Pareto Securities upgraded shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) from a hold rating to a buy rating in a report released on Friday morning, The Fly reports.

A number of other equities analysts have also issued reports on SBLK. BidaskClub upgraded shares of Star Bulk Carriers Corp. from a sell rating to a hold rating in a research report on Monday, August 14th. Stifel Nicolaus set a $11.00 price target on Star Bulk Carriers Corp. and gave the stock a hold rating in a report on Sunday, May 28th. TheStreet raised Star Bulk Carriers Corp. from a d+ rating to a c rating in a report on Wednesday, August 9th. Zacks Investment Research raised Star Bulk Carriers Corp. from a sell rating to a hold rating in a report on Tuesday, August 1st. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $13.00 price target on shares of Star Bulk Carriers Corp. in a report on Friday, May 26th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Star Bulk Carriers Corp. has a consensus rating of Buy and a consensus target price of $12.50.

Shares of Star Bulk Carriers Corp. (NASDAQ SBLK) opened at 11.33 on Friday. The firm’s market capitalization is $717.60 million. The firm’s 50-day moving average is $10.66 and its 200 day moving average is $9.86. Star Bulk Carriers Corp. has a 52 week low of $4.04 and a 52 week high of $13.40.

WARNING: This piece was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://www.thecerbatgem.com/2017/09/11/star-bulk-carriers-corp-sblk-raised-to-buy-at-pareto-securities.html.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Caspian Capital LP lifted its holdings in shares of Star Bulk Carriers Corp. by 10.7% during the second quarter. Caspian Capital LP now owns 3,167,787 shares of the shipping company’s stock worth $31,139,000 after purchasing an additional 306,341 shares during the period. Impala Asset Management LLC lifted its holdings in shares of Star Bulk Carriers Corp. by 248.4% during the second quarter. Impala Asset Management LLC now owns 1,946,775 shares of the shipping company’s stock worth $19,137,000 after purchasing an additional 1,387,975 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Star Bulk Carriers Corp. by 233.3% during the first quarter. Renaissance Technologies LLC now owns 576,599 shares of the shipping company’s stock worth $6,850,000 after purchasing an additional 403,619 shares during the period. Marshall Wace LLP acquired a new stake in shares of Star Bulk Carriers Corp. during the second quarter worth $4,046,000. Finally, River & Mercantile Asset Management LLP lifted its holdings in shares of Star Bulk Carriers Corp. by 57.9% during the second quarter. River & Mercantile Asset Management LLP now owns 298,819 shares of the shipping company’s stock worth $2,934,000 after purchasing an additional 109,600 shares during the period. 75.03% of the stock is owned by hedge funds and other institutional investors.

Star Bulk Carriers Corp. Company Profile

Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. As of December 31, 2016, the Company’s fleet included 73 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels with a carrying capacity between 52,055 and 209,537 deadweight tonnage (dwt).

The Fly

Analyst Recommendations for Star Bulk Carriers Corp. (NASDAQ:SBLK)

Receive News & Stock Ratings for Star Bulk Carriers Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Star Bulk Carriers Corp. and related stocks with our FREE daily email newsletter.