TheStreet lowered shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) from a c rating to a d+ rating in a research report sent to investors on Thursday morning.

Several other brokerages have also recently commented on SBLK. Pareto Securities upgraded shares of Star Bulk Carriers Corp. from a hold rating to a buy rating in a research report on Friday, September 8th. Zacks Investment Research lowered shares of Star Bulk Carriers Corp. from a hold rating to a sell rating in a research report on Wednesday, September 20th. Finally, BidaskClub upgraded shares of Star Bulk Carriers Corp. from a sell rating to a hold rating in a research report on Monday, August 14th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $12.50.

Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) traded down 1.54% on Thursday, reaching $9.56. 250,919 shares of the company’s stock traded hands. The company’s market cap is $606.25 million. The stock has a 50-day moving average price of $10.88 and a 200-day moving average price of $9.92. Star Bulk Carriers Corp. has a 12-month low of $4.04 and a 12-month high of $13.40.

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Institutional investors and hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC lifted its holdings in Star Bulk Carriers Corp. by 122.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 117,580 shares of the shipping company’s stock worth $1,397,000 after buying an additional 64,780 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Star Bulk Carriers Corp. during the 1st quarter worth approximately $1,529,000. Royce & Associates LP bought a new position in shares of Star Bulk Carriers Corp. during the 1st quarter worth approximately $1,984,000. Leucadia National Corp bought a new position in shares of Star Bulk Carriers Corp. during the 1st quarter worth approximately $351,000. Finally, Bogle Investment Management L P DE bought a new position in shares of Star Bulk Carriers Corp. during the 1st quarter worth approximately $1,889,000. 75.03% of the stock is currently owned by institutional investors and hedge funds.

Star Bulk Carriers Corp. Company Profile

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).

Analyst Recommendations for Star Bulk Carriers Corp. (NASDAQ:SBLK)

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