DekaBank Deutsche Girozentrale lessened its holdings in shares of Euronav NV (NYSE:EURN) by 87.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 74,524 shares of the shipping company’s stock after selling 518,926 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Euronav were worth $536,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of EURN. Jefferies Group LLC bought a new stake in shares of Euronav in the 4th quarter valued at approximately $163,000. Impala Asset Management LLC bought a new stake in Euronav during the 4th quarter worth approximately $687,000. Dimensional Fund Advisors LP grew its position in Euronav by 20.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 95,432 shares of the shipping company’s stock worth $773,000 after acquiring an additional 16,120 shares during the last quarter. Allianz Asset Management GmbH grew its position in Euronav by 5.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 200,574 shares of the shipping company’s stock worth $1,649,000 after acquiring an additional 10,072 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in Euronav by 8.4% during the 4th quarter. Schroder Investment Management Group now owns 242,621 shares of the shipping company’s stock worth $1,864,000 after buying an additional 18,870 shares in the last quarter. 22.87% of the stock is owned by institutional investors and hedge funds.
Several research analysts have issued reports on EURN shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $8.50 price objective on shares of Euronav in a report on Wednesday, December 6th. Deutsche Bank set a $10.00 price target on Euronav and gave the company a “buy” rating in a research note on Thursday, December 21st. Zacks Investment Research downgraded Euronav from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. UBS upped their price objective on shares of Euronav from $8.75 to $9.25 and gave the company a “neutral” rating in a research report on Friday, January 26th. Finally, TheStreet upgraded Euronav from a “d+” rating to a “c” rating in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Euronav has a consensus rating of “Hold” and an average target price of $9.35.
Shares of Euronav NV (NYSE:EURN) traded up $0.15 during mid-day trading on Friday, reaching $8.55. 140,742 shares of the company’s stock traded hands, compared to its average volume of 335,542. The firm has a market capitalization of $1,337.36, a P/E ratio of 855.86 and a beta of 0.60. Euronav NV has a 1 year low of $6.90 and a 1 year high of $9.65.
Euronav (NYSE:EURN) last released its quarterly earnings results on Thursday, January 25th. The shipping company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.05. Euronav had a net margin of 0.24% and a negative return on equity of 1.16%. The company had revenue of $119.00 million during the quarter, compared to the consensus estimate of $121.46 million. research analysts expect that Euronav NV will post -0.64 earnings per share for the current year.
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Euronav Company Profile
Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments, Tankers; and Floating Production, Storage, and Offloading Operations. As of April 4, 2017, it owned and operated a fleet of 55 double hulled vessels, including 31 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 2 Suezmax vessels under construction.
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