Perennial Advisors LLC boosted its position in Seacor Holdings, Inc. (NYSE:CKH) by 595.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 28,674 shares of the oil and gas company’s stock after acquiring an additional 24,550 shares during the period. Perennial Advisors LLC owned 0.15% of Seacor worth $1,212,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Seacor by 2.6% in the third quarter. Vanguard Group Inc. now owns 1,666,627 shares of the oil and gas company’s stock worth $82,349,000 after purchasing an additional 42,815 shares during the last quarter. Vanguard Group Inc increased its position in shares of Seacor by 2.6% in the third quarter. Vanguard Group Inc now owns 1,666,627 shares of the oil and gas company’s stock worth $82,349,000 after purchasing an additional 42,815 shares during the last quarter. Royce & Associates LP increased its position in shares of Seacor by 7.7% in the fourth quarter. Royce & Associates LP now owns 1,420,797 shares of the oil and gas company’s stock worth $52,569,000 after purchasing an additional 101,134 shares during the last quarter. Norges Bank bought a new position in shares of Seacor in the fourth quarter worth approximately $8,295,000. Finally, Geode Capital Management LLC increased its position in shares of Seacor by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 201,802 shares of the oil and gas company’s stock worth $7,466,000 after purchasing an additional 10,030 shares during the last quarter. Institutional investors and hedge funds own 92.89% of the company’s stock.
CKH has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Seacor from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Wednesday, February 20th. ValuEngine raised Seacor from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Finally, TheStreet raised Seacor from a “c+” rating to a “b-” rating in a research note on Friday, May 3rd.
In other Seacor news, Vice Chairman Oivind Lorentzen sold 5,992 shares of the company’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $42.51, for a total value of $254,719.92. Following the completion of the sale, the insider now owns 41,933 shares of the company’s stock, valued at $1,782,571.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.27% of the stock is owned by corporate insiders.
CKH traded up $0.61 during midday trading on Friday, hitting $42.77. The stock had a trading volume of 68,700 shares, compared to its average volume of 65,134. The firm has a market cap of $792.81 million, a P/E ratio of 23.63 and a beta of 0.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.45 and a quick ratio of 2.42. Seacor Holdings, Inc. has a 1 year low of $34.63 and a 1 year high of $57.95.
Seacor (NYSE:CKH) last issued its earnings results on Wednesday, April 24th. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.06. The business had revenue of $209.52 million during the quarter, compared to analyst estimates of $195.53 million. Seacor had a return on equity of 3.84% and a net margin of 7.58%. On average, equities analysts anticipate that Seacor Holdings, Inc. will post 1.89 earnings per share for the current year.
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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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