ValuEngine lowered shares of Star Bulk Carriers (NASDAQ:SBLK) from a sell rating to a strong sell rating in a research note published on Saturday morning.
Several other equities analysts also recently commented on SBLK. BidaskClub downgraded Star Bulk Carriers from a buy rating to a hold rating in a report on Saturday, March 10th. Seaport Global Securities set a $16.00 price target on Star Bulk Carriers and gave the company a buy rating in a report on Wednesday, February 28th. TheStreet upgraded Star Bulk Carriers from a d+ rating to a c rating in a report on Friday, March 2nd. Stifel Nicolaus increased their price target on Star Bulk Carriers from $11.00 to $12.00 and gave the company a hold rating in a report on Thursday, March 1st. Finally, JPMorgan Chase increased their price target on Star Bulk Carriers from $17.00 to $17.50 and gave the company an overweight rating in a report on Friday, March 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Star Bulk Carriers currently has an average rating of Hold and a consensus price target of $14.58.
Shares of SBLK opened at $10.82 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.34 and a current ratio of 1.43. Star Bulk Carriers has a twelve month low of $7.57 and a twelve month high of $13.40.
Star Bulk Carriers (NASDAQ:SBLK) last issued its quarterly earnings data on Tuesday, February 27th. The shipping company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.11. Star Bulk Carriers had a negative net margin of 2.94% and a negative return on equity of 0.44%. The firm had revenue of $107.71 million for the quarter, compared to analyst estimates of $107.10 million. equities analysts expect that Star Bulk Carriers will post 1.06 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in SBLK. Gilder Gagnon Howe & Co. LLC acquired a new position in Star Bulk Carriers during the fourth quarter valued at approximately $4,176,000. Driehaus Capital Management LLC acquired a new stake in shares of Star Bulk Carriers in the fourth quarter worth $4,170,000. J. Goldman & Co LP grew its stake in shares of Star Bulk Carriers by 71.5% in the fourth quarter. J. Goldman & Co LP now owns 285,000 shares of the shipping company’s stock worth $3,209,000 after acquiring an additional 118,846 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Star Bulk Carriers in the third quarter worth $1,105,000. Finally, Leucadia National Corp grew its stake in shares of Star Bulk Carriers by 27.9% in the fourth quarter. Leucadia National Corp now owns 455,577 shares of the shipping company’s stock worth $5,130,000 after acquiring an additional 99,320 shares during the last quarter. Institutional investors own 69.59% of the company’s stock.
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Star Bulk Carriers Company Profile
Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport bulk commodities, including ores, coal, grains, fertilizers, and steel products. As of March 9, 2017, the company had a fleet of 68 operating vessels and 4 newbuilding vessels, as well as operated a chartered-in Supramax vessel.
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