Star Bulk Carriers Corp. (NASDAQ:SBLK) – Equities researchers at Jefferies Group lifted their Q4 2017 earnings estimates for Star Bulk Carriers Corp. in a report released on Monday. Jefferies Group analyst D. Mavrinac now expects that the shipping company will post earnings per share of $0.11 for the quarter, up from their previous forecast of $0.07. Jefferies Group has a “Buy” rating and a $15.00 price objective on the stock. Jefferies Group also issued estimates for Star Bulk Carriers Corp.’s FY2018 earnings at $0.90 EPS.

Several other research firms also recently weighed in on SBLK. Zacks Investment Research upgraded shares of Star Bulk Carriers Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Pareto Securities upgraded shares of Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 8th. BidaskClub upgraded shares of Star Bulk Carriers Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 14th. TheStreet downgraded shares of Star Bulk Carriers Corp. from a “c” rating to a “d+” rating in a report on Thursday, September 28th. Finally, Stifel Nicolaus set a $11.00 price target on shares of Star Bulk Carriers Corp. and gave the stock a “hold” rating in a report on Sunday, October 22nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $13.00.

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Star Bulk Carriers Corp. (NASDAQ:SBLK) opened at $9.61 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 6.93 and a quick ratio of 6.93. Star Bulk Carriers Corp. has a twelve month low of $4.63 and a twelve month high of $13.40.

A number of institutional investors have recently added to or reduced their stakes in the stock. Oaktree Capital Management LP grew its holdings in Star Bulk Carriers Corp. by 0.4% in the third quarter. Oaktree Capital Management LP now owns 32,579,506 shares of the shipping company’s stock valued at $316,347,000 after purchasing an additional 140,000 shares during the period. Impala Asset Management LLC lifted its position in Star Bulk Carriers Corp. by 121.3% during the third quarter. Impala Asset Management LLC now owns 4,308,203 shares of the shipping company’s stock valued at $41,833,000 after buying an additional 2,361,428 shares in the last quarter. Caspian Capital LP lifted its position in Star Bulk Carriers Corp. by 10.7% during the second quarter. Caspian Capital LP now owns 3,167,787 shares of the shipping company’s stock valued at $31,139,000 after buying an additional 306,341 shares in the last quarter. Horseman Capital Management Ltd lifted its position in Star Bulk Carriers Corp. by 10.8% during the third quarter. Horseman Capital Management Ltd now owns 954,600 shares of the shipping company’s stock valued at $9,269,000 after buying an additional 93,400 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Star Bulk Carriers Corp. by 233.3% during the first quarter. Renaissance Technologies LLC now owns 576,599 shares of the shipping company’s stock valued at $6,850,000 after buying an additional 403,619 shares in the last quarter. Hedge funds and other institutional investors own 74.23% of the company’s stock.

About Star Bulk Carriers Corp.

Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. As of December 31, 2016, the Company’s fleet included 73 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels with a carrying capacity between 52,055 and 209,537 deadweight tonnage (dwt).

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