Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK) – Stock analysts at Jefferies Group issued their FY2017 earnings per share (EPS) estimates for Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) in a research note issued on Monday. Jefferies Group analyst R. Giveans anticipates that the shipping company will post earnings per share of ($1.48) for the year. Jefferies Group currently has a “Buy” rating and a $20.00 price target on the stock. Jefferies Group also issued estimates for Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands)’s Q4 2017 earnings at ($0.10) EPS and FY2018 earnings at $0.31 EPS.

A number of other analysts have also recently weighed in on the stock. ValuEngine cut shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 16th. Evercore ISI assumed coverage on shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) in a research report on Monday, November 20th. They set an “outperform” rating and a $15.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $15.17.

Shares of Genco Shipping & Trading Limited Ordinary Shares New (NYSE GNK) opened at $12.97 on Wednesday. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.52. Genco Shipping & Trading Limited Ordinary Shares New has a twelve month low of $6.90 and a twelve month high of $14.99.

A number of large investors have recently bought and sold shares of GNK. Goldman Sachs Group Inc. purchased a new position in Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) in the 1st quarter valued at about $470,000. Schwab Charles Investment Management Inc. purchased a new position in Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) in the 2nd quarter valued at about $194,000. Bank of New York Mellon Corp boosted its position in Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) by 240.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 37,093 shares of the shipping company’s stock valued at $351,000 after buying an additional 26,194 shares during the last quarter. Teachers Advisors LLC purchased a new position in Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) in the 2nd quarter valued at about $141,000. Finally, TIAA CREF Investment Management LLC purchased a new position in Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) in the 2nd quarter valued at about $566,000. 57.28% of the stock is owned by institutional investors.

In related news, major shareholder Cayman Gp Ltd. Ccp II sold 320,462 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $13.11, for a total transaction of $4,201,256.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.30% of the stock is currently owned by corporate insiders.

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About Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands)

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ores, coal, grains, steel products, and other dry-bulk cargoes. The company charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities.

Earnings History and Estimates for Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK)

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