Zacks Investment Research Upgrades SEACOR Holdings, Inc. (CKH) to “Buy”
SEACOR Holdings, Inc. (NYSE:CKH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The firm currently has a $52.00 price target on the oil and gas company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.77% from the company’s current price.
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 target price on SEACOR Holdings and gave the stock a “buy” rating in a research note on Monday, August 7th.
SEACOR Holdings (NYSE:CKH) opened at 46.11 on Friday. The stock’s 50 day moving average price is $37.83 and its 200-day moving average price is $49.33. The company’s market capitalization is $817.53 million. SEACOR Holdings has a one year low of $31.90 and a one year high of $76.32.
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A number of institutional investors have recently bought and sold shares of CKH. Great West Life Assurance Co. Can grew its stake in SEACOR Holdings by 8.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 23,290 shares of the oil and gas company’s stock valued at $1,611,000 after purchasing an additional 1,885 shares during the last quarter. First Trust Advisors LP purchased a new stake in SEACOR Holdings during the 1st quarter valued at about $323,000. Karp Capital Management Corp purchased a new stake in SEACOR Holdings during the 1st quarter valued at about $437,000. Ameriprise Financial Inc. grew its stake in SEACOR Holdings by 4.5% during the 1st quarter. Ameriprise Financial Inc. now owns 87,300 shares of the oil and gas company’s stock valued at $6,041,000 after purchasing an additional 3,732 shares during the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new stake in SEACOR Holdings during the 1st quarter valued at about $370,000. Institutional investors and hedge funds own 89.88% of the company’s stock.
About SEACOR Holdings
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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