Mraz Amerine & Associates Inc. Has $1.06 Million Stock Position in Euronav NV (NYSE:EURN)

Mraz Amerine & Associates Inc. reduced its holdings in Euronav NV (NYSE:EURN) by 43.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 60,014 shares of the shipping company’s stock after selling 45,512 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Euronav were worth $1,056,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. bought a new position in Euronav during the fourth quarter worth $29,000. Huntington National Bank bought a new position in Euronav during the third quarter worth $33,000. Covestor Ltd lifted its position in Euronav by 177.1% in the third quarter. Covestor Ltd now owns 2,505 shares of the shipping company’s stock worth $41,000 after purchasing an additional 1,601 shares during the period. Lazard Asset Management LLC acquired a new stake in Euronav during the third quarter worth $62,000. Finally, Advisor Group Holdings Inc. increased its holdings in Euronav by 240.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 4,580 shares of the shipping company’s stock valued at $78,000 after buying an additional 3,234 shares during the period.

Euronav Stock Up 0.2 %

Shares of NYSE:EURN traded up $0.04 on Wednesday, hitting $16.50. The stock had a trading volume of 219,194 shares, compared to its average volume of 1,390,750. Euronav NV has a twelve month low of $14.10 and a twelve month high of $18.50. The company has a quick ratio of 3.79, a current ratio of 3.84 and a debt-to-equity ratio of 0.27. The firm’s 50 day moving average price is $17.07 and its 200-day moving average price is $17.48.

Euronav (NYSE:EURN) last issued its earnings results on Thursday, February 1st. The shipping company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.53 by $0.24. Euronav had a net margin of 69.69% and a return on equity of 25.45%. The company had revenue of $233.62 million for the quarter, compared to the consensus estimate of $266.87 million. Research analysts forecast that Euronav NV will post 1.93 EPS for the current year.

Wall Street Analysts Forecast Growth

EURN has been the topic of several analyst reports. StockNews.com raised shares of Euronav from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. boosted their price target on shares of Euronav from $17.86 to $21.70 and gave the company a “neutral” rating in a report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft lowered shares of Euronav from a “buy” rating to a “hold” rating and set a $17.86 price target on the stock. in a report on Tuesday, February 6th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $18.00 price target (down previously from $21.00) on shares of Euronav in a report on Wednesday, January 31st. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.72.

Euronav Profile

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.