Jefferies Group LLC reissued their buy rating on shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) in a report issued on Thursday morning. Jefferies Group LLC currently has a $15.00 price objective on the shipping company’s stock.

Several other research firms have also issued reports on SBLK. Zacks Investment Research raised shares of Star Bulk Carriers Corp. from a sell rating to a hold rating in a research note on Wednesday, October 11th. Pareto Securities raised shares of Star Bulk Carriers Corp. from a hold rating to a buy rating in a research note on Friday, September 8th. BidaskClub raised shares of Star Bulk Carriers Corp. from a sell rating to a hold rating in a research note on Monday, August 14th. Finally, TheStreet lowered shares of Star Bulk Carriers Corp. from a c rating to a d+ rating in a research note on Thursday, September 28th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Star Bulk Carriers Corp. has a consensus rating of Buy and an average price target of $13.00.

Star Bulk Carriers Corp. (SBLK) traded up 1.45% during midday trading on Thursday, reaching $10.47. The company’s stock had a trading volume of 664,500 shares. The stock’s market cap is $663.96 million. Star Bulk Carriers Corp. has a one year low of $4.04 and a one year high of $13.40. The stock’s 50 day moving average price is $10.44 and its 200-day moving average price is $9.87.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/10/20/star-bulk-carriers-corp-sblk-given-buy-rating-at-jefferies-group-llc.html.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Fund Management S.A. acquired a new position in shares of Star Bulk Carriers Corp. during the 2nd quarter worth about $103,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Star Bulk Carriers Corp. during the 2nd quarter worth about $110,000. GLG Partners LP acquired a new position in shares of Star Bulk Carriers Corp. during the 2nd quarter worth about $127,000. KCG Holdings Inc. acquired a new position in shares of Star Bulk Carriers Corp. during the 1st quarter worth about $140,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Star Bulk Carriers Corp. during the 2nd quarter worth about $145,000. Hedge funds and other institutional investors own 73.77% of the company’s stock.

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).

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.