PDT Partners LLC Has $68,000 Stock Position in Danaos Co. (NYSE:DAC)
PDT Partners LLC grew its holdings in Danaos Co. (NYSE:DAC) by 28.6% during the second quarter, Holdings Channel.com reports. The firm owned 18,100 shares of the shipping company’s stock after acquiring an additional 4,021 shares during the quarter. PDT Partners LLC’s holdings in Danaos were worth $68,000 as of its most recent SEC filing.
Separately, JPMorgan Chase & Co. boosted its position in shares of Danaos by 74.1% during the 1st quarter. JPMorgan Chase & Co. now owns 28,582 shares of the shipping company’s stock valued at $114,000 after acquiring an additional 12,164 shares during the last quarter. Institutional investors and hedge funds own 24.09% of the company’s stock.
A number of equities analysts have commented on DAC shares. TheStreet raised Danaos from a “d+” rating to a “c-” rating in a research note on Wednesday, August 19th. ValuEngine cut Danaos from a “sell” rating to a “strong sell” rating in a research report on Monday, August 3rd. Finally, Zacks Investment Research raised Danaos from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research note on Friday, August 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $7.25.
Danaos (NYSE:DAC) last posted its quarterly earnings data on Monday, August 3rd. The shipping company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.29. Danaos had a return on equity of 17.20% and a net margin of 30.39%. The business had revenue of $116.82 million during the quarter, compared to analyst estimates of $106.46 million. As a group, analysts expect that Danaos Co. will post 6.15 earnings per share for the current fiscal year.
Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of February 28, 2019, it had a fleet of 55 containerships aggregating 327,616 twenty foot equivalent units in capacity.
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