Seaspan Co. (NYSE:SSW) CEO Gerry Yougui Wang sold 634,762 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $7.45, for a total transaction of $4,728,976.90. Following the transaction, the chief executive officer now directly owns 2,042,848 shares in the company, valued at $15,219,217.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Gerry Yougui Wang also recently made the following trade(s):
- On Tuesday, August 29th, Gerry Yougui Wang bought 10,076 shares of Seaspan stock. The shares were purchased at an average cost of $6.39 per share, for a total transaction of $64,385.64.
Seaspan Co. (NYSE SSW) traded up 3.10% during trading on Friday, hitting $6.99. 3,293,326 shares of the stock traded hands. Seaspan Co. has a one year low of $5.02 and a one year high of $14.12. The stock’s market cap is $823.68 million. The company has a 50-day moving average price of $6.91 and a 200 day moving average price of $6.57.
ILLEGAL ACTIVITY WARNING: This news story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://ledgergazette.com/2017/09/17/seaspan-corporation-ssw-ceo-sells-4728976-90-in-stock.html.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Private Advisor Group LLC bought a new position in shares of Seaspan in the first quarter valued at about $111,000. Cue Financial Group Inc. raised its holdings in shares of Seaspan by 13.0% in the second quarter. Cue Financial Group Inc. now owns 17,400 shares of the shipping company’s stock valued at $124,000 after buying an additional 2,000 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Seaspan by 9.3% in the first quarter. Bank of America Corp DE now owns 20,822 shares of the shipping company’s stock valued at $144,000 after buying an additional 1,775 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in shares of Seaspan by 25.5% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 21,150 shares of the shipping company’s stock valued at $151,000 after buying an additional 4,300 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. bought a new position in shares of Seaspan in the second quarter valued at about $157,000. 15.33% of the stock is owned by institutional investors.
Several analysts recently issued reports on SSW shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $7.00 price target on shares of Seaspan in a report on Friday, July 14th. BidaskClub raised shares of Seaspan from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Credit Suisse Group set a $5.00 price target on shares of Seaspan and gave the company a “sell” rating in a report on Tuesday, August 1st. ValuEngine cut shares of Seaspan from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Zacks Investment Research raised shares of Seaspan from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.81.
Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships.
Receive News & Ratings for Seaspan Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seaspan Co. and related companies with MarketBeat.com's FREE daily email newsletter.