Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a note issued to investors on Tuesday.

According to Zacks, “Genco Shipping & Trading Ltd. is a ship owning company. It transport iron ore, coal, grain, steel products and other drybulk cargoes along shipping routes. The company owned fleet of dry cargo vessels which consists of Capesize, Panamax, Ultramax, Supramax, Handymax and Handysize vessels. Genco Shipping & Trading Ltd. is based in New York, United States. “

A number of other analysts have also commented on the stock. BidaskClub raised shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. ValuEngine lowered shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Jefferies Group LLC lifted their target price on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th. Seaport Global Securities raised shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “neutral” rating to a “buy” rating and set a $16.00 target price for the company in a report on Wednesday, May 10th. They noted that the move was a valuation call. Finally, Clarkson Capital assumed coverage on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a report on Tuesday, April 4th. They set a “buy” rating and a $17.00 target price for the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $15.60.

Shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) traded down 5.36% during midday trading on Tuesday, hitting $10.24. The stock had a trading volume of 62,796 shares. The stock’s market cap is $352.33 million. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 52 week low of $3.62 and a 52 week high of $14.99. The stock has a 50-day moving average of $9.72 and a 200 day moving average of $10.19.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) last released its earnings results on Monday, May 8th. The shipping company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.59) by $0.07. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 had a negative return on equity of 12.03% and a negative net margin of 116.60%. The business had revenue of $38.25 million for the quarter, compared to analyst estimates of $39.31 million. Analysts anticipate that Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 will post ($1.51) EPS for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in GNK. Goldman Sachs Group Inc. acquired a new stake in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth approximately $470,000. Raynor Geoffrey raised its position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 20.7% in the first quarter. Raynor Geoffrey now owns 112,796 shares of the shipping company’s stock valued at $1,410,000 after buying an additional 19,323 shares during the period. Q Global Advisors LLC purchased a new position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter valued at about $20,469,000. Jane Street Group LLC purchased a new position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter valued at about $134,000. Finally, Apollo Management Holdings L.P. raised its position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 428.9% in the first quarter. Apollo Management Holdings L.P. now owns 5,415,805 shares of the shipping company’s stock valued at $67,698,000 after buying an additional 4,391,751 shares during the period. 56.45% of the stock is owned by hedge funds and other institutional investors.

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