Adirondack Research & Management Inc. Has $1.40 Million Stock Position in Seacor Holdings, Inc. (NYSE:CKH)

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Adirondack Research & Management Inc. raised its holdings in Seacor Holdings, Inc. (NYSE:CKH) by 20.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 49,416 shares of the oil and gas company’s stock after acquiring an additional 8,412 shares during the period. Seacor accounts for 1.8% of Adirondack Research & Management Inc.’s portfolio, making the stock its 21st largest position. Adirondack Research & Management Inc.’s holdings in Seacor were worth $1,399,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Seacor by 100.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,846 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 924 shares in the last quarter. First Mercantile Trust Co. increased its holdings in Seacor by 37.2% during the 1st quarter. First Mercantile Trust Co. now owns 3,138 shares of the oil and gas company’s stock valued at $85,000 after purchasing an additional 850 shares in the last quarter. Bank of Montreal Can increased its holdings in Seacor by 81.3% during the 2nd quarter. Bank of Montreal Can now owns 4,675 shares of the oil and gas company’s stock valued at $122,000 after purchasing an additional 2,097 shares in the last quarter. SG Americas Securities LLC increased its holdings in Seacor by 45.9% during the 1st quarter. SG Americas Securities LLC now owns 6,375 shares of the oil and gas company’s stock valued at $172,000 after purchasing an additional 2,007 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in Seacor by 14.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,328 shares of the oil and gas company’s stock valued at $198,000 after purchasing an additional 928 shares in the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE CKH traded up $0.57 during midday trading on Friday, hitting $31.26. The stock had a trading volume of 51,900 shares, compared to its average volume of 59,895. The company’s 50-day simple moving average is $30.39 and its 200 day simple moving average is $29.33. The firm has a market cap of $635.83 million, a P/E ratio of 45.97 and a beta of 0.99. Seacor Holdings, Inc. has a fifty-two week low of $22.23 and a fifty-two week high of $51.42. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.88 and a quick ratio of 1.86.

Seacor (NYSE:CKH) last released its earnings results on Monday, July 27th. The oil and gas company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.24. The company had revenue of $172.59 million during the quarter, compared to analysts’ expectations of $191.26 million. Seacor had a return on equity of 1.70% and a net margin of 1.83%. Equities analysts expect that Seacor Holdings, Inc. will post 1.03 EPS for the current fiscal year.

Separately, Zacks Investment Research raised Seacor from a “hold” rating to a “strong-buy” rating and set a $33.00 target price for the company in a research note on Friday, July 31st.

About Seacor

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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Want to see what other hedge funds are holding CKH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seacor Holdings, Inc. (NYSE:CKH).

Institutional Ownership by Quarter for Seacor (NYSE:CKH)

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