Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) released its quarterly earnings results on Wednesday. The shipping company reported ($0.55) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.25), reports. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 had a negative return on equity of 8.98% and a negative net margin of 49.36%.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 62.6% during the 2nd quarter. Vanguard Group Inc. now owns 117,010 shares of the shipping company’s stock valued at $1,108,000 after acquiring an additional 45,070 shares in the last quarter. State Street Corp bought a new stake in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the 2nd quarter valued at $582,000. Finally, California State Teachers Retirement System bought a new stake in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the 2nd quarter valued at $129,000. 58.20% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. ValuEngine cut Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. BidaskClub upgraded Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Jefferies Group LLC restated a “buy” rating and set a $20.00 price target (down previously from $22.00) on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a research note on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $15.20.

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Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 Company Profile

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 for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK)

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