Foundation Resource Management Inc. Sells 54,259 Shares of Seacor Holdings, Inc. (CKH)
Foundation Resource Management Inc. cut its holdings in shares of Seacor Holdings, Inc. (NYSE:CKH) by 25.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 157,334 shares of the oil and gas company’s stock after selling 54,259 shares during the period. Seacor makes up 1.3% of Foundation Resource Management Inc.’s holdings, making the stock its 23rd biggest holding. Foundation Resource Management Inc.’s holdings in Seacor were worth $7,272,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of CKH. Walthausen & Co. LLC increased its position in shares of Seacor by 377.9% during the third quarter. Walthausen & Co. LLC now owns 464,702 shares of the oil and gas company’s stock worth $21,427,000 after acquiring an additional 367,465 shares in the last quarter. Vanguard Group Inc. grew its position in Seacor by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,492,065 shares of the oil and gas company’s stock worth $51,177,000 after purchasing an additional 46,898 shares in the last quarter. State Street Corp grew its position in Seacor by 8.3% in the 2nd quarter. State Street Corp now owns 506,570 shares of the oil and gas company’s stock worth $17,371,000 after purchasing an additional 39,028 shares in the last quarter. Ursa Fund Management LLC bought a new stake in Seacor in the 2nd quarter worth about $719,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Seacor in the 2nd quarter worth about $644,000. 92.01% of the stock is owned by institutional investors.
In other news, Vice Chairman Oivind Lorentzen sold 20,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $49.39, for a total transaction of $987,800.00. Following the completion of the transaction, the insider now directly owns 41,175 shares of the company’s stock, valued at approximately $2,033,633.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bruce Weins sold 800 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $50.50, for a total transaction of $40,400.00. Following the transaction, the chief financial officer now directly owns 13,360 shares of the company’s stock, valued at $674,680. The disclosure for this sale can be found here. Insiders sold a total of 118,487 shares of company stock valued at $5,950,235 over the last ninety days. 10.47% of the stock is currently owned by insiders.
A number of equities research analysts have issued reports on CKH shares. Zacks Investment Research downgraded shares of Seacor from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Credit Suisse Group upped their price objective on shares of Seacor from $36.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. TheStreet raised shares of Seacor from a “d+” rating to a “c-” rating in a research report on Tuesday, November 7th. Finally, Stifel Nicolaus downgraded shares of Seacor from a “buy” rating to a “hold” rating and upped their price objective for the stock from $40.00 to $53.00 in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $49.67.
Shares of Seacor Holdings, Inc. (NYSE CKH) traded down $1.17 during mid-day trading on Wednesday, reaching $48.68. 101,000 shares of the company’s stock were exchanged, compared to its average volume of 94,783. Seacor Holdings, Inc. has a twelve month low of $30.44 and a twelve month high of $51.59. The company has a quick ratio of 2.07, a current ratio of 2.09 and a debt-to-equity ratio of 0.89. The company has a market cap of $866.18, a P/E ratio of -10.06 and a beta of 1.09.
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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