Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

A number of other equities analysts also recently commented on the company. Jefferies Group LLC raised their price objective on 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. Zacks Investment Research downgraded Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “buy” rating to a “hold” rating in a report on Friday, April 28th. Seaport Global Securities upgraded Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Wednesday, May 10th. They noted that the move was a valuation call. Finally, BidaskClub upgraded Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $15.20.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) traded down 4.39% during trading on Tuesday, reaching $10.90. The company’s stock had a trading volume of 182,854 shares. The company’s market capitalization is $375.04 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. The company’s 50-day moving average is $9.74 and its 200-day moving average is $10.57.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) last released its quarterly earnings data on Monday, August 7th. The shipping company reported ($0.36) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.03. The company had revenue of $45.37 million for the quarter, compared to the consensus estimate of $43.91 million. 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%. Equities analysts anticipate that Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 will post ($1.65) EPS for the current year.

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Several large investors have recently made changes to their positions in GNK. Jane Street Group LLC bought a new stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter valued at approximately $134,000. Bank of New York Mellon Corp bought a new stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter valued at approximately $136,000. Segantii Capital Management Ltd bought a new stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter valued at approximately $141,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the second quarter valued at approximately $194,000. Finally, Citadel Advisors LLC bought a new stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter valued at approximately $325,000. Institutional investors and hedge funds own 56.45% of the company’s stock.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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