Ship Finance International Limited (NYSE:SFL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

According to Zacks, “Ship Finance is a major shipowning company. Including newbuildings, Ship Finance owns a fleet consisting of vessels, including crude oil tankers (VLCC and Suezmax), oil/bulk/ore vessels, container vessels, dry bulk carriers, jack-up drilling rigs and seismic vessels. The fleet is one of the largest in the world and most of the vessels are employed on medium- or long-term charters. “

Separately, Clarkson Capital raised Ship Finance International Limited from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 17th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.00.

Ship Finance International Limited (NYSE:SFL) opened at $14.95 on Friday. The firm has a market cap of $1,397.89, a price-to-earnings ratio of 10.91 and a beta of 1.40.

Ship Finance International Limited (NYSE:SFL) last announced its quarterly earnings data on Wednesday, August 30th. The shipping company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $94.22 million for the quarter, compared to analyst estimates of $95.70 million. Ship Finance International Limited had a return on equity of 11.26% and a net margin of 29.59%. analysts forecast that Ship Finance International Limited will post 1.22 earnings per share for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of SFL. Northern Trust Corp increased its stake in shares of Ship Finance International Limited by 28.7% in the 2nd quarter. Northern Trust Corp now owns 2,917,756 shares of the shipping company’s stock worth $39,681,000 after acquiring an additional 650,211 shares during the last quarter. Gotham Asset Management LLC increased its stake in shares of Ship Finance International Limited by 86.2% in the 2nd quarter. Gotham Asset Management LLC now owns 573,465 shares of the shipping company’s stock worth $7,799,000 after acquiring an additional 265,450 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Ship Finance International Limited in the 1st quarter worth $2,898,000. State Street Corp increased its stake in shares of Ship Finance International Limited by 13.5% in the 1st quarter. State Street Corp now owns 1,184,359 shares of the shipping company’s stock worth $17,413,000 after acquiring an additional 140,650 shares during the last quarter. Finally, LSV Asset Management increased its stake in shares of Ship Finance International Limited by 48.0% in the 2nd quarter. LSV Asset Management now owns 257,200 shares of the shipping company’s stock worth $3,497,000 after acquiring an additional 83,400 shares during the last quarter. 26.40% of the stock is owned by institutional investors and hedge funds.

About Ship Finance International Limited

Ship Finance International Limited is a holding, and international ship owning and chartering company. The Company is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. Its assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers.

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