L1 Global Manager Pty Ltd Takes Position in C3is Inc. $CISS

L1 Global Manager Pty Ltd purchased a new stake in C3is Inc. (NASDAQ:CISS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 861,260 shares of the company’s stock, valued at approximately $198,000. L1 Global Manager Pty Ltd owned approximately 0.84% of C3is at the end of the most recent quarter.

Separately, Citadel Advisors LLC acquired a new stake in shares of C3is in the 3rd quarter valued at approximately $29,000. 10.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of C3is from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings restated a “sell (d)” rating on shares of C3is in a research note on Friday, May 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

C3is Price Performance

Shares of NASDAQ CISS opened at $2.08 on Friday. The company has a 50 day simple moving average of $3.62 and a 200 day simple moving average of $32.96. The firm has a market cap of $1.12 million, a PE ratio of 0.00 and a beta of 1.27. C3is Inc. has a 1 year low of $1.90 and a 1 year high of $831.59.

C3is (NASDAQ:CISS) last issued its quarterly earnings data on Tuesday, May 19th. The company reported $5.24 earnings per share (EPS) for the quarter. The business had revenue of $23.15 million during the quarter. C3is had a net margin of 15.28% and a return on equity of 6.78%.

C3is Company Profile

C3is Inc offers international seaborne transportation services. It provides its services to dry bulk charterers, including national and private industrial users, commodity producers and traders, oil producers, refineries, and commodities traders and producers. The company owns and operates a fleet of two drybulk carriers, which transport major bulks, such as iron ore, coal and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers, and one Aframax crude oil tanker that transports crude oil.