Star Bulk Carriers (SBLK) Downgraded by BidaskClub to “Sell”
BidaskClub downgraded shares of Star Bulk Carriers (NASDAQ:SBLK) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.
Several other brokerages have also recently weighed in on SBLK. Zacks Investment Research cut Star Bulk Carriers from a buy rating to a hold rating in a report on Friday, January 26th. Jefferies Group restated a buy rating and issued a $15.00 price objective on shares of Star Bulk Carriers in a report on Thursday, October 19th. Finally, Stifel Nicolaus set a $11.00 price objective on Star Bulk Carriers and gave the company a hold rating in a report on Sunday, October 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $13.00.
Star Bulk Carriers (SBLK) opened at $10.51 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.64 and a quick ratio of 2.64. Star Bulk Carriers has a 1-year low of $7.57 and a 1-year high of $13.40.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Oaktree Capital Management LP grew its holdings in shares of Star Bulk Carriers by 0.4% in the 3rd quarter. Oaktree Capital Management LP now owns 32,579,506 shares of the shipping company’s stock valued at $316,347,000 after acquiring an additional 140,000 shares in the last quarter. Impala Asset Management LLC lifted its stake in Star Bulk Carriers by 121.3% in the 3rd quarter. Impala Asset Management LLC now owns 4,308,203 shares of the shipping company’s stock valued at $41,833,000 after purchasing an additional 2,361,428 shares during the last quarter. Caspian Capital LP lifted its stake in Star Bulk Carriers by 10.7% in the 2nd quarter. Caspian Capital LP now owns 3,167,787 shares of the shipping company’s stock valued at $31,139,000 after purchasing an additional 306,341 shares during the last quarter. Horseman Capital Management Ltd lifted its stake in Star Bulk Carriers by 10.8% in the 3rd quarter. Horseman Capital Management Ltd now owns 954,600 shares of the shipping company’s stock valued at $9,269,000 after purchasing an additional 93,400 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC acquired a new stake in Star Bulk Carriers in the 4th quarter valued at about $4,176,000. Institutional investors own 70.49% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This report was first posted by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.watchlistnews.com/star-bulk-carriers-sblk-downgraded-by-bidaskclub-to-sell/1841593.html.
Star Bulk Carriers 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).
Receive News & Ratings for Star Bulk Carriers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Star Bulk Carriers and related companies with MarketBeat.com's FREE daily email newsletter.