quarter. California Public Employees Retirement System now owns 45,681 shares of the oil and gas company’s stock worth $2,150,000 after acquiring an additional 5,663 shares during the last quarter. State of Tennessee Treasury Department boosted its stake in shares of Seacor by 147.8% during the 3rd quarter. State of Tennessee Treasury Department now owns 16,802 shares of the oil and gas company’s stock valued at $791,000 after purchasing an additional 10,022 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Seacor by 6.7% during the 3rd 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. Campbell & CO Investment Adviser LLC bought a new stake in shares of Seacor during the 3rd quarter valued at about $335,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of Seacor by 126.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 13,425 shares of the oil and gas company’s stock valued at $631,000 after purchasing an additional 7,504 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Charles Fabrikant sold 27,001 shares of Seacor stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $47.35, for a total transaction of $1,278,497.35. Following the completion of the transaction, the chief executive officer now directly owns 521,809 shares of the company’s stock, valued at approximately $24,707,656.15. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Eric Fabrikant sold 6,984 shares of Seacor stock in a transaction dated 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 of the company’s stock, valued at $3,878,398.08. The disclosure for this sale can be found here. Insiders have sold a total of 63,085 shares of company stock worth $3,016,797 in the last ninety days. Insiders own 10.47% of the company’s stock.
CKH has been the topic of a number of research reports. ValuEngine lowered shares of Seacor from a “hold” rating to a “sell” rating in a research note on Monday, November 25th. Zacks Investment Research lowered shares of Seacor from a “hold” rating to a “strong sell” rating in a research note on Friday, November 1st.
Shares of CKH opened at $42.34 on Monday. The firm’s 50-day moving average price is $44.06 and its 200-day moving average price is $45.61. The firm has a market capitalization of $854.39 million, a price-to-earnings ratio of 23.39 and a beta of 0.80. 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 Holdings, Inc. has a 1-year low of $34.63 and a 1-year high of $51.42.
Seacor (NYSE:CKH) last announced its earnings results on Monday, October 28th. The oil and gas company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.17). The company had revenue of $200.66 million for the quarter, compared to the consensus estimate of $201.84 million. Seacor had a net margin of 2.92% and a return on equity of 3.69%. On average, research analysts forecast that Seacor Holdings, Inc. will post 1.77 EPS for the current fiscal year.
About Seacor
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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