GAM Holding AG purchased a new position in shares of Euronav NV (NYSE:EURN – Get Rating) during the 4th quarter, Holdings Channel.com reports. The fund purchased 90,000 shares of the shipping company's stock, valued at approximately $1,534,000.
Other large investors also recently made changes to their positions in the company. RFP Financial Group LLC bought a new stake in shares of Euronav in the fourth quarter valued at about $51,000. Amundi grew its stake in Euronav by 26.8% during the second quarter. Amundi now owns 5,558 shares of the shipping company's stock worth $67,000 after buying an additional 1,173 shares in the last quarter. BlackRock Inc. increased its holdings in Euronav by 43.8% in the 3rd quarter. BlackRock Inc. now owns 5,160 shares of the shipping company's stock valued at $80,000 after buying an additional 1,572 shares during the period. First Trust Advisors LP bought a new stake in shares of Euronav during the 3rd quarter worth approximately $163,000. Finally, Chapin Davis Inc. acquired a new stake in shares of Euronav during the 4th quarter worth approximately $192,000. Institutional investors and hedge funds own 68.04% of the company's stock.
Get Euronav alerts:Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. DNB Markets boosted their target price on shares of Euronav from $20.50 to $23.00 in a research note on Tuesday. Jonestrading raised Euronav from a "hold" rating to a "buy" rating and set a $16.00 price target on the stock in a research note on Wednesday, January 11th. TheStreet upgraded shares of Euronav from a "c+" rating to a "b" rating in a report on Monday, February 6th. Stifel Nicolaus downgraded Euronav from a "buy" rating to a "hold" rating and decreased their price objective for the company from $20.00 to $17.00 in a report on Tuesday, January 10th. Finally, StockNews.com assumed coverage on shares of Euronav in a research report on Thursday, March 16th. They issued a "hold" rating on the stock. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $20.70.
Euronav Trading Down 3.4 %
NYSE:EURN opened at $17.67 on Thursday. The company has a market cap of $3.56 billion, a PE ratio of 17.50 and a beta of 0.22. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.39 and a quick ratio of 2.22. Euronav NV has a one year low of $9.94 and a one year high of $21.00. The firm has a 50-day moving average of $17.30 and a 200-day moving average of $17.30.
Euronav (NYSE:EURN – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The shipping company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.36. Euronav had a return on equity of 9.65% and a net margin of 23.67%. The company had revenue of $322.93 million during the quarter, compared to the consensus estimate of $362.95 million. As a group, equities research analysts expect that Euronav NV will post 2.06 EPS for the current fiscal year.
Euronav Dividend Announcement
The business also recently declared a dividend, which was paid on Thursday, March 2nd. Investors of record on Wednesday, February 22nd were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, February 21st. This represents a dividend yield of 0.74%.
Euronav Company Profile
(Get Rating)
Euronav NV engages in the ocean transportation and storage of crude oil. The firm operates through the following segments: Operation of crude oil tankers on the international markets (Tankers) and Floating Production, Storage and Offloading Operations (FSO/FPSO). The Tankers segment provides shipping services for crude oil seaborne transportation.
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