SEACOR Holdings, Inc. (NYSE:CKH) CFO Bruce Weins sold 800 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $50.50, for a total value of $40,400.00. Following the completion of the transaction, the chief financial officer now owns 13,360 shares of the company’s stock, valued at $674,680. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
SEACOR Holdings, Inc. (NYSE:CKH) opened at $49.27 on Tuesday. SEACOR Holdings, Inc. has a 12-month low of $26.87 and a 12-month high of $51.59. The company has a quick ratio of 2.07, a current ratio of 2.09 and a debt-to-equity ratio of 0.89.
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A number of large investors have recently added to or reduced their stakes in CKH. Vanguard Group Inc. boosted its position in SEACOR Holdings by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 1,445,167 shares of the oil and gas company’s stock worth $99,991,000 after acquiring an additional 37,960 shares during the last quarter. BlackRock Inc. boosted its position in SEACOR Holdings by 42,596.9% during the 1st quarter. BlackRock Inc. now owns 2,024,259 shares of the oil and gas company’s stock worth $140,058,000 after acquiring an additional 2,019,518 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in SEACOR Holdings by 10.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 167,330 shares of the oil and gas company’s stock worth $11,578,000 after acquiring an additional 15,303 shares during the last quarter. State Street Corp boosted its position in SEACOR Holdings by 2.4% during the 1st quarter. State Street Corp now owns 467,542 shares of the oil and gas company’s stock worth $32,354,000 after acquiring an additional 10,778 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of SEACOR Holdings by 80.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,226 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 1,436 shares in the last quarter. 89.88% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on CKH shares. Credit Suisse Group upped their price target on SEACOR Holdings from $36.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. TheStreet raised SEACOR Holdings from a “d+” rating to a “c-” rating in a research report on Tuesday, November 7th. Zacks Investment Research raised SEACOR Holdings from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Wednesday, November 8th. Finally, Stifel Nicolaus downgraded SEACOR Holdings from a “buy” rating to a “hold” rating and upped their price target for the stock from $40.00 to $53.00 in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $50.33.
About SEACOR Holdings
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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