Danaos Corp. (NYSE:DAC) shares were down 3.8% during trading on Wednesday . The company traded as low as $4.24 and last traded at $4.28, with a volume of 147,173 shares trading hands. The stock had previously closed at $4.45.

A number of research analysts have commented on DAC shares. Zacks Investment Research upgraded shares of Danaos Corp. from a “strong sell” rating to a “strong-buy” rating and set a $3.50 price target on the stock in a research report on Wednesday, July 6th. Jefferies Group reiterated a “hold” rating and set a $5.00 price target on shares of Danaos Corp. in a research report on Friday, May 6th.

The firm has a market cap of $455.59 million and a price-to-earnings ratio of 3.48. The company’s 50-day moving average price is $3.38 and its 200 day moving average price is $4.09.

Danaos Corp. (NYSE:DAC) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.02. During the same period in the previous year, the firm earned $0.28 earnings per share. The company had revenue of $137.47 million for the quarter, compared to analysts’ expectations of $138.95 million. The firm’s quarterly revenue was down .8% on a year-over-year basis. On average, equities analysts predict that Danaos Corp. will post $1.59 EPS for the current fiscal year.

A hedge fund recently raised its stake in Danaos Corp. stock. Neuberger Berman Group LLC increased its position in shares of Danaos Corp. (NYSE:DAC) by 1.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,714,762 shares of the company’s stock after buying an additional 28,995 shares during the period. Neuberger Berman Group LLC owned about 1.56% of Danaos Corp. worth $10,271,000 as of its most recent filing with the SEC.

Danaos Corporation is a holding company and an international owner of containerships, chartering its vessels to a range of liner companies. The Company’s principal business is the acquisition and operation of vessels. The Company conducts its operations through the vessel owning companies, whose principal activity is the ownership and operation of containerships that are under the management of a related party of the company.

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