Bruce Weins Sells 800 Shares of SEACOR Holdings, Inc. (CKH) Stock
SEACOR Holdings, Inc. (NYSE:CKH) CFO Bruce Weins sold 800 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $50.50, for a total transaction of $40,400.00. Following the sale, the chief financial officer now owns 13,360 shares of the company’s stock, valued at $674,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of SEACOR Holdings, Inc. (NYSE:CKH) traded down $0.81 during trading hours on Wednesday, reaching $48.46. 133,800 shares of the company’s stock traded hands, compared to its average volume of 161,955. 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 twelve month low of $28.01 and a twelve month high of $51.59.
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A number of large investors have recently modified their holdings of CKH. State of Alaska Department of Revenue lifted its holdings in SEACOR Holdings by 80.2% during the second quarter. State of Alaska Department of Revenue now owns 3,226 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 1,436 shares in the last quarter. SG Americas Securities LLC purchased a new position in SEACOR Holdings during the third quarter valued at approximately $111,000. Municipal Employees Retirement System of Michigan lifted its holdings in SEACOR Holdings by 3.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,800 shares of the oil and gas company’s stock valued at $130,000 after purchasing an additional 120 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in SEACOR Holdings by 45.3% during the second quarter. BNP Paribas Arbitrage SA now owns 5,114 shares of the oil and gas company’s stock valued at $175,000 after purchasing an additional 1,594 shares in the last quarter. Finally, Pacad Investment Ltd. purchased a new position in SEACOR Holdings during the second quarter valued at approximately $185,000. 89.88% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently issued reports on CKH. TheStreet upgraded shares of SEACOR Holdings from a “d+” rating to a “c-” rating in a research report 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 report on Wednesday, November 8th. Stifel Nicolaus lowered shares of SEACOR Holdings from a “buy” rating to a “hold” rating and boosted their target price for the company from $40.00 to $53.00 in a research report on Monday, November 6th. Finally, Credit Suisse Group boosted their target price on shares of SEACOR Holdings from $36.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $50.33.
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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