Renaissance Technologies LLC Has $17.82 Million Position in CMB.TECH nv $CMBT

Renaissance Technologies LLC boosted its stake in shares of CMB.TECH nv (NYSE:CMBT) by 288.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,408,300 shares of the company’s stock after acquiring an additional 1,045,800 shares during the period. Renaissance Technologies LLC’s holdings in CMB.TECH were worth $17,815,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mcguire Capital Advisors Inc. bought a new stake in shares of CMB.TECH during the 4th quarter valued at $26,000. Raymond James Financial Inc. acquired a new position in CMB.TECH in the second quarter valued at about $27,000. Caitong International Asset Management Co. Ltd acquired a new position in CMB.TECH in the fourth quarter valued at about $29,000. Valley Wealth Managers Inc. bought a new stake in CMB.TECH during the first quarter worth about $33,000. Finally, Public Employees Retirement System of Ohio bought a new stake in CMB.TECH during the third quarter worth about $45,000.

CMB.TECH Stock Up 2.8%

Shares of NYSE:CMBT opened at $16.02 on Friday. CMB.TECH nv has a 52-week low of $7.78 and a 52-week high of $17.72. The company has a market capitalization of $3.20 billion, a PE ratio of 9.48 and a beta of 0.12. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.85 and a current ratio of 0.95. The company has a fifty day moving average of $15.21 and a 200-day moving average of $13.90.

CMB.TECH (NYSE:CMBT) last issued its quarterly earnings data on Tuesday, May 19th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $1.00. The business had revenue of $519.63 million during the quarter, compared to analyst estimates of $422.43 million. CMB.TECH had a net margin of 24.94% and a return on equity of 18.25%.

CMB.TECH Dividend Announcement

The firm also recently declared a special dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 3rd were issued a dividend of $0.44 per share. The ex-dividend date was Wednesday, June 3rd. CMB.TECH’s dividend payout ratio is presently 36.69%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CMBT. Weiss Ratings raised CMB.TECH from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Wall Street Zen raised CMB.TECH from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Finally, Berenberg Bank upgraded CMB.TECH to a “strong-buy” rating in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, CMB.TECH presently has a consensus rating of “Buy”.

About CMB.TECH

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.