Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) is Raynor Geoffrey’s 3rd Largest Position

Raynor Geoffrey decreased its stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) by 8.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 103,363 shares of the shipping company’s stock after selling 9,433 shares during the quarter. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 accounts for about 6.7% of Raynor Geoffrey’s investment portfolio, making the stock its 3rd biggest position. Raynor Geoffrey owned about 0.30% of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 worth $979,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of GNK. Citigroup Inc. lifted its holdings in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 0.4% in the second quarter. Citigroup Inc. now owns 13,652 shares of the shipping company’s stock valued at $129,000 after buying an additional 51 shares during the period. Jane Street Group LLC acquired a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in the first quarter valued at approximately $134,000. Bank of New York Mellon Corp acquired a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in the first quarter valued at approximately $136,000. Teachers Advisors LLC acquired a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in the second quarter valued at approximately $141,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 9.6% in the second quarter. Cubist Systematic Strategies LLC now owns 16,692 shares of the shipping company’s stock valued at $158,000 after buying an additional 1,457 shares during the period. Institutional investors own 58.22% of the company’s stock.

Several research firms have weighed in on GNK. Zacks Investment Research upgraded shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a report on Friday, August 11th. ValuEngine lowered shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. BidaskClub upgraded shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $20.00 target price (down from $22.00) on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has an average rating of “Hold” and an average price target of $15.20.

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Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) traded up 2.43% on Tuesday, reaching $12.67. 10,120 shares of the company were exchanged. The company’s 50-day moving average price is $12.35 and its 200-day moving average price is $12.35. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 12-month low of $5.21 and a 12-month high of $14.99. The stock’s market capitalization is $436.16 million.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) last announced its quarterly earnings results on Monday, August 7th. The shipping company reported ($0.36) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.03. The business had revenue of $45.37 million during the quarter, compared to analyst estimates of $43.91 million. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 had a negative net margin of 49.36% and a negative return on equity of 8.98%. Equities research analysts anticipate that Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 will post ($1.40) earnings per share for the current fiscal year.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 Company Profile

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ores, coal, grains, steel products, and other dry-bulk cargoes. The company charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities.

Institutional Ownership by Quarter for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK)

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