Great West Life Assurance Co. Can grew its position in Seacor Holdings, Inc. (NYSE:CKH) by 8.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 23,718 shares of the oil and gas company’s stock after buying an additional 1,800 shares during the period. Great West Life Assurance Co. Can’s holdings in Seacor were worth $1,003,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of CKH. Teacher Retirement System of Texas purchased a new stake in shares of Seacor in the first quarter valued at $254,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Seacor in the first quarter valued at $216,000. Texas Permanent School Fund raised its stake in shares of Seacor by 4.3% in the first quarter. Texas Permanent School Fund now owns 11,709 shares of the oil and gas company’s stock valued at $495,000 after acquiring an additional 485 shares during the period. Comerica Bank raised its stake in shares of Seacor by 2.8% in the first quarter. Comerica Bank now owns 16,941 shares of the oil and gas company’s stock valued at $747,000 after acquiring an additional 467 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Seacor by 1.2% in the first quarter. Rhumbline Advisers now owns 55,070 shares of the oil and gas company’s stock valued at $2,328,000 after acquiring an additional 670 shares during the period. 91.35% of the stock is owned by institutional investors and hedge funds.
In related news, Vice Chairman Oivind Lorentzen sold 5,992 shares of Seacor stock in a transaction on Friday, March 29th. The shares were sold at an average price of $42.51, for a total value of $254,719.92. Following the sale, the insider now owns 41,933 shares of the company’s stock, valued at approximately $1,782,571.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.27% of the stock is currently owned by company insiders.
Shares of NYSE CKH opened at $43.00 on Friday. The company has a market cap of $782.13 million, a PE ratio of 23.76 and a beta of 0.80. Seacor Holdings, Inc. has a 12 month low of $34.63 and a 12 month high of $57.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.42 and a current ratio of 2.45.
Seacor (NYSE:CKH) last issued its quarterly earnings data on Wednesday, April 24th. The oil and gas company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. The business had revenue of $209.52 million for the quarter, compared to analysts’ expectations of $195.53 million. Seacor had a net margin of 7.58% and a return on equity of 3.84%. As a group, analysts forecast that Seacor Holdings, Inc. will post 1.89 EPS for the current fiscal year.
A number of research analysts have recently commented on CKH shares. Zacks Investment Research upgraded shares of Seacor from a “hold” rating to a “strong-buy” rating and set a $49.00 price target on the stock in a report on Wednesday, March 6th. TheStreet lowered shares of Seacor from a “b-” rating to a “c+” rating in a research report on Monday, June 3rd. Finally, ValuEngine lowered shares of Seacor from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st.
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Seacor Company Profile
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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