SEACOR Holdings, Inc. (CKH) Shares Sold by Donald Smith & CO. Inc.
Donald Smith & CO. Inc. lowered its stake in SEACOR Holdings, Inc. (NYSE:CKH) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,697 shares of the oil and gas company’s stock after selling 5,467 shares during the quarter. Donald Smith & CO. Inc. owned 0.84% of SEACOR Holdings worth $6,949,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of SEACOR Holdings in the 3rd quarter valued at $111,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in SEACOR Holdings during the 3rd quarter valued at $241,000. Municipal Employees Retirement System of Michigan increased its stake in SEACOR Holdings by 64.7% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,260 shares of the oil and gas company’s stock valued at $289,000 after purchasing an additional 2,460 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in SEACOR Holdings by 78.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 9,147 shares of the oil and gas company’s stock valued at $422,000 after purchasing an additional 4,033 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of SEACOR Holdings by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 125,430 shares of the oil and gas company’s stock worth $5,784,000 after acquiring an additional 1,288 shares in the last quarter. Institutional investors own 89.15% of the company’s stock.
Several analysts have recently issued reports on the stock. TheStreet upgraded shares of SEACOR Holdings from a “d+” rating to a “c-” rating in a research note on Tuesday, November 7th. Zacks Investment Research upgraded shares of SEACOR Holdings from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Wednesday, November 8th. Stifel Nicolaus lowered shares of SEACOR Holdings from a “buy” rating to a “hold” rating and upped their target price for the stock from $40.00 to $53.00 in a research note on Monday, November 6th. Finally, Credit Suisse Group boosted their price target on shares of SEACOR Holdings from $36.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. SEACOR Holdings currently has an average rating of “Hold” and an average price target of $50.33.
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In other news, insider Charles Fabrikant sold 54,901 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $50.37, for a total value of $2,765,363.37. Following the sale, the insider now directly owns 488,834 shares of the company’s stock, valued at $24,622,568.58. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Oivind Lorentzen sold 20,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $49.39, for a total transaction of $987,800.00. Following the completion of the sale, the insider now directly owns 41,175 shares in the company, valued at $2,033,633.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 116,459 shares of company stock worth $5,846,567. Insiders own 10.47% of the company’s stock.
Shares of SEACOR Holdings, Inc. (CKH) traded down $0.22 during trading hours on Wednesday, hitting $48.97. 151,800 shares of the company were exchanged, compared to its average volume of 161,927. The company has a current ratio of 2.09, a quick ratio of 2.07 and a debt-to-equity ratio of 0.89. SEACOR Holdings, Inc. has a 52 week low of $28.87 and a 52 week high of $51.59.
SEACOR Holdings Company Profile
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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