UBS Group AG trimmed its position in shares of Gener8 Maritime Inc (NYSE:GNRT) by 25.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,353 shares of the shipping company’s stock after selling 11,434 shares during the quarter. UBS Group AG’s holdings in Gener8 Maritime were worth $194,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in Gener8 Maritime by 150.7% in the 1st quarter. BlackRock Inc. now owns 8,897,676 shares of the shipping company’s stock worth $50,273,000 after acquiring an additional 5,349,156 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in Gener8 Maritime by 96.6% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 588,565 shares of the shipping company’s stock worth $3,325,000 after acquiring an additional 289,241 shares in the last quarter. Gabelli Funds LLC increased its holdings in Gener8 Maritime by 107.6% in the 1st quarter. Gabelli Funds LLC now owns 407,293 shares of the shipping company’s stock worth $2,301,000 after acquiring an additional 211,102 shares in the last quarter. ARP Americas LP purchased a new stake in Gener8 Maritime in the 1st quarter worth $788,000. Finally, Deutsche Bank AG increased its holdings in Gener8 Maritime by 230.0% in the 4th quarter. Deutsche Bank AG now owns 145,228 shares of the shipping company’s stock worth $960,000 after acquiring an additional 101,218 shares in the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

GNRT has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Gener8 Maritime from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 24th. ValuEngine raised shares of Gener8 Maritime from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $7.92.

Shares of Gener8 Maritime opened at $6.61 on Monday, according to Marketbeat.com. The firm has a market capitalization of $550.40 million, a P/E ratio of -26.44 and a beta of 1.07. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.16. Gener8 Maritime Inc has a one year low of $4.17 and a one year high of $6.94.

Gener8 Maritime Company Profile

Gener8 Maritime, Inc provides international seaborne crude oil and petroleum products transportation services. As of March 14, 2018, it had a fleet of 30 vessels comprising 21 very large crude carriers, 6 Suezmaxes, 1 Aframax, and 2 Panamax tankers with a total carrying capacity of approximately 7.5 million deadweight tons.

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Institutional Ownership by Quarter for Gener8 Maritime (NYSE:GNRT)

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