SEACOR Holdings, Inc. (NYSE:CKH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday, May 12th.

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 increased their target price on shares of SEACOR Holdings from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, March 30th.

Shares of SEACOR Holdings (NYSE:CKH) traded up 0.09% during trading on Friday, hitting $34.22. The stock had a trading volume of 328,069 shares. SEACOR Holdings has a 12-month low of $33.76 and a 12-month high of $76.32. The stock’s 50-day moving average is $55.41 and its 200-day moving average is $65.76. The stock’s market cap is $600.53 million.

SEACOR Holdings (NYSE:CKH) last announced its earnings results on Tuesday, May 9th. The oil and gas company reported $0.24 earnings per share for the quarter, topping the consensus estimate of ($0.64) by $0.88. SEACOR Holdings had a negative net margin of 22.86% and a negative return on equity of 14.72%. The business had revenue of $190.45 million during the quarter, compared to the consensus estimate of $206.36 million. On average, equities research analysts expect that SEACOR Holdings will post ($0.03) EPS for the current year.

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In other news, Vice Chairman Oivind Lorentzen sold 3,866 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $64.57, for a total transaction of $249,627.62. Following the completion of the sale, the insider now owns 118,124 shares in the company, valued at $7,627,266.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 57,393 shares of company stock valued at $2,205,423 in the last quarter. Insiders own 13.37% of the company’s stock.

Large investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of SEACOR Holdings by 42,596.9% in the first quarter. BlackRock Inc. now owns 2,024,259 shares of the oil and gas company’s stock valued at $140,058,000 after buying an additional 2,019,518 shares during the period. Norges Bank acquired a new stake in shares of SEACOR Holdings during the fourth quarter valued at $8,607,000. Royce & Associates LP increased its stake in shares of SEACOR Holdings by 8.6% in the fourth quarter. Royce & Associates LP now owns 1,478,740 shares of the oil and gas company’s stock valued at $105,405,000 after buying an additional 117,500 shares during the period. Renaissance Technologies LLC increased its stake in shares of SEACOR Holdings by 19.7% in the fourth quarter. Renaissance Technologies LLC now owns 271,600 shares of the oil and gas company’s stock valued at $19,360,000 after buying an additional 44,700 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of SEACOR Holdings by 2.7% in the first quarter. Vanguard Group Inc. now owns 1,445,167 shares of the oil and gas company’s stock valued at $99,991,000 after buying an additional 37,960 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

SEACOR Holdings Company Profile

SEACOR Holdings Inc is engaged in owning, operating, investing in and marketing equipment, primarily in the offshore oil and gas, shipping and logistics industries. The Company’s segments include Offshore Marine Services, Inland River Services, Shipping Services and Illinois Corn Processing. The Offshore Marine Services segment operates a fleet of support vessels primarily servicing offshore oil and gas exploration, development and production facilities around the world.

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