Seacor (NYSE:CKH) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Seacor (NYSE:CKH) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning, 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. “

Separately, Stifel Nicolaus cut their price target on Seacor from $53.00 to $50.00 and set a buy rating on the stock in a report on Thursday, April 30th.

Shares of NYSE CKH opened at $28.27 on Tuesday. The company has a market cap of $533.34 million, a price-to-earnings ratio of 26.92 and a beta of 0.90. Seacor has a 12-month low of $22.23 and a 12-month high of $51.42. The company has a current ratio of 1.79, a quick ratio of 1.77 and a debt-to-equity ratio of 0.44. The stock’s 50 day simple moving average is $27.95 and its 200 day simple moving average is $33.04.

Seacor (NYSE:CKH) last announced its quarterly earnings results on Tuesday, April 28th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.05). The company had revenue of $192.30 million during the quarter, compared to the consensus estimate of $188.95 million. Seacor had a return on equity of 2.45% and a net margin of 2.62%. As a group, equities analysts forecast that Seacor will post 0.88 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in CKH. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 acquiring an additional 924 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Seacor by 1,247.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 2,830 shares of the oil and gas company’s stock worth $76,000 after buying an additional 2,620 shares in the last quarter. First Mercantile Trust Co. raised its stake in shares of Seacor by 37.2% in the 1st quarter. First Mercantile Trust Co. now owns 3,138 shares of the oil and gas company’s stock worth $85,000 after buying an additional 850 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Seacor in the 4th quarter worth $154,000. Finally, SG Americas Securities LLC raised its stake in shares of Seacor by 45.9% in the 1st quarter. SG Americas Securities LLC now owns 6,375 shares of the oil and gas company’s stock worth $172,000 after buying an additional 2,007 shares in the last quarter. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

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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