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Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 Add to portfolio

NYA:GNK, Nov 21, 04:24 UTC

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Tuesday, November 12


News

Genco Shipping & Trading Limited (NYSE:GNK) to Post Q4 2019 Earnings of $0.23 Per Share, B. Riley Forecasts

GNK

B. Riley analyst L. Burke now expects that the shipping company will post earnings of $0.23 per share for the quarter, down from their prior forecast of $0.25. Noble Financial reiterated a “buy” rating and set a $18.00 price target on shares of Genco Shipping & Trading in a research report on Tuesday, October 29th. Genco Shipping & Trading has a 12-month low of $6.83 and a 12-month high of $11.53. BlackRock Inc. now owns 1,019,806 shares of the shipping company’s stock valued at $8,607,000 after buying an additional 260,096 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Genco Shipping & Trading by 6.8% during the 2nd quarter. Northern Trust Corp now owns 131,286 shares of the shipping company’s stock valued at $1,108,000 after buying an additional 8,364 shares in the last quarter.

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  • Business
  • Financial

Wednesday, October 30


News

Genco Shipping & Trading (GNK) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

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This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 6. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for Genco Shipping? For Genco Shipping, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Genco Shipping would post a loss of $0.40 per share when it actually produced a loss of $0.49, delivering a surprise of -22.50%.

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  • Business
  • Financial

Tuesday, October 22


News

Genco Shipping & Trading Limited (GNK): What does Wall Street Say?

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The GNK stock is -6.79% lower than the $10.75 top value it marked over a period of month. Insiders own 0.58% of the shares institutions own 86.10% as outstanding shares currently stand at 42.32 million. When we look at the 20-day simple moving average, GNK is 4.38%, while that moves to 6.51% over its 50-day SMA and the SMA200 is 14.69%. When we look at the consensus estimate for GNK shares, we find that Wall Street analysts have given the average target price of $14.30. The stock has earnings per share estimate ranging between a low of -0.09 and a high of 0.06, with the coefficient variance at -376.41. For this fiscal year, the estimate climbs to 7.00 versus the 7.00 expected for the next year. GNK is one of the hottest stocks right now and that shows in its potential upside on returns with a -1.10% ROA for the last 12 months and a return on equity (ROE) of -1.80% over the same period. For the fiscal quarter ending 9/29/2018, Genco Shipping & Trading Limited had revenue of $57.69M.

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  • Business
  • Financial

Tuesday, October 01


News

Marshall Wace North America L.P. Has $208,000 Holdings in Genco Shipping & Trading Limited (NYSE:GNK) – TechNewsObserver

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Vanguard Group Inc. now owns 309,266 shares of the shipping company’s stock worth $2,611,000 after buying an additional 4,284 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Genco Shipping & Trading by 6.8% during the second quarter. Northern Trust Corp now owns 131,286 shares of the shipping company’s stock worth $1,108,000 after buying an additional 8,364 shares in the last quarter. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Genco Shipping & Trading Limited has a twelve month low of $6.83 and a twelve month high of $15.06. Genco Shipping & Trading had a negative net margin of 4.79% and a negative return on equity of 0.80%.

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  • Business
  • Financial

Sunday, September 29


News

JPMorgan Chase & Co. Has $999,000 Stock Position in Genco Shipping & Trading Limited (NYSE:GNK) – TechNewsObserver

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JPMorgan Chase & Co. cut its position in shares of Genco Shipping & Trading Limited (NYSE:GNK) by 38.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in Genco Shipping & Trading in the second quarter valued at $28,000. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.02 and a quick ratio of 1.75. Noble Financial set a $18.00 target price on shares of Genco Shipping & Trading and gave the company a “buy” rating in a research note on Friday, August 9th.

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  • Business
  • Financial

Friday, September 20


News

Aperio Group LLC Invests $28,000 in Genco Shipping & Trading Limited (NYSE:GNK) – Riverton Roll

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Aperio Group LLC acquired a new stake in Genco Shipping & Trading Limited (NYSE:GNK) during the second quarter, according to its most recent 13F filing with the SEC. Alambic Investment Management L.P. purchased a new position in Genco Shipping & Trading during the 1st quarter valued at about $119,000. Dimensional Fund Advisors LP now owns 887,739 shares of the shipping company’s stock worth $7,004,000 after purchasing an additional 144,439 shares in the last quarter. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock.

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  • Business
  • Financial

Sunday, September 15


News

Analysts Set Genco Shipping & Trading Limited (NYSE:GNK) Price Target at $15.63 – Tech Know Bits

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Genco Shipping & Trading Limited (NYSE:GNK) has received an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. Finally, Noble Financial set a $18.00 target price on Genco Shipping & Trading and gave the company a “buy” rating in a research report on Friday, August 9th. United Services Automobile Association now owns 16,152 shares of the shipping company’s stock valued at $136,000 after purchasing an additional 2,028 shares during the last quarter.

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Topics:
  • Business
  • Financial

Sunday, September 08


News

Genco Shipping & Trading Limited (NYSE:GNK) Expected to Announce Quarterly Sales of $59.41 Million – Sundance Herald

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According to Zacks, analysts expect that Genco Shipping & Trading will report full year sales of $205.72 million for the current financial year, with estimates ranging from $163.20 million to $235.66 million. For the next fiscal year, analysts expect that the business will report sales of $297.96 million, with estimates ranging from $274.38 million to $333.12 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Genco Shipping & Trading. Genco Shipping & Trading had a negative net margin of 4.79% and a negative return on equity of 0.80%. United Services Automobile Association now owns 16,152 shares of the shipping company’s stock worth $136,000 after buying an additional 2,028 shares in the last quarter.

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  • Business
  • Financial

Thursday, September 05


News

Noble Financial Analysts Give Genco Shipping & Trading (NYSE:GNK) a $18.00 Price Target – Tech Know Bits

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Zacks Investment Research raised shares of Genco Shipping & Trading from a hold rating to a buy rating and set a $12.00 price target for the company in a research note on Thursday, July 25th. The company had a trading volume of 183,200 shares, compared to its average volume of 221,934. Genco Shipping & Trading has a 1-year low of $6.83 and a 1-year high of $15.06. Aperio Group LLC acquired a new position in Genco Shipping & Trading during the second quarter worth approximately $28,000. Northern Trust Corp increased its position in Genco Shipping & Trading by 2.7% during the fourth quarter. Northern Trust Corp now owns 123,579 shares of the shipping company’s stock worth $975,000 after buying an additional 3,298 shares during the period.

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Topics:
  • Business
  • Financial

Saturday, August 31


News

Brokerages Set Genco Shipping & Trading Limited (NYSE:GNK) Price Target at $15.63 – Mayfield Recorder

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Brokerages Set Genco Shipping & Trading Limited (NYSE:GNK) Price Target at $15.63 – Mayfield Recorder. Genco Shipping & Trading Limited (NYSE:GNK) has been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Finally, Noble Financial set a $18.00 target price on Genco Shipping & Trading and gave the company a “buy” rating in a research report on Friday, August 9th. Bank of New York Mellon Corp now owns 46,455 shares of the shipping company’s stock worth $367,000 after acquiring an additional 9,112 shares in the last quarter. Northern Trust Corp grew its holdings in Genco Shipping & Trading by 2.7% during the 4th quarter. Northern Trust Corp now owns 123,579 shares of the shipping company’s stock worth $975,000 after acquiring an additional 3,298 shares in the last quarter.

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Topics:
  • Business
  • Financial