Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) – Research analysts at Jefferies Group dropped their Q3 2017 EPS estimates for shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a research report issued on Thursday. Jefferies Group analyst D. Mavrinac now expects that the shipping company will earn ($0.27) per share for the quarter, down from their previous forecast of ($0.05). Jefferies Group has a “Buy” rating and a $20.00 price objective on the stock. Jefferies Group also issued estimates for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021’s FY2017 earnings at ($1.33) EPS.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) last released its quarterly earnings results on Monday, August 7th. The shipping company reported ($0.36) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.03. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 had a negative net margin of 49.36% and a negative return on equity of 8.98%. The firm had revenue of $45.37 million for the quarter, compared to analysts’ expectations of $43.91 million.

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Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. ValuEngine lowered Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, BidaskClub upgraded Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.20.

Shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE GNK) opened at 13.01 on Monday. The company has a 50-day moving average of $12.39 and a 200-day moving average of $12.39. The firm’s market cap is $447.87 million. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 1-year low of $5.31 and a 1-year high of $14.99.

A number of institutional investors and hedge funds have recently made changes to their positions in GNK. Renaissance Technologies LLC bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in the 1st quarter valued at $1,989,000. Mangrove Partners boosted its position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 23.7% in the 2nd quarter. Mangrove Partners now owns 675,024 shares of the shipping company’s stock valued at $6,392,000 after buying an additional 129,518 shares during the last quarter. Northern Trust Corp boosted its position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 388.0% in the 2nd quarter. Northern Trust Corp now owns 82,303 shares of the shipping company’s stock valued at $779,000 after buying an additional 65,437 shares during the last quarter. State Street Corp bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in the 2nd quarter valued at $582,000. Finally, TIAA CREF Investment Management LLC bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in the 2nd quarter valued at $566,000. Hedge funds and other institutional investors own 58.22% of the company’s stock.

About Genco Shipping & Trading Limited Warrants Expiring 12/31/2021

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ores, coal, grains, steel products, and other dry-bulk cargoes. The company charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities.

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

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