SG Americas Securities LLC Decreases Stake in CMB.TECH nv $CMBT

SG Americas Securities LLC lowered its position in CMB.TECH nv (NYSE:CMBT) by 25.7% during the fourth quarter, HoldingsChannel reports. The firm owned 117,510 shares of the company’s stock after selling 40,617 shares during the period. SG Americas Securities LLC’s holdings in CMB.TECH were worth $1,134,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMBT. Raymond James Financial Inc. purchased a new position in CMB.TECH in the 2nd quarter valued at $27,000. Public Employees Retirement System of Ohio purchased a new position in CMB.TECH in the 3rd quarter valued at $45,000. Sunbelt Securities Inc. purchased a new position in CMB.TECH in the 3rd quarter valued at $56,000. Legal & General Group Plc lifted its holdings in CMB.TECH by 221.3% in the 2nd quarter. Legal & General Group Plc now owns 6,529 shares of the company’s stock valued at $59,000 after purchasing an additional 4,497 shares in the last quarter. Finally, Vise Technologies Inc. purchased a new position in CMB.TECH in the 3rd quarter valued at $94,000.

CMB.TECH Stock Up 3.3%

Shares of CMBT opened at $13.02 on Thursday. CMB.TECH nv has a 52-week low of $7.65 and a 52-week high of $14.93. The company has a market capitalization of $2.57 billion, a PE ratio of 20.03 and a beta of -0.03. The stock has a fifty day simple moving average of $13.05 and a two-hundred day simple moving average of $11.09. The company has a quick ratio of 0.79, a current ratio of 0.86 and a debt-to-equity ratio of 1.80.

CMB.TECH (NYSE:CMBT) last issued its quarterly earnings data on Friday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). The business had revenue of $589.12 million for the quarter, compared to analyst estimates of $449.43 million. CMB.TECH had a return on equity of 6.25% and a net margin of 9.70%.

CMB.TECH Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 15th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, April 15th. CMB.TECH’s dividend payout ratio (DPR) is presently 10.77%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wall Street Zen lowered CMB.TECH from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Weiss Ratings upgraded CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy”.

CMB.TECH Profile

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.