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T. Rowe Price Equity Income Fund increased stake in SEACOR Holdings Inc.

Published 01/11/2021, 02:51 PM
Updated 01/11/2021, 03:04 PM
© Reuters.  T. Rowe Price Equity Income Fund increased stake in SEACOR Holdings Inc.

On the 31st of December, the T. Rowe Price Equity Income Fund bought 1 million SEACOR Holdings Inc . (NYSE:CKH) shares for $43 million at an average price of $41.45 per share. The T. Rowe Price Equity Income Fund's holding in SEACOR Holdings Inc. increased to about 3 million shares with the purchase.

The T. Rowe Price Equity Income Fund first bought SEACOR Holdings Inc. stock in the third quarter of 2020. The T. Rowe Price Equity Income Fund also owns Halliburton Co (NYSE:HAL), Schlumberger Ltd (NYSE:SLB), Tenaris S.A. (TS) and Targa Resources Corp (NYSE:TRGP). SEACOR Holdings Inc. is its number eight position by number of shares and market value among energy equipment & services stocks.

Other investors who also added to their SEACOR Holdings Inc. shares include Citigroup (NYSE:C), Royce & Associates, and Victory Capital Management. Contrary to the T. Rowe Price Equity Income Fund, Hotchkis & Wiley Capital Management sold all their CKH shares.

The T. Rowe Price Equity Income Fund has also recently increased their share in Franks International NV (FI). The total value of the shares bought is estimated at around $37 million.

The T. Rowe Price Equity Income Fund also reduced their share in MGM Resorts International (NYSE:MGM), PNM Resources, Inc. (Holding Co (PNM), Dennys Corp. (DENN), Becton Dickinson & Co. (NYSE:BDX), Equifax Inc (NYSE:EFX), Tyson Foods Inc (NYSE:TSN), J.B.Hunt Transport Services Inc (JBHT), Concho Resources Inc (NYSE:CXO), Visteon Corp (NASDAQ:VC), RealPage, Inc. (RP), Aptiv PLC (NYSE:APTV), Sprouts Farmers Market Inc. (NASDAQ:SFM), Zendesk (NYSE:ZEN), Planet Fitness Inc (NYSE:PLNT), MyoKardia, Inc. (NASDAQ:MYOK), Slack Technologies Inc (NYSE:WORK), Endava plc (NYSE:DAVA) and Palomar Holdings, Inc. (NASDAQ:PLMR). The total value of the shares sold is estimated at around $6.5 billion.

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Additionally, the T. Rowe Price Equity Income Fund established new holdings in MultiPlan Corporation (MPLN) and IAC/InterActiveCorp (NASDAQ:IAC). The T. Rowe Price Equity Income Fund also increased their share in Quidel Corp (NASDAQ:QDEL), Yum Brands Inc (YUM), Vail Resorts Inc (NYSE:MTN), International Paper Co (NYSE:IP), Sealed Air Corp (NYSE:SEE), Lumber Liquidators Holdings, In (NYSE:LL), U.S. Physical Therapy, Inc. (USPH), REX American Resources (NASDAQ:AREC) Corporat (REX), Clearwater Paper Corporation (NYSE:CLW), Proofpoint Inc (NASDAQ:PFPT), RH (NYSE:RH), Bill.com Holdings, Inc. (NYSE:BILL), Snapchat Inc (SNAP), PCSB Financial Corporation (NASDAQ:PCSB), Cactus (NYSE:WHD), Inc. Class A Common Sto (WHD), Scholar Rock Holding Corporatio (NASDAQ:SRRK), PagerDuty Inc (NYSE:PD) and RAPT Therapeutics, Inc. (NASDAQ:RAPT). The total value of the shares bought is estimated at around $4.4 billion.

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