Convergence Investment Partners LLC purchased a new stake in SEACOR Holdings, Inc. (NYSE:CKH) during the second quarter, Holdings Channel reports. The firm purchased 13,575 shares of the oil and gas company’s stock, valued at approximately $466,000.

Other hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in SEACOR Holdings by 80.2% in the second quarter. State of Alaska Department of Revenue now owns 3,226 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 1,436 shares during the period. Tower Research Capital LLC TRC raised its stake in SEACOR Holdings by 266.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,665 shares of the oil and gas company’s stock valued at $115,000 after buying an additional 1,211 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in SEACOR Holdings by 3.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,800 shares of the oil and gas company’s stock valued at $130,000 after buying an additional 120 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in SEACOR Holdings during the first quarter valued at about $155,000. Finally, SG Americas Securities LLC raised its stake in SEACOR Holdings by 6.1% in the first quarter. SG Americas Securities LLC now owns 2,432 shares of the oil and gas company’s stock valued at $168,000 after buying an additional 140 shares during the period. 92.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SEACOR Holdings, Inc. (CKH) opened at 35.79 on Friday. The firm’s 50-day moving average is $35.36 and its 200 day moving average is $54.86. SEACOR Holdings, Inc. has a 52-week low of $31.90 and a 52-week high of $76.32. The company’s market capitalization is $634.56 million.

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Several analysts have issued reports on CKH shares. Stifel Nicolaus set a $40.00 price target on shares of SEACOR Holdings and gave the stock a “buy” rating in a research report on Monday, August 7th. Zacks Investment Research raised shares of SEACOR Holdings from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Tuesday, June 13th. Finally, ValuEngine lowered shares of SEACOR Holdings from a “hold” rating to a “sell” rating in a research report on Friday, May 26th.

In other SEACOR Holdings news, Vice Chairman Oivind Lorentzen sold 53,208 shares of SEACOR Holdings stock in a transaction on Friday, June 9th. The shares were sold at an average price of $36.37, for a total transaction of $1,935,174.96. Following the transaction, the insider now directly owns 72,934 shares of the company’s stock, valued at approximately $2,652,609.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.47% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for SEACOR Holdings (NYSE:CKH)

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