Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) released its quarterly earnings results on Monday. The shipping company reported ($0.36) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.03, Morningstar.com reports. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 had a negative net margin of 116.60% and a negative return on equity of 12.03%.

Shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) traded down 5.09% during trading on Tuesday, reaching $10.82. 39,420 shares of the company’s stock traded hands. The company has a 50 day moving average of $9.72 and a 200-day moving average of $10.58. The company’s market capitalization is $372.28 million. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 1-year low of $3.62 and a 1-year high of $14.99.

Several analysts recently commented on GNK shares. Jefferies Group LLC upped their price target on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. Zacks Investment Research cut shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. 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 price objective on the stock in a research note on Wednesday, May 10th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.20.

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Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 240.3% in the second quarter. Bank of New York Mellon Corp now owns 37,093 shares of the shipping company’s stock worth $351,000 after buying an additional 26,194 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new stake in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the second quarter worth about $194,000. Goldman Sachs Group Inc. bought a new stake in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth about $470,000. Raynor Geoffrey boosted its stake in 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 worth $1,410,000 after buying an additional 19,323 shares during the last quarter. Finally, Q Global Advisors LLC bought a new stake in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth about $20,469,000. Institutional investors own 56.45% of the company’s stock.

Earnings History for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK)

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