Brandywine Global Investment Management LLC cut its position in Seacor Holdings, Inc. (NYSE:CKH) by 13.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 51,096 shares of the oil and gas company’s stock after selling 7,730 shares during the period. Brandywine Global Investment Management LLC’s holdings in Seacor were worth $2,362,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in CKH. The Manufacturers Life Insurance Company grew its stake in shares of Seacor by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 13,083 shares of the oil and gas company’s stock valued at $449,000 after buying an additional 788 shares in the last quarter. Aperio Group LLC bought a new position in shares of Seacor in the third quarter valued at $278,000. Prudential Financial Inc. grew its stake in shares of Seacor by 9.2% in the third quarter. Prudential Financial Inc. now owns 30,169 shares of the oil and gas company’s stock valued at $1,391,000 after buying an additional 2,540 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Seacor by 1.0% in the third quarter. Principal Financial Group Inc. now owns 125,430 shares of the oil and gas company’s stock valued at $5,784,000 after buying an additional 1,288 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Seacor by 78.9% in the third quarter. BNP Paribas Arbitrage SA now owns 9,147 shares of the oil and gas company’s stock valued at $422,000 after buying an additional 4,033 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.
CKH stock opened at $49.27 on Wednesday. Seacor Holdings, Inc. has a 52 week low of $30.44 and a 52 week high of $51.59. The company has a quick ratio of 2.43, a current ratio of 2.46 and a debt-to-equity ratio of 0.67. The firm has a market cap of $885.32, a price-to-earnings ratio of 18.38 and a beta of 1.07.
Seacor (NYSE:CKH) last released its quarterly earnings data on Tuesday, February 27th. The oil and gas company reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.10. Seacor had a net margin of 9.48% and a return on equity of 1.54%. The firm had revenue of $185.52 million during the quarter, compared to analysts’ expectations of $171.23 million. research analysts anticipate that Seacor Holdings, Inc. will post 0.54 EPS for the current fiscal year.
In other Seacor news, Vice Chairman Oivind Lorentzen sold 5,992 shares of Seacor stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $44.10, for a total transaction of $264,247.20. Following the completion of the transaction, the insider now directly owns 41,183 shares of the company’s stock, valued at $1,816,170.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Bruce Weins sold 2,569 shares of Seacor stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $49.00, for a total transaction of $125,881.00. Following the transaction, the chief financial officer now directly owns 12,708 shares of the company’s stock, valued at $622,692. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,380 shares of company stock valued at $1,205,850. Company insiders own 10.47% of the company’s stock.
Several equities analysts recently weighed in on CKH shares. Zacks Investment Research cut shares of Seacor from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. ValuEngine raised shares of Seacor from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. TheStreet raised shares of Seacor from a “c” rating to a “b-” rating in a research note on Wednesday, February 28th. Finally, Stifel Nicolaus set a $50.00 target price on shares of Seacor and gave the company a “hold” rating in a research note on Thursday, March 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $48.67.
Seacor 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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