AQR Capital Management LLC Takes Position in Seacor Holdings, Inc. (NYSE:CKH)

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AQR Capital Management LLC acquired a new stake in Seacor Holdings, Inc. (NYSE:CKH) in the second quarter, HoldingsChannel reports. The firm acquired 5,270 shares of the oil and gas company’s stock, valued at approximately $250,000.

Several other large investors have also recently bought and sold shares of CKH. Renaissance Technologies LLC raised its position in shares of Seacor by 3.2% in the second quarter. Renaissance Technologies LLC now owns 1,213,100 shares of the oil and gas company’s stock valued at $57,634,000 after buying an additional 37,100 shares during the last quarter. Vanguard Group Inc. grew its holdings in Seacor by 2.1% in the second quarter. Vanguard Group Inc. now owns 1,770,030 shares of the oil and gas company’s stock valued at $84,094,000 after purchasing an additional 36,800 shares during the period. WINTON GROUP Ltd purchased a new stake in Seacor in the second quarter valued at approximately $1,393,000. Marshall Wace North America L.P. purchased a new stake in Seacor in the second quarter valued at approximately $719,000. Finally, AE Wealth Management LLC purchased a new stake in Seacor in the second quarter valued at approximately $485,000. 84.57% of the stock is owned by institutional investors and hedge funds.

Seacor stock opened at $47.38 on Friday. Seacor Holdings, Inc. has a 1 year low of $34.63 and a 1 year high of $51.42. The firm has a 50 day moving average price of $47.40 and a 200 day moving average price of $45.55. The company has a market cap of $948.85 million, a price-to-earnings ratio of 26.18 and a beta of 0.81. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.81 and a current ratio of 1.84.

Seacor (NYSE:CKH) last released its earnings results on Wednesday, July 24th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.32. Seacor had a net margin of 4.12% and a return on equity of 4.71%. The firm had revenue of $197.02 million during the quarter, compared to the consensus estimate of $214.72 million. Sell-side analysts predict that Seacor Holdings, Inc. will post 2.19 EPS for the current year.

In related news, CFO Bruce Weins sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $49.25, for a total value of $246,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Eric Fabrikant sold 6,984 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $50.28, for a total transaction of $351,155.52. Following the completion of the sale, the chief operating officer now owns 77,136 shares of the company’s stock, valued at $3,878,398.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,085 shares of company stock valued at $3,016,797. 10.27% of the stock is owned by insiders.

CKH has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Seacor from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Seacor from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Thursday.

Seacor Company Profile

SEACOR Holdings Inc engages in transportation and logistics, risk management consultancy, and other businesses in the United States and internationally. The company operates through Ocean Transportation & Logistics Services, Inland Transportation & Logistics Services, Witt O'Brien's, and Other segments.

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Want to see what other hedge funds are holding CKH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seacor Holdings, Inc. (NYSE:CKH).

Institutional Ownership by Quarter for Seacor (NYSE:CKH)

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