SEACOR Holdings, Inc. (NYSE:CKH) Vice Chairman Oivind Lorentzen sold 20,000 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $50.15, for a total value of $1,003,000.00. Following the completion of the transaction, the insider now directly owns 41,175 shares in the company, valued at approximately $2,064,926.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Oivind Lorentzen also recently made the following trade(s):
- On Wednesday, November 8th, Oivind Lorentzen sold 20,000 shares of SEACOR Holdings stock. The shares were sold at an average price of $49.39, for a total value of $987,800.00.
Shares of SEACOR Holdings, Inc. (CKH) opened at $49.02 on Friday. SEACOR Holdings, Inc. has a fifty-two week low of $26.03 and a fifty-two week high of $51.59. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.07 and a current ratio of 2.09.
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Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in shares of SEACOR Holdings in the third quarter worth about $111,000. State of Alaska Department of Revenue increased its holdings in shares of SEACOR Holdings by 80.2% in the second quarter. State of Alaska Department of Revenue now owns 3,226 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 1,436 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of SEACOR Holdings by 3.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,800 shares of the oil and gas company’s stock worth $130,000 after acquiring an additional 120 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of SEACOR Holdings by 45.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,114 shares of the oil and gas company’s stock worth $175,000 after acquiring an additional 1,594 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of SEACOR Holdings in the third quarter worth about $241,000. Institutional investors own 89.91% of the company’s stock.
Several equities analysts have weighed in on the company. TheStreet raised SEACOR Holdings from a “d+” rating to a “c-” rating in a research note on Tuesday. Zacks Investment Research raised SEACOR Holdings from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Wednesday. Stifel Nicolaus lowered SEACOR Holdings from a “buy” rating to a “hold” rating and increased their target price for the company from $40.00 to $53.00 in a research note on Monday, November 6th. Finally, Credit Suisse Group increased their target price on SEACOR Holdings from $36.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus 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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