Donald Smith & CO. Inc. lowered its position in Seacor Holdings, Inc. (NYSE:CKH) by 46.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 81,218 shares of the oil and gas company’s stock after selling 69,479 shares during the period. Donald Smith & CO. Inc. owned about 0.45% of Seacor worth $3,754,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Seacor by 8.3% in the 2nd quarter. State Street Corp now owns 506,570 shares of the oil and gas company’s stock valued at $17,371,000 after acquiring an additional 39,028 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Seacor by 64.7% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,260 shares of the oil and gas company’s stock valued at $289,000 after acquiring an additional 2,460 shares during the last quarter. Aperio Group LLC bought a new position in shares of Seacor in the 3rd quarter valued at about $278,000. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Seacor by 128.9% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 97,775 shares of the oil and gas company’s stock valued at $4,519,000 after acquiring an additional 55,065 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Seacor by 2,282.2% in the 4th quarter. Bank of Montreal Can now owns 2,811 shares of the oil and gas company’s stock valued at $129,000 after acquiring an additional 2,693 shares during the last quarter. 91.77% of the stock is owned by institutional investors.
In other Seacor news, CFO Bruce Weins sold 2,569 shares of Seacor stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $49.00, for a total value of $125,881.00. Following the completion of the transaction, the chief financial officer now owns 12,708 shares of the company’s stock, valued at $622,692. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Oivind Lorentzen sold 5,992 shares of Seacor stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $44.10, for a total transaction of $264,247.20. Following the completion of the transaction, the insider now directly owns 41,183 shares of the company’s stock, valued at approximately $1,816,170.30. The disclosure for this sale can be found here. Company insiders own 10.47% of the company’s stock.
Shares of Seacor Holdings, Inc. (NYSE CKH) traded down $0.03 on Wednesday, reaching $47.64. 102,913 shares of the company’s stock traded hands, compared to its average volume of 107,851. Seacor Holdings, Inc. has a 52 week low of $30.44 and a 52 week high of $51.59. The company has a current ratio of 2.46, a quick ratio of 2.43 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $863.61, a P/E ratio of 74.05 and a beta of 1.07.
Seacor (NYSE:CKH) last posted its quarterly earnings data on Tuesday, February 27th. The oil and gas company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.10. Seacor had a net margin of 9.48% and a return on equity of 1.54%. The business had revenue of $185.52 million during the quarter, compared to the consensus estimate of $171.23 million. research analysts anticipate that Seacor Holdings, Inc. will post 0.54 earnings per share for the current fiscal year.
CKH has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Seacor from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. ValuEngine raised shares of Seacor from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. TheStreet raised shares of Seacor from a “c” rating to a “b-” rating in a research report on Wednesday, February 28th. Finally, Stifel Nicolaus set a $50.00 price objective on shares of Seacor and gave the stock a “hold” rating in a research report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $48.67.
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Seacor 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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