Cedar Capital LLC Sells 40,595 Shares of Euronav NV (EURN)
Cedar Capital LLC decreased its position in Euronav NV (NASDAQ:EURN) by 13.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,768 shares of the shipping company’s stock after selling 40,595 shares during the quarter. Euronav NV accounts for 1.0% of Cedar Capital LLC’s portfolio, making the stock its 22nd largest position. Cedar Capital LLC owned about 0.16% of Euronav NV worth $2,039,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in EURN. Cubist Systematic Strategies LLC lifted its position in Euronav NV by 41.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,218 shares of the shipping company’s stock worth $104,000 after buying an additional 3,895 shares during the last quarter. Virtu KCG Holdings LLC purchased a new position in Euronav NV in the 2nd quarter worth approximately $138,000. Parametric Portfolio Associates LLC increased its stake in Euronav NV by 88.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 28,265 shares of the shipping company’s stock worth $223,000 after purchasing an additional 13,247 shares during the period. Renaissance Technologies LLC purchased a new position in Euronav NV in the 1st quarter worth approximately $285,000. Finally, Dimensional Fund Advisors LP increased its stake in Euronav NV by 169.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 79,312 shares of the shipping company’s stock worth $627,000 after purchasing an additional 49,846 shares during the period.
A number of equities analysts have commented on the company. BidaskClub cut Euronav NV from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Zacks Investment Research raised Euronav NV from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Stifel Nicolaus set a $8.00 price target on Euronav NV and gave the stock a “hold” rating in a research note on Sunday, October 29th. ValuEngine raised Euronav NV from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, TheStreet raised Euronav NV from a “d+” rating to a “c-” rating in a research note on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $8.83.
Euronav NV (EURN) traded down $0.05 on Friday, hitting $8.40. The stock had a trading volume of 219,400 shares, compared to its average volume of 504,254. Euronav NV has a 52-week low of $6.65 and a 52-week high of $8.65.
Euronav NV Profile
Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments, Tankers; and Floating Production, Storage, and Offloading Operations. As of April 4, 2017, it owned and operated a fleet of 55 double hulled vessels, including 31 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 2 Suezmax vessels under construction.
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