Other hedge funds and other institutional investors have also modified their holdings of the company. Leucadia National Corp increased 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 valued at $5,130,000 after buying an additional 99,320 shares during the period. River & Mercantile Asset Management LLP boosted its holdings in Star Bulk Carriers by 20.0% in the fourth quarter. River & Mercantile Asset Management LLP now owns 379,099 shares of the shipping company’s stock valued at $4,263,000 after acquiring an additional 63,280 shares during the last quarter. Gilder Gagnon Howe & Co. LLC bought a new stake in Star Bulk Carriers in the fourth quarter valued at approximately $4,176,000. Driehaus Capital Management LLC bought a new stake in Star Bulk Carriers in the fourth quarter valued at approximately $4,170,000. Finally, California Public Employees Retirement System boosted its holdings in Star Bulk Carriers by 10.8% in the third quarter. California Public Employees Retirement System now owns 281,888 shares of the shipping company’s stock valued at $2,737,000 after acquiring an additional 27,488 shares during the last quarter. 69.64% of the stock is owned by hedge funds and other institutional investors.
LPL Financial LLC boosted its stake in Star Bulk Carriers Co. (NASDAQ:SBLK) by 86.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,431 shares of the shipping company’s stock after purchasing an additional 11,331 shares during the quarter. LPL Financial LLC’s holdings in Star Bulk Carriers were worth $275,000 at the end of the most recent reporting period.
Shares of SBLK opened at $12.97 on Wednesday. The stock has a market cap of $810.89 million, a PE ratio of -58.95 and a beta of 2.28. The company has a quick ratio of 1.34, a current ratio of 1.43 and a debt-to-equity ratio of 0.77. Star Bulk Carriers Co. has a 12-month low of $7.57 and a 12-month high of $13.29.
Star Bulk Carriers (NASDAQ:SBLK) last announced its quarterly earnings data on Tuesday, February 27th. The shipping company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.11. The company had revenue of $107.71 million for the quarter, compared to analysts’ expectations of $107.10 million. Star Bulk Carriers had a negative return on equity of 0.44% and a negative net margin of 2.94%. equities analysts forecast that Star Bulk Carriers Co. will post 1.08 earnings per share for the current year.
A number of equities analysts have issued reports on SBLK shares. BidaskClub cut Star Bulk Carriers from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. JPMorgan Chase increased their target price on Star Bulk Carriers from $17.00 to $17.50 and gave the stock an “overweight” rating in a report on Friday, March 23rd. Zacks Investment Research cut Star Bulk Carriers from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Morgan Stanley lowered their price target on Star Bulk Carriers from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, February 12th. Finally, ValuEngine lowered Star Bulk Carriers from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 7th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $14.92.
Star Bulk Carriers Profile
Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport a range of major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products. As of February 27, 2018, the company had a fleet of 72 vessels with an aggregate capacity of approximately 7.8 million deadweight ton (dwt); and had contracts for 2 additional newbuilding vessels with an aggregate capacity of approximately 416,000 dwt.