Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK) – Equities research analysts at Jefferies Group issued their FY2017 earnings per share (EPS) estimates for shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) in a report released on Monday. Jefferies Group analyst R. Giveans expects that the shipping company will post earnings of ($1.48) per share for the year. Jefferies Group currently has a “Buy” rating and a $20.00 target price on the stock. Jefferies Group also issued estimates for Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands)’s Q4 2017 earnings at ($0.10) EPS and FY2018 earnings at $0.31 EPS.

Other research analysts have also issued research reports about the stock. Evercore ISI initiated coverage on shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) in a report on Monday, November 20th. They issued an “outperform” rating and a $15.00 price objective for the company. ValuEngine lowered shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) from a “hold” rating to a “sell” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.17.

Genco Shipping & Trading Limited Ordinary Shares New (NYSE GNK) opened at $13.00 on Wednesday. Genco Shipping & Trading Limited Ordinary Shares New has a fifty-two week low of $6.90 and a fifty-two week high of $14.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.23 and a quick ratio of 5.23.

In other Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) news, major shareholder Cayman Gp Ltd. Ccp II sold 320,462 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $13.11, for a total transaction of $4,201,256.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.30% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. EAM Investors LLC bought a new stake in shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) in the 3rd quarter valued at $486,000. American Century Companies Inc. bought a new stake in shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) in the 3rd quarter valued at $208,000. California State Teachers Retirement System bought a new stake in shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) in the 2nd quarter valued at $129,000. Cubist Systematic Strategies LLC increased its stake in shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) by 9.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 16,692 shares of the shipping company’s stock valued at $158,000 after acquiring an additional 1,457 shares in the last quarter. Finally, State Street Corp bought a new stake in shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) in the 2nd quarter valued at $582,000. Institutional investors own 57.28% of the company’s stock.

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Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) Company Profile

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ores, coal, grains, steel products, and other dry-bulk cargoes. The company charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities.

Earnings History and Estimates for Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK)

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