California Public Employees Retirement System held its position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,638 shares of the shipping company’s stock at the end of the first quarter. California Public Employees Retirement System owned 0.27% of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 worth $245,000 as of its most recent filing with the SEC.

Separately, Bank of New York Mellon Corp acquired a new stake in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth approximately $136,000. Hedge funds and other institutional investors own 58.22% of the company’s stock.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE GNK) traded down 0.79% during mid-day trading on Wednesday, reaching $13.89. 17,154 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $10.95 and its 200 day moving average is $10.80. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 1-year low of $3.92 and a 1-year high of $14.99. The stock’s market capitalization is $478.16 million.

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

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A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a report on Friday, August 11th. ValuEngine downgraded shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. BidaskClub upgraded shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $20.00 price objective (down previously from $22.00) on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $15.20.

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.

Institutional Ownership by Quarter for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK)

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