Star Bulk Carriers Corp. (NASDAQ:SBLK) – Equities research analysts at Jefferies Group upped their Q4 2017 earnings estimates for shares of Star Bulk Carriers Corp. in a note issued to investors on Monday. Jefferies Group analyst D. Mavrinac now expects that the shipping company will earn $0.11 per share for the quarter, up from their previous forecast of $0.07. Jefferies Group currently has a “Buy” rating and a $15.00 target price on the stock. Jefferies Group also issued estimates for Star Bulk Carriers Corp.’s FY2018 earnings at $0.90 EPS.

Other research analysts have also recently issued reports about the stock. TheStreet upgraded shares of Star Bulk Carriers Corp. from a “d+” rating to a “c” rating in a research report on Wednesday, August 9th. BidaskClub raised Star Bulk Carriers Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Stifel Nicolaus set a $11.00 price objective on Star Bulk Carriers Corp. and gave the company a “hold” rating in a research note on Sunday, October 22nd. Zacks Investment Research lowered Star Bulk Carriers Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. Finally, Pareto Securities raised Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Star Bulk Carriers Corp. has an average rating of “Buy” and an average price target of $13.00.

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Star Bulk Carriers Corp. (SBLK) opened at $9.61 on Thursday. Star Bulk Carriers Corp. has a 52-week low of $4.63 and a 52-week high of $13.40. The company has a quick ratio of 6.93, a current ratio of 6.93 and a debt-to-equity ratio of 0.96.

A number of institutional investors have recently made changes to their positions in SBLK. Impala Asset Management LLC lifted its position in Star Bulk Carriers Corp. by 121.3% during the third quarter. Impala Asset Management LLC now owns 4,308,203 shares of the shipping company’s stock valued at $41,833,000 after buying an additional 2,361,428 shares during the period. Marshall Wace LLP purchased a new position in Star Bulk Carriers Corp. during the second quarter valued at $4,046,000. Renaissance Technologies LLC lifted its position in Star Bulk Carriers Corp. by 233.3% during the first quarter. Renaissance Technologies LLC now owns 576,599 shares of the shipping company’s stock valued at $6,850,000 after buying an additional 403,619 shares during the period. Caspian Capital LP lifted its position in Star Bulk Carriers Corp. by 10.7% during the second quarter. Caspian Capital LP now owns 3,167,787 shares of the shipping company’s stock valued at $31,139,000 after buying an additional 306,341 shares during the period. Finally, Leucadia National Corp lifted its position in Star Bulk Carriers Corp. by 491.5% during the second quarter. Leucadia National Corp now owns 174,589 shares of the shipping company’s stock valued at $1,716,000 after buying an additional 145,073 shares during the period. 74.23% of the stock is owned by institutional investors and hedge funds.

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).

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