Star Bulk Carriers Corp. (NASDAQ:SBLK) was upgraded by equities research analysts at Pareto Securities from a “hold” rating to a “buy” rating in a note issued to investors on Friday, The Fly reports.

A number of other research analysts also recently issued reports on the stock. Seaport Global Securities upgraded shares of Star Bulk Carriers Corp. from a “neutral” rating to a “buy” rating and raised their price target for the stock from $11.50 to $13.00 in a research report on Friday, May 26th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Star Bulk Carriers Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. Jefferies Group LLC restated a “buy” rating and issued a $13.00 price target on shares of Star Bulk Carriers Corp. in a research report on Friday, May 26th. BidaskClub downgraded shares of Star Bulk Carriers Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, TheStreet upgraded shares of Star Bulk Carriers Corp. from a “d+” rating to a “c” rating in a research report on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Star Bulk Carriers Corp. presently has a consensus rating of “Buy” and an average price target of $12.50.

Star Bulk Carriers Corp. (NASDAQ:SBLK) traded up 0.44% during midday trading on Friday, hitting $11.30. 312,318 shares of the stock traded hands. Star Bulk Carriers Corp. has a one year low of $4.03 and a one year high of $13.40. The company’s 50-day moving average is $10.61 and its 200-day moving average is $9.85. The company’s market cap is $715.70 million.

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A number of large investors have recently modified their holdings of the stock. Caspian Capital LP lifted its position in Star Bulk Carriers Corp. 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. Impala Asset Management LLC lifted its position in Star Bulk Carriers Corp. by 248.4% in the 2nd quarter. Impala Asset Management LLC now owns 1,946,775 shares of the shipping company’s stock valued at $19,137,000 after purchasing an additional 1,387,975 shares during the last quarter. Renaissance Technologies LLC lifted its position in Star Bulk Carriers Corp. by 233.3% in the 1st quarter. Renaissance Technologies LLC now owns 576,599 shares of the shipping company’s stock valued at $6,850,000 after purchasing an additional 403,619 shares during the last quarter. Marshall Wace LLP bought a new stake in Star Bulk Carriers Corp. in the 2nd quarter valued at about $4,046,000. Finally, River & Mercantile Asset Management LLP increased its stake in Star Bulk Carriers Corp. by 57.9% during the 2nd quarter. River & Mercantile Asset Management LLP now owns 298,819 shares of the shipping company’s stock valued at $2,934,000 after buying an additional 109,600 shares during the period. Hedge funds and other institutional investors own 75.03% of the company’s stock.

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).

The Fly

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

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