Zacks Investment Research Downgrades Seacor (NYSE:CKH) to Hold

Seacor (NYSE:CKH) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Thursday, Zacks.com reports.

According to Zacks, “SEACOR Holdings Inc. is a diversified holding company principally focused on domestic and international transportation, logistics, and risk management consultancy. SEACOR provides its customers with highly responsive services focused on innovative technology, modern efficient equipment, and dedicated, highly trained professionals. As the parent company of a global, diversified family of companies, SEACOR has the ability to utilize its subsidiaries’ assets to provide customers with the highest level of service within the industries in which it operates. SEACOR also maintains strategic joint venture arrangements in various geographic locations around the world, enhancing its existing business lines while satisfying specific customer requirements with resources such as logistical support, assets, and personnel. SEACOR engages in the operation of a fleet of offshore vessels in the U.S. Gulf of Mexico, the North Sea, West Africa, Asia, Latin America and other regions. “

Other research analysts also recently issued reports about the company. ValuEngine raised Seacor from a “sell” rating to a “hold” rating in a report on Friday, July 19th. TheStreet downgraded Seacor from a “b-” rating to a “c+” rating in a report on Monday, June 3rd.

CKH stock traded down $1.06 during midday trading on Thursday, reaching $45.61. 53,085 shares of the stock were exchanged, compared to its average volume of 81,356. The company has a market cap of $883.72 million, a PE ratio of 25.20 and a beta of 0.85. Seacor has a 52 week low of $34.63 and a 52 week high of $53.68. The company has a quick ratio of 1.81, a current ratio of 1.84 and a debt-to-equity ratio of 0.40. The firm has a fifty day moving average of $46.86.

Seacor (NYSE:CKH) last issued its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.32. The business had revenue of $197.02 million for the quarter, compared to analyst estimates of $214.72 million. Seacor had a return on equity of 4.71% and a net margin of 4.12%. As a group, sell-side analysts expect that Seacor will post 1.99 EPS for the current year.

Institutional investors have recently modified their holdings of the stock. Quantamental Technologies LLC increased its position in Seacor by 234.9% in the 1st quarter. Quantamental Technologies LLC now owns 998 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 700 shares in the last quarter. Royal London Asset Management Ltd. bought a new stake in Seacor in the 1st quarter valued at about $65,000. Meeder Asset Management Inc. increased its position in Seacor by 301.5% in the 1st quarter. Meeder Asset Management Inc. now owns 2,417 shares of the oil and gas company’s stock valued at $102,000 after buying an additional 1,815 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Seacor by 128.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,331 shares of the oil and gas company’s stock valued at $183,000 after buying an additional 2,435 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in Seacor by 352.9% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,403 shares of the oil and gas company’s stock valued at $200,000 after buying an additional 4,210 shares in the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.

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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