Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “Genco Shipping & Trading Ltd. is a ship owning company. It transport iron ore, coal, grain, steel products and other drybulk cargoes along shipping routes. The company owned fleet of dry cargo vessels which consists of Capesize, Panamax, Ultramax, Supramax, Handymax and Handysize vessels. Genco Shipping & Trading Ltd. is based in New York, United States. “

Several other brokerages have also commented on GNK. BidaskClub upgraded Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. ValuEngine lowered Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “sell” rating in a research report on Tuesday. Jefferies Group LLC reiterated a “buy” rating and issued a $20.00 target price (down previously from $22.00) on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a research report on Saturday, July 22nd. Finally, 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 for the company in a research report on Wednesday, May 10th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a consensus rating of “Hold” and an average price target of $15.20.

Shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) traded up 6.85% during trading on Friday, reaching $11.85. The company had a trading volume of 113,777 shares. The company’s market capitalization is $408.00 million. The firm has a 50-day moving average price of $9.97 and a 200-day moving average price of $10.60. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 52-week low of $3.62 and a 52-week high of $14.99.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) last issued its quarterly earnings data on Monday, August 7th. The shipping company reported ($0.36) earnings per share 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 9.10% and a negative net margin of 49.36%. The firm had revenue of $45.37 million during the quarter, compared to analyst estimates of $43.91 million. On average, analysts predict that Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 will post ($1.65) EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of GNK. Schwab Charles Investment Management Inc. purchased a new position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the second quarter valued at approximately $194,000. Goldman Sachs Group Inc. purchased a new position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter valued at approximately $470,000. Raynor Geoffrey raised its position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 20.7% in the first quarter. Raynor Geoffrey now owns 112,796 shares of the shipping company’s stock valued at $1,410,000 after buying an additional 19,323 shares during the last quarter. Q Global Advisors LLC purchased a new position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter valued at approximately $20,469,000. Finally, Jane Street Group LLC purchased a new position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter valued at approximately $134,000. Institutional investors own 56.45% of the company’s stock.

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