Vanguard Group Inc. reduced its holdings in shares of Ship Finance International Limited (NYSE:SFL) by 36.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,987,274 shares of the shipping company’s stock after selling 1,152,531 shares during the quarter. Vanguard Group Inc. owned 2.13% of Ship Finance International Limited worth $27,028,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in SFL. Ameriprise Financial Inc. boosted its holdings in Ship Finance International Limited by 40.3% during the first quarter. Ameriprise Financial Inc. now owns 14,457 shares of the shipping company’s stock worth $212,000 after purchasing an additional 4,150 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Ship Finance International Limited by 29.1% during the first quarter. Parametric Portfolio Associates LLC now owns 80,270 shares of the shipping company’s stock worth $1,180,000 after purchasing an additional 18,095 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Ship Finance International Limited by 115.9% during the first quarter. JPMorgan Chase & Co. now owns 77,661 shares of the shipping company’s stock worth $1,141,000 after purchasing an additional 41,683 shares during the last quarter. Principal Financial Group Inc. purchased a new position in Ship Finance International Limited during the first quarter worth about $186,000. Finally, Wellington Management Group LLP purchased a new position in Ship Finance International Limited during the first quarter worth about $450,000. Institutional investors and hedge funds own 26.41% of the company’s stock.
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SFL has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Ship Finance International Limited from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Clarkson Capital upgraded shares of Ship Finance International Limited from a “neutral” rating to a “buy” rating in a report on Tuesday, October 17th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.00.
Shares of Ship Finance International Limited (NYSE SFL) opened at $15.25 on Friday. The company has a market cap of $1,425.95, a PE ratio of 11.13 and a beta of 1.40. Ship Finance International Limited has a 12-month low of $12.30 and a 12-month high of $16.10.
Ship Finance International Limited (NYSE:SFL) last announced its quarterly earnings data on Wednesday, August 30th. The shipping company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. The business had revenue of $94.22 million for the quarter, compared to analyst estimates of $95.70 million. Ship Finance International Limited had a net margin of 29.59% and a return on equity of 11.26%. equities analysts predict that Ship Finance International Limited will post 1.22 earnings per share for the current fiscal year.
Ship Finance International Limited Company Profile
Ship Finance International Limited is a holding, and international ship owning and chartering company. The Company is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. Its assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers.
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