Shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) have received a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $16.50.

GNK has been the topic of a number of research analyst reports. BidaskClub lowered Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Wednesday, May 3rd. Seaport Global Securities upgraded Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Wednesday, May 10th. They noted that the move was a valuation call. Jefferies Group LLC upped their target price on Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Finally, ValuEngine lowered Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE GNK) traded down 0.14% during mid-day trading on Friday, reaching $13.91. The company had a trading volume of 54,663 shares. The stock has a 50 day moving average price of $11.45 and a 200-day moving average price of $10.93. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 12-month low of $4.12 and a 12-month high of $14.99. The stock’s market capitalization is $478.85 million.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) last released its quarterly earnings data on Monday, August 7th. The shipping company reported ($0.36) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.03. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 had a negative return on equity of 8.98% and a negative net margin of 49.36%. The company had revenue of $45.37 million for the quarter, compared to analyst estimates of $43.91 million. Equities analysts anticipate that Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 will post ($1.41) EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of GNK. Jane Street Group LLC purchased a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth about $134,000. Bank of New York Mellon Corp purchased a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth about $136,000. Segantii Capital Management Ltd purchased a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth about $141,000. California State Teachers Retirement System purchased a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the second quarter worth about $129,000. Finally, Citigroup Inc. boosted its position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 0.4% in the second quarter. Citigroup Inc. now owns 13,652 shares of the shipping company’s stock worth $129,000 after buying an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 58.22% of the company’s stock.

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

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