Amici Capital’s Bold Bet On Seacor Holdings, Inc. (CKH) Amid Energy Sector’s Doldrums

Seacor Holdings, Inc. (NYSE:CKH)’s Latest Performance

While the $96.72 million second quarter revenues from offshore marine services were significantly less than the $138.25 million the segment pulled in during the same quarter of last year, they marked an increase from $93.46 million in revenues from the first quarter, and reduced costs meant that Seacor Holdings, Inc. (NYSE:CKH) was able to turn in a profit from the segment as opposed to a loss in the previous quarter. During the trimester, the company also sold two offshore support vessels, one of which was to a joint venture in which Seacor Holdings, Inc. (NYSE:CKH) owns a 30.4% stake. Moreover, inland river services not only reported better revenue figures at $61.15 million, compared to $56 million in the second quarter of last year, but also registered a significant improvement in gross margins. Although shipping services did better in terms of revenues, it dipped in terms of margins, while the Illinois corn processing segment was worse off both in terms of revenues and margins.

How Do Other Hedgies View Seacor Holdings, Inc. (NYSE:CKH)?

Among over 700 hedge funds that we track at Insider Monkey, the interest in the company remained somewhat stable during the second quarter. At the end of June a total of 15 funds had $234.89 million in holdings of Seacor Holdings, Inc. (NYSE:CKH) as compared to the same number of investors holding $276.33 million worth of positions at the end of the previous quarter. Chuck Royce‘s Royce & Associates was the largest stockholder of Seacor Holdings, Inc. (NYSE:CKH) among these as of June 30, holding about 2.26 million shares valued at $159.98 million.

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