Neuberger Berman Group LLC trimmed its stake in Seacor Holdings, Inc. (NYSE:CKH) by 32.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,842 shares of the oil and gas company’s stock after selling 6,795 shares during the period. Neuberger Berman Group LLC owned approximately 0.08% of Seacor worth $638,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Seacor during the 3rd quarter worth $111,000. Municipal Employees Retirement System of Michigan increased its holdings in shares of Seacor by 3.3% in the 2nd 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 acquiring an additional 120 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of Seacor by 45.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,114 shares of the oil and gas company’s stock valued at $175,000 after acquiring an additional 1,594 shares during the period. Pacad Investment Ltd. purchased a new position in Seacor during the 2nd quarter worth $185,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Seacor during the 3rd quarter worth $241,000. 92.01% of the stock is owned by institutional investors and hedge funds.
Seacor Holdings, Inc. (NYSE:CKH) opened at $47.62 on Thursday. The firm has a market capitalization of $850.46, a PE ratio of -9.84 and a beta of 1.09. Seacor Holdings, Inc. has a fifty-two week low of $30.44 and a fifty-two week high of $51.59. The company has a quick ratio of 2.07, a current ratio of 2.09 and a debt-to-equity ratio of 0.89.
In related news, CFO Bruce Weins sold 2,569 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $49.00, for a total value of $125,881.00. Following the transaction, the chief financial officer now directly owns 12,708 shares in the company, valued at $622,692. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles Fabrikant sold 54,901 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $50.37, for a total value of $2,765,363.37. Following the completion of the transaction, the insider now owns 488,834 shares in the company, valued at $24,622,568.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,487 shares of company stock valued at $5,950,235. 10.47% of the stock is owned by company insiders.
CKH has been the topic of several research analyst reports. Zacks Investment Research downgraded Seacor from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. TheStreet raised Seacor from a “d+” rating to a “c-” rating in a research report on Tuesday, November 7th. Credit Suisse Group lifted their price target on Seacor from $36.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Stifel Nicolaus cut Seacor from a “buy” rating to a “hold” rating and lifted their price target for the stock from $40.00 to $53.00 in a research report on Monday, November 6th. Finally, ValuEngine raised Seacor from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $49.67.
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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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