Seacor Holdings (CKH) was Initiated by Stifel to “Buy” and the brokerage firm has set the Price Target at $70. Stifel advised their investors in a research report released on Aug 24, 2016.
Seacor Holdings opened for trading at $56.95 and hit $57.99 on the upside on Tuesday, eventually ending the session at $57.41, with a gain of 0.88% or 0.5 points. The heightened volatility saw the trading volume jump to 40,953 shares. Company has a market cap of $994 M.
In a different news, on Jun 7, 2016, Matthew Cenac (EVP/Chief Financial Officer) sold 151 shares at $57.12 per share price. According to the SEC, on Jun 7, 2016, Eric Fabrikant (Chief Operating Officer) sold 159 shares at $59.15 per share price. On May 18, 2016, Steven J Wisch (director) sold 3,866 shares at $56.07 per share price, according to the Form-4 filing with the securities and exchange commission.
SEACOR Holdings Inc. (SEACOR) is engaged in owning operating investing in and marketing equipment primarily in the offshore oil and gas shipping and logistics industries. The Company operates through four business segments: 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. 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. It also offers emergency and crisis services agricultural commodity trading and logistics lending and leasing activities.