Star Bulk Carriers Corp. (NASDAQ:SBLK) received a $11.00 price target from equities research analysts at Stifel Nicolaus in a research note issued on Sunday. The firm currently has a “hold” rating on the shipping company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 5.06% from the company’s current price.

A number of other research firms have also commented on SBLK. Pareto Securities raised shares of Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Zacks Investment Research downgraded shares of Star Bulk Carriers Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. BidaskClub upgraded shares of Star Bulk Carriers Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Jefferies Group LLC restated a “buy” rating and issued a $15.00 price objective on shares of Star Bulk Carriers Corp. in a research note on Thursday. Finally, TheStreet upgraded shares of Star Bulk Carriers Corp. from a “d+” rating to a “c” rating in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Star Bulk Carriers Corp. presently has an average rating of “Buy” and an average target price of $13.00.

Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) traded up 1.45% during trading on Friday, reaching $10.47. 664,500 shares of the company traded hands. Star Bulk Carriers Corp. has a 12 month low of $4.04 and a 12 month high of $13.40. The firm’s market capitalization is $663.96 million. The firm has a 50-day moving average price of $10.44 and a 200-day moving average price of $9.87.

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A number of large investors have recently added to or reduced their stakes in the business. Caspian Capital LP raised its stake in shares of Star Bulk Carriers Corp. by 10.7% during the 2nd quarter. Caspian Capital LP now owns 3,167,787 shares of the shipping company’s stock worth $31,139,000 after purchasing an additional 306,341 shares in the last quarter. Impala Asset Management LLC raised its stake 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 acquiring an additional 1,387,975 shares during the period. Renaissance Technologies LLC raised its stake 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 acquiring an additional 403,619 shares during the period. Marshall Wace LLP bought a new stake in Star Bulk Carriers Corp. in the 2nd quarter valued at $4,046,000. Finally, River & Mercantile Asset Management LLP raised its stake in Star Bulk Carriers Corp. by 57.9% in 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 acquiring an additional 109,600 shares during the period. 73.77% of the stock is owned by hedge funds and other institutional investors.

About Star Bulk Carriers Corp.

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).

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

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