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Seacor (CKH) Lifted to Buy at Zacks Investment Research

Seacor (NYSE:CKH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage presently has a $53.00 price target on the oil and gas company’s stock. Zacks Investment Research ‘s price objective indicates a potential upside of 10.62% from the company’s current price.

According to Zacks, “SEACOR Holdings Inc. is a diversified holding company principally focused on domestic and international transportation, logistics, and risk management consultancy. SEACOR provides its customers with highly responsive services focused on innovative technology, modern efficient equipment, and dedicated, highly trained professionals. As the parent company of a global, diversified family of companies, SEACOR has the ability to utilize its subsidiaries’ assets to provide customers with the highest level of service within the industries in which it operates. SEACOR also maintains strategic joint venture arrangements in various geographic locations around the world, enhancing its existing business lines while satisfying specific customer requirements with resources such as logistical support, assets, and personnel. SEACOR engages in the operation of a fleet of offshore vessels in the U.S. Gulf of Mexico, the North Sea, West Africa, Asia, Latin America and other regions. “

Get Seacor alerts: A number of other research analysts have also issued reports on CKH. ValuEngine lowered shares of Seacor from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. TheStreet lowered shares of Seacor from a “b-” rating to a “c+” rating in a research note on Friday, December 7th.

NYSE:CKH traded up $0.82 during midday trading on Wednesday, reaching $47.91. 65,876 shares of the stock traded hands, compared to its average volume of 57,817. Seacor has a 12-month low of $34.63 and a 12-month high of $59.00. The company has a quick ratio of 2.05, a current ratio of 2.07 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $859.39 million, a price-to-earnings ratio of 37.14 and a beta of 0.76.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Seacor by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,666,627 shares of the oil and gas company’s stock valued at $82,349,000 after purchasing an additional 42,815 shares in the last quarter. Vanguard Group Inc increased its stake in Seacor by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 1,666,627 shares of the oil and gas company’s stock valued at $82,349,000 after purchasing an additional 42,815 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Seacor by 0.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,533,656 shares of the oil and gas company’s stock valued at $75,778,000 after purchasing an additional 11,355 shares in the last quarter. Royce & Associates LP increased its stake in Seacor by 7.7% during the 4th quarter. Royce & Associates LP now owns 1,420,797 shares of the oil and gas company’s stock valued at $52,569,000 after purchasing an additional 101,134 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Seacor by 12.5% during the 3rd quarter. Renaissance Technologies LLC now owns 1,101,500 shares of the oil and gas company’s stock valued at $54,425,000 after purchasing an additional 122,800 shares in the last quarter. Institutional investors and hedge funds own 91.88% of the company’s stock.

Seacor Company Profile

SEACOR Holdings Inc, a diversified holding company, engages in transportation, and logistics and risk management consultancy businesses in the United States and internationally. The company's Ocean Transportation & Logistics Services segment owns and operates a diversified fleet of marine transportation, and towing and bunkering assets.

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