Zacks Investment Research upgraded shares of SEACOR Holdings, Inc. (NYSE:CKH) from a hold rating to a buy rating in a report issued on Tuesday morning. Zacks Investment Research currently has $41.00 target price 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. “

A number of other research firms also recently commented on CKH. ValuEngine downgraded SEACOR Holdings from a hold rating to a sell rating in a research report on Friday, May 26th. Stifel Nicolaus set a $40.00 target price on SEACOR Holdings and gave the company a buy rating in a research report on Monday, August 7th.

SEACOR Holdings (CKH) opened at 38.37 on Tuesday. SEACOR Holdings has a 1-year low of $31.90 and a 1-year high of $76.32. The firm’s 50 day moving average is $36.05 and its 200 day moving average is $52.25. The stock’s market capitalization is $680.30 million.

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

A number of hedge funds have recently added to or reduced their stakes in CKH. State of Alaska Department of Revenue raised its stake in SEACOR Holdings by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 1,790 shares of the oil and gas company’s stock valued at $123,000 after buying an additional 50 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in SEACOR Holdings by 1.7% in the first quarter. Municipal Employees Retirement System of Michigan now owns 3,680 shares of the oil and gas company’s stock valued at $255,000 after buying an additional 60 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in SEACOR Holdings by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 6,600 shares of the oil and gas company’s stock valued at $457,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System raised its stake in SEACOR Holdings by 1.2% in the first quarter. Arizona State Retirement System now owns 8,416 shares of the oil and gas company’s stock valued at $582,000 after buying an additional 100 shares during the last quarter. 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 last quarter. Institutional investors own 89.88% of the company’s stock.

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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