Seacor Holdings, Inc. (NYSE:CKH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The brokerage currently has a $76.00 price target on the stock. Zacks Investment Research’s price target would suggest a potential upside of 9.84% from the company’s current price.
According to Zacks, “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. “
Separately, Stifel Nicolaus raised their price objective on Seacor Holdings from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday.
Seacor Holdings (NYSE:CKH) traded up 1.38% on Friday, reaching $69.19. The company had a trading volume of 145,742 shares. The stock’s market capitalization is $1.20 billion. Seacor Holdings has a 1-year low of $45.49 and a 1-year high of $76.32. The stock’s 50 day moving average is $68.62 and its 200-day moving average is $64.72.
Several hedge funds and other institutional investors have recently made changes to their positions in CKH. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Seacor Holdings during the fourth quarter valued at about $143,000. Vertex One Asset Management Inc. purchased a new position in shares of Seacor Holdings during the fourth quarter valued at about $207,000. Municipal Employees Retirement System of Michigan boosted its position in shares of Seacor Holdings by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,530 shares of the company’s stock valued at $210,000 after buying an additional 60 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new position in shares of Seacor Holdings during the third quarter valued at about $238,000. Finally, Perennial Advisors LLC purchased a new position in shares of Seacor Holdings during the fourth quarter valued at about $299,000.
About Seacor Holdings
SEACOR Holdings Inc is engaged in owning, operating, investing in and marketing equipment, primarily in the offshore oil and gas, shipping and logistics industries. The Company’s segments 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 oil and gas exploration, development and production facilities around the world.
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