Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) have earned an average recommendation of “Hold” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $12.80.

Several brokerages recently weighed in on SBLK. Zacks Investment Research raised Star Bulk Carriers Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub lowered Star Bulk Carriers Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Stifel Nicolaus set a $11.00 target price on Star Bulk Carriers Corp. and gave the stock a “hold” rating in a research report on Sunday, May 28th. Seaport Global Securities raised Star Bulk Carriers Corp. from a “neutral” rating to a “buy” rating and increased their target price for the stock from $11.50 to $13.00 in a research report on Friday, May 26th. They noted that the move was a valuation call. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $13.00 target price on shares of Star Bulk Carriers Corp. in a research report on Friday, May 26th.

Shares of Star Bulk Carriers Corp. (SBLK) traded up 2.13% during midday trading on Friday, hitting $10.05. The stock had a trading volume of 714,738 shares. The stock’s market cap is $613.32 million. Star Bulk Carriers Corp. has a 12-month low of $3.95 and a 12-month high of $13.40. The stock has a 50-day moving average price of $9.42 and a 200-day moving average price of $9.44.

Star Bulk Carriers Corp. (NASDAQ:SBLK) last issued its quarterly earnings results on Wednesday, May 24th. The shipping company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.04. Star Bulk Carriers Corp. had a negative return on equity of 7.89% and a negative net margin of 50.28%. The company had revenue of $64.87 million for the quarter, compared to analyst estimates of $64.27 million. Equities analysts forecast that Star Bulk Carriers Corp. will post ($0.56) earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its stake in shares of Star Bulk Carriers Corp. by 174.2% in the fourth quarter. Renaissance Technologies LLC now owns 172,980 shares of the shipping company’s stock valued at $884,000 after buying an additional 109,886 shares in the last quarter. Horseman Capital Management Ltd bought a new stake in shares of Star Bulk Carriers Corp. during the first quarter valued at about $10,857,000. Engineers Gate Manager LP bought a new stake in shares of Star Bulk Carriers Corp. during the first quarter valued at about $201,000. Parametric Portfolio Associates LLC increased its stake in shares of Star Bulk Carriers Corp. by 122.7% in the first quarter. Parametric Portfolio Associates LLC now owns 117,580 shares of the shipping company’s stock valued at $1,397,000 after buying an additional 64,780 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of Star Bulk Carriers Corp. during the first quarter valued at about $1,529,000. Hedge funds and other institutional investors own 74.03% of the company’s stock.

About Star Bulk Carriers Corp.

Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. As of December 31, 2016, the Company’s fleet included 73 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels with a carrying capacity between 52,055 and 209,537 deadweight tonnage (dwt).

Analyst Recommendations for Star Bulk Carriers Corp. (NASDAQ:SBLK)

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