The stock of Seacor Holdings, Inc. (NYSE:CKH) hit a new 52-week high and has $68.58 target or 9.00% above today’s $62.92 share price. The 7 months bullish chart indicates low risk for the $1.16 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $68.58 price target is reached, the company will be worth $104.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 38,231 shares traded hands. Seacor Holdings, Inc. (NYSE:CKH) has risen 6.99% since April 28, 2016 and is uptrending. It has outperformed by 1.06% the S&P500.
Analysts await Seacor Holdings, Inc. (NYSE:CKH) to report earnings on March, 6. They expect $-0.63 earnings per share, down 342.31% or $0.89 from last year’s $0.26 per share. After $-2.35 actual earnings per share reported by Seacor Holdings, Inc. for the previous quarter, Wall Street now forecasts -73.19% EPS growth.
According to Zacks Investment Research, “SEACOR and its subsidiaries are engaged in the operation of a diversified fleet of offshore support vessels that service oil and gas exploration and development activities in the U.S. Gulf of Mexico, the North Sea, West Africa, Asia, Latin America and other international regions. Other business activities primarily include environmental services, inland river operations, and offshore aviation services.”
Insitutional Activity: The institutional sentiment increased to 0.78 in 2016 Q2. Its up 0.11, from 0.67 in 2016Q1. The ratio increased, as 33 funds sold all Seacor Holdings, Inc. shares owned while 40 reduced positions. 15 funds bought stakes while 34 increased positions. They now own 40.46 million shares or 12.72% more from 35.90 million shares in 2016Q1.
Td Asset Management Inc has 0.02% invested in the company for 9.98 million shares. Public Sector Pension Inv Board has invested 0.01% of its portfolio in Seacor Holdings, Inc. (NYSE:CKH). Teacher Retirement Sys Of Texas last reported 0% of its portfolio in the stock. Huber Cap Ltd Limited Liability Company last reported 17,317 shares in the company. Blackrock has invested 0% of its portfolio in Seacor Holdings, Inc. (NYSE:CKH). Iron Financial Limited Liability Company reported 405,000 shares or 0.51% of all its holdings. Moreover, Anchor Advisors Lc has 0.02% invested in Seacor Holdings, Inc. (NYSE:CKH) for 10,321 shares. Blackrock Institutional Tru Na reported 419,965 shares or 0% of all its holdings. Bridgeway Management Inc holds 0.07% of its portfolio in Seacor Holdings, Inc. (NYSE:CKH) for 76,100 shares. Wellington Management Grp Inc Llp has invested 0.03% of its portfolio in Seacor Holdings, Inc. (NYSE:CKH). Commonwealth Of Pennsylvania Public School Empls Retrmt System accumulated 3,609 shares or 0% of the stock. Weiss Asset Mgmt Ltd Partnership has invested 0.04% of its portfolio in Seacor Holdings, Inc. (NYSE:CKH). Dynamic Limited has 0.05% invested in the company for 7,821 shares. Amer Intll Gru accumulated 11,862 shares or 0% of the stock. The California-based Private Gp has invested 0.31% in Seacor Holdings, Inc. (NYSE:CKH).
Insider Transactions: Since June 3, 2016, the stock had 0 insider buys, and 4 sales for $2.51 million net activity. The insider Cenac Matthew sold 151 shares worth $8,625. 1,304 shares were sold by Weins Bruce, worth $77,523. 35,000 shares were sold by LORENTZEN OIVIND, worth $2.09 million. $9,405 worth of shares were sold by Fabrikant Eric on Saturday, June 4.
Another recent and important Seacor Holdings, Inc. (NYSE:CKH) news was published by Marketwatch.com which published an article titled: “Seacor Holdings started at buy with $70 stock price target at Stifel Nicolaus” on December 21, 2009.
CKH Company Profile
SEACOR Holdings Inc., incorporated on November 7, 1989, is engaged in owning, operating, investing in and marketing equipment, primarily in the offshore gas and oil, shipping and logistics industries. The Company’s divisions include Offshore Marine Services, Inland River Services, Shipping Services and Illinois Corn Processing. The Offshore Marine Services segment operates a fleet of support vessels primarily servicing offshore gas and oil exploration, development and production facilities around the world. Inland River Services segment operates river transportation equipment used for moving agricultural and industrial commodities and petroleum and chemical products. Shipping Services segment operates a fleet of United States flag marine transportation related assets. Illinois Corn Processing segment produces alcohol used in the food, beverage, industrial and petrochemical end-markets. The Firm also offers emergency and crisis services, lending and leasing activities, and noncontrolling investments in various other businesses.
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