SEACOR Holdings, Inc. (CKH) Upgraded by Zacks Investment Research to “Buy”
Zacks Investment Research upgraded shares of SEACOR Holdings, Inc. (NYSE:CKH) from a hold rating to a buy rating in a report issued on Friday morning. Zacks Investment Research currently has $52.00 price objective on the oil and gas company’s stock.
According to Zacks, “SEACOR and its subsidiaries are engaged in the operation of a diversified fleet of offshore support vessels that service oil and gas exploration and development activities in the U.S. Gulf of Mexico, the North Sea, West Africa, Asia, Latin America and other international regions. Other business activities primarily include environmental services, inland river operations, and offshore aviation services. “
Separately, Stifel Nicolaus set a $40.00 price target on shares of SEACOR Holdings and gave the stock a buy rating in a research note on Monday, August 7th.
SEACOR Holdings (CKH) traded down 0.19% during midday trading on Friday, reaching $46.11. The company’s stock had a trading volume of 115,498 shares. The firm’s market cap is $817.53 million. The firm has a 50 day moving average price of $37.83 and a 200 day moving average price of $49.33. SEACOR Holdings has a one year low of $31.90 and a one year high of $76.32.
Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in shares of SEACOR Holdings by 42,596.9% during the first quarter. BlackRock Inc. now owns 2,024,259 shares of the oil and gas company’s stock worth $140,058,000 after purchasing an additional 2,019,518 shares during the last quarter. Vanguard Group Inc. grew its position in SEACOR Holdings by 3.2% during the second quarter. Vanguard Group Inc. now owns 1,492,065 shares of the oil and gas company’s stock valued at $51,177,000 after buying an additional 46,898 shares during the period. Dimensional Fund Advisors LP grew its position in SEACOR Holdings by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,472,730 shares of the oil and gas company’s stock valued at $50,514,000 after buying an additional 14,835 shares during the period. Royce & Associates LP grew its position in SEACOR Holdings by 1.4% during the second quarter. Royce & Associates LP now owns 1,461,940 shares of the oil and gas company’s stock valued at $50,145,000 after buying an additional 20,000 shares during the period. Finally, State Street Corp grew its position in SEACOR Holdings by 8.3% during the second quarter. State Street Corp now owns 506,570 shares of the oil and gas company’s stock valued at $17,371,000 after buying an additional 39,028 shares during the period. 89.88% of the stock is owned by hedge funds and other institutional investors.
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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