Trexquant Investment LP purchased a new position in Seacor Holdings, Inc. (NYSE:CKH) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,929 shares of the oil and gas company’s stock, valued at approximately $354,000.
Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Seacor during the 1st quarter valued at about $127,000. Bank of Montreal Can increased its position in Seacor by 2,282.2% during 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 purchasing an additional 2,693 shares during the period. Paloma Partners Management Co purchased a new position in Seacor during the 4th quarter valued at about $234,000. Teacher Retirement System of Texas purchased a new position in Seacor during the 4th quarter valued at about $263,000. Finally, MetLife Investment Advisors LLC purchased a new position in Seacor during the 4th quarter valued at about $369,000. 89.04% of the stock is currently owned by institutional investors.
NYSE CKH opened at $52.28 on Thursday. The company has a current ratio of 2.67, a quick ratio of 2.65 and a debt-to-equity ratio of 0.65. Seacor Holdings, Inc. has a one year low of $30.44 and a one year high of $59.00. The stock has a market cap of $969.25 million, a price-to-earnings ratio of 40.53 and a beta of 0.85.
Seacor (NYSE:CKH) last announced its quarterly earnings data on Wednesday, April 25th. The oil and gas company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. Seacor had a net margin of 9.03% and a return on equity of 1.61%. The business had revenue of $184.82 million during the quarter, compared to analysts’ expectations of $173.10 million. equities research analysts expect that Seacor Holdings, Inc. will post 0.92 EPS for the current year.
In related news, CFO Bruce Weins sold 16,819 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 12,503 shares in the company, valued at approximately $606,395.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Oivind Lorentzen sold 5,992 shares of the business’s 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 owns 41,183 shares of the company’s stock, valued at $1,816,170.30. The disclosure for this sale can be found here. Insiders own 10.27% of the company’s stock.
A number of research analysts have commented on CKH shares. ValuEngine downgraded shares of Seacor from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. TheStreet raised shares of Seacor from a “c” rating to a “b-” rating in a research report on Wednesday, February 28th. Stifel Nicolaus set a $50.00 target price on shares of Seacor and gave the company a “hold” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research raised shares of Seacor from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Tuesday, May 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $52.67.
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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