Teachers Advisors LLC Has $394,000 Position in Gener8 Maritime Inc (GNRT)
Teachers Advisors LLC increased its stake in shares of Gener8 Maritime Inc (NASDAQ:GNRT) by 43.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 88,029 shares of the shipping company’s stock after buying an additional 26,555 shares during the period. Teachers Advisors LLC owned about 0.11% of Gener8 Maritime worth $394,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Royce & Associates LP boosted its position in shares of Gener8 Maritime by 82.4% in the fourth quarter. Royce & Associates LP now owns 866,526 shares of the shipping company’s stock valued at $3,882,000 after buying an additional 391,526 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Gener8 Maritime by 36.3% in the fourth quarter. AQR Capital Management LLC now owns 751,898 shares of the shipping company’s stock valued at $3,368,000 after buying an additional 200,209 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Gener8 Maritime during the fourth quarter valued at $611,000. Allianz Asset Management AG boosted its position in shares of Gener8 Maritime by 96.2% in the fourth quarter. Allianz Asset Management AG now owns 181,380 shares of the shipping company’s stock valued at $813,000 after buying an additional 88,917 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Gener8 Maritime by 10.2% in the fourth quarter. State Street Corp now owns 808,524 shares of the shipping company’s stock valued at $3,625,000 after buying an additional 75,020 shares in the last quarter.
Gener8 Maritime Inc (GNRT) opened at 5.58 on Monday. The firm has a 50-day moving average price of $5.16 and a 200 day moving average price of $4.97. The firm has a market capitalization of $462.92 million and a PE ratio of 14.27. Gener8 Maritime Inc has a one year low of $3.52 and a one year high of $6.94.
Gener8 Maritime (NASDAQ:GNRT) last posted its earnings results on Tuesday, May 9th. The shipping company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. The company had revenue of $121.06 million for the quarter, compared to analysts’ expectations of $114.54 million. The company’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. Analysts anticipate that Gener8 Maritime Inc will post $0.18 EPS for the current fiscal year.
GNRT has been the subject of several analyst reports. Jefferies Group LLC reaffirmed a “buy” rating on shares of Gener8 Maritime in a report on Friday, March 24th. Zacks Investment Research raised Gener8 Maritime from a “sell” rating to a “hold” rating in a report on Tuesday, March 14th. Finally, ValuEngine cut Gener8 Maritime from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Gener8 Maritime presently has an average rating of “Hold” and a consensus target price of $7.56.
Gener8 Maritime Company Profile
Gener8 Maritime, Inc is a provider of international seaborne crude oil transportation services. The Company operates through the transportation of international seaborne crude oil and petroleum products with its fleet of vessels segment. As of March 10, 2017, the Company owned a fleet of 40 tankers on the water, consisting of 24 Very Large Crude Carriers (VLCCs), 10 Suezmax vessels, four Aframax vessels and two Panamax vessels, with an aggregate carrying capacity of 9.4 million deadweight tons (DWT) and one eco VLCC newbuilding.
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