Parametric Portfolio Associates LLC raised its stake in shares of Euronav NV (NASDAQ:EURN) by 88.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,265 shares of the shipping company’s stock after buying an additional 13,247 shares during the period. Parametric Portfolio Associates LLC’s holdings in Euronav NV were worth $223,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of EURN. Cedar Capital LLC boosted its stake in Euronav NV by 81.3% in the first quarter. Cedar Capital LLC now owns 329,597 shares of the shipping company’s stock valued at $2,604,000 after buying an additional 147,782 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new stake in Euronav NV during the first quarter valued at approximately $198,000. Swiss National Bank boosted its stake in Euronav NV by 2.8% in the first quarter. Swiss National Bank now owns 209,883 shares of the shipping company’s stock valued at $1,681,000 after buying an additional 5,691 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Euronav NV by 121.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,501 shares of the shipping company’s stock valued at $188,000 after buying an additional 12,895 shares in the last quarter. Finally, Renaissance Group LLC boosted its stake in Euronav NV by 11.7% in the first quarter. Renaissance Group LLC now owns 29,740 shares of the shipping company’s stock valued at $235,000 after buying an additional 3,113 shares in the last quarter.

Euronav NV (NASDAQ EURN) opened at 7.85 on Monday. The company has a market capitalization of $1.24 billion and a price-to-earnings ratio of 9.95. The firm’s 50-day moving average price is $7.71 and its 200-day moving average price is $7.85. Euronav NV has a 52 week low of $6.65 and a 52 week high of $9.51.

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A number of brokerages have issued reports on EURN. Zacks Investment Research lowered Euronav NV from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. BidaskClub lowered Euronav NV from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. TheStreet raised Euronav NV from a “d+” rating to a “c-” rating in a research note on Tuesday, July 25th. ValuEngine lowered Euronav NV from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $8.00 price target on shares of Euronav NV in a research note on Friday, July 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.50.

Euronav NV Company Profile

Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments, Tankers; and Floating Production, Storage, and Offloading Operations. As of April 4, 2017, it owned and operated a fleet of 55 double hulled vessels, including 31 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 2 Suezmax vessels under construction.

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Institutional Ownership by Quarter for Euronav NV (NASDAQ:EURN)

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