Eagle Bulk Shipping Inc. (NASDAQ:EGLE) – Equities researchers at Seaport Global Securities raised their FY2017 earnings estimates for shares of Eagle Bulk Shipping in a report issued on Monday. Seaport Global Securities analyst M. Fyhr now forecasts that the shipping company will post earnings per share of ($0.34) for the year, up from their previous forecast of ($0.54). Seaport Global Securities also issued estimates for Eagle Bulk Shipping’s Q4 2017 earnings at $0.02 EPS.

Other analysts have also recently issued research reports about the company. Zacks Investment Research raised Eagle Bulk Shipping from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Monday, August 7th. Maxim Group reaffirmed a “hold” rating and set a $4.50 target price on shares of Eagle Bulk Shipping in a research report on Thursday, November 2nd. ValuEngine raised Eagle Bulk Shipping from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, BidaskClub cut Eagle Bulk Shipping from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $5.50.

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Shares of Eagle Bulk Shipping (EGLE) opened at $4.44 on Thursday. The company has a quick ratio of 4.44, a current ratio of 4.25 and a debt-to-equity ratio of 0.66. Eagle Bulk Shipping has a 52-week low of $4.24 and a 52-week high of $11.16.

Several institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors boosted its position in shares of Eagle Bulk Shipping by 1,097.4% in the 2nd quarter. Nationwide Fund Advisors now owns 23,338 shares of the shipping company’s stock worth $110,000 after purchasing an additional 21,389 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Eagle Bulk Shipping by 5,708.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,386 shares of the shipping company’s stock worth $162,000 after purchasing an additional 33,794 shares in the last quarter. Virtu KCG Holdings LLC acquired a new stake in shares of Eagle Bulk Shipping in the 2nd quarter worth $174,000. Rhumbline Advisers acquired a new stake in shares of Eagle Bulk Shipping in the 2nd quarter worth $206,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of Eagle Bulk Shipping in the 2nd quarter worth $306,000. 17.62% of the stock is owned by hedge funds and other institutional investors.

Eagle Bulk Shipping Company Profile

Eagle Bulk Shipping Inc is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with particular emphasis on the Supramax class of vessels.

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