Goldman Sachs Group Inc. lowered its position in shares of Gener8 Maritime, Inc. (NYSE:GNRT) by 14.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,664 shares of the shipping company’s stock after selling 5,560 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Gener8 Maritime were worth $186,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GNRT. Bank of New York Mellon Corp raised its position in shares of Gener8 Maritime by 1.0% during the first quarter. Bank of New York Mellon Corp now owns 222,466 shares of the shipping company’s stock worth $1,261,000 after acquiring an additional 2,254 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Gener8 Maritime by 455.8% during the first quarter. Parametric Portfolio Associates LLC now owns 76,413 shares of the shipping company’s stock worth $433,000 after acquiring an additional 62,665 shares during the last quarter. American International Group Inc. raised its position in shares of Gener8 Maritime by 7.1% during the first quarter. American International Group Inc. now owns 24,173 shares of the shipping company’s stock worth $137,000 after acquiring an additional 1,598 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Gener8 Maritime by 4.7% during the first quarter. Alliancebernstein L.P. now owns 24,600 shares of the shipping company’s stock worth $139,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Gener8 Maritime by 7.1% during the first quarter. Geode Capital Management LLC now owns 619,452 shares of the shipping company’s stock worth $3,512,000 after acquiring an additional 41,146 shares during the last quarter. Institutional investors own 76.13% of the company’s stock.

Shares of Gener8 Maritime, Inc. (NYSE GNRT) opened at $4.70 on Wednesday. The company has a market capitalization of $387.56, a PE ratio of 24.58 and a beta of 1.40. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.93. Gener8 Maritime, Inc. has a fifty-two week low of $3.55 and a fifty-two week high of $6.16.

Gener8 Maritime (NYSE:GNRT) last released its quarterly earnings data on Thursday, November 9th. The shipping company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.06). The company had revenue of $47.89 million during the quarter, compared to the consensus estimate of $47.06 million. Gener8 Maritime had a negative net margin of 34.10% and a positive return on equity of 1.16%. The company’s revenue for the quarter was down 30.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.01) EPS. equities analysts expect that Gener8 Maritime, Inc. will post -0.14 EPS for the current fiscal year.

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GNRT has been the subject of a number of recent research reports. BidaskClub upgraded Gener8 Maritime from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Zacks Investment Research upgraded Gener8 Maritime from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Jefferies Group LLC reiterated a “buy” rating on shares of Gener8 Maritime in a report on Thursday, October 19th. ValuEngine downgraded Gener8 Maritime from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, TheStreet upgraded Gener8 Maritime from a “d” rating to a “c-” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $10.00.

Gener8 Maritime Company Profile

Gener8 Maritime, Inc is a provider of international seaborne crude oil transportation services. The Company operates through the transportation of international seaborne crude oil and petroleum products with its fleet of vessels segment. As of March 10, 2017, the Company owned a fleet of 40 tankers on the water, consisting of 24 Very Large Crude Carriers (VLCCs), 10 Suezmax vessels, four Aframax vessels and two Panamax vessels, with an aggregate carrying capacity of 9.4 million deadweight tons (DWT) and one eco VLCC newbuilding.

Institutional Ownership by Quarter for Gener8 Maritime (NYSE:GNRT)

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