ValuEngine downgraded shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

Several other analysts have also weighed in on GNK. BidaskClub raised Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a sell rating to a hold rating in a report on Thursday, August 3rd. Zacks Investment Research raised Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a sell rating to a hold rating in a research note on Friday, August 11th. Finally, Jefferies Group LLC reaffirmed a buy rating and issued a $20.00 price target (down previously from $22.00) on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a research note on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $15.20.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) traded down $0.04 on Thursday, reaching $11.53. The company’s stock had a trading volume of 70,576 shares, compared to its average volume of 64,065. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 12-month low of $5.34 and a 12-month high of $14.99. The company has a current ratio of 5.84, a quick ratio of 5.84 and a debt-to-equity ratio of 0.51.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) last announced its quarterly earnings data on Monday, August 7th. The shipping company reported ($0.36) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.03. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 had a negative return on equity of 7.34% and a negative net margin of 48.02%. The company had revenue of $45.37 million for the quarter, compared to analyst estimates of $43.91 million. research analysts expect that Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 will post -1.61 EPS for the current fiscal year.

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Hedge funds have recently made changes to their positions in the stock. Citigroup Inc. boosted its stake in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 0.4% in the 2nd quarter. Citigroup Inc. now owns 13,652 shares of the shipping company’s stock valued at $129,000 after buying an additional 51 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 240.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 37,093 shares of the shipping company’s stock valued at $351,000 after buying an additional 26,194 shares in the last quarter. Mangrove Partners boosted its stake in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 23.7% in the 2nd quarter. Mangrove Partners now owns 675,024 shares of the shipping company’s stock valued at $6,392,000 after buying an additional 129,518 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in the 1st quarter valued at $470,000. Finally, Jane Street Group LLC bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in the 1st quarter valued at $134,000. 58.20% of the stock is currently owned by institutional investors and hedge funds.

About Genco Shipping & Trading Limited Warrants Expiring 12/31/2021

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.

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