Fmr LLC Sold 25,800 Shares of Euronav NV (EURN)

Fmr LLC Sold 25,800 Shares of Euronav NV (EURN)

Fmr LLC reduced its stake in shares of Euronav NV (NASDAQ:EURN) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,121,150 shares of the company’s stock after selling 25,800 shares during the period. Fmr LLC owned about 1.34% of Euronav NV worth $16,923,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in EURN. Renaissance Group LLC boosted its position in shares of Euronav NV by 14.2% in the fourth quarter. Renaissance Group LLC now owns 26,627 shares of the company’s stock valued at $212,000 after buying an additional 3,314 shares during the period. Prudential PLC bought a new position in shares of Euronav NV during the fourth quarter valued at $3,483,000. Russell Investments Group Ltd. bought a new position in shares of Euronav NV during the fourth quarter valued at $973,000. Doheny Asset Management CA boosted its position in shares of Euronav NV by 6.1% in the third quarter. Doheny Asset Management CA now owns 1,061,750 shares of the company’s stock valued at $8,101,000 after buying an additional 61,000 shares during the period. Finally, Cetera Advisors LLC bought a new position in shares of Euronav NV during the third quarter valued at $466,000.

Euronav NV (NASDAQ:EURN) opened at 7.90 on Friday. Euronav NV has a 52-week low of $6.65 and a 52-week high of $11.73. The stock has a market capitalization of $1.25 billion and a PE ratio of 6.13. The company’s 50-day moving average price is $8.04 and its 200 day moving average price is $7.87.

Euronav NV (NASDAQ:EURN) last released its quarterly earnings results on Thursday, January 26th. The company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.25. Equities analysts forecast that Euronav NV will post $1.88 EPS for the current fiscal year.

Several brokerages have recently weighed in on EURN. Zacks Investment Research upgraded Euronav NV from a “strong sell” rating to a “hold” rating in a research report on Monday, March 13th. Credit Suisse Group AG reiterated an “outperform” rating on shares of Euronav NV in a research report on Wednesday, February 22nd. Finally, Deutsche Bank AG upgraded Euronav NV from a “hold” rating to a “buy” rating and lifted their price target for the company from $8.50 to $10.00 in a research report on Tuesday, January 3rd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Euronav NV currently has an average rating of “Buy” and an average price target of $11.93.

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