KCG Holdings Inc. Has $122,000 Position in Gener8 Maritime Inc (NASDAQ:GNRT)
KCG Holdings Inc. cut its stake in shares of Gener8 Maritime Inc (NASDAQ:GNRT) by 47.2% during the first quarter, Holdings Channel reports. The institutional investor owned 21,455 shares of the shipping company’s stock after selling 19,144 shares during the period. KCG Holdings Inc.’s holdings in Gener8 Maritime were worth $122,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. American International Group Inc. raised its stake in shares of Gener8 Maritime by 7.1% in the first quarter. American International Group Inc. now owns 24,173 shares of the shipping company’s stock valued at $137,000 after buying an additional 1,598 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Gener8 Maritime by 4.7% in the first quarter. Alliancebernstein L.P. now owns 24,600 shares of the shipping company’s stock valued at $139,000 after buying an additional 1,100 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Gener8 Maritime during the first quarter valued at approximately $226,000. Wells Fargo & Company MN raised its stake in shares of Gener8 Maritime by 64.7% in the first quarter. Wells Fargo & Company MN now owns 44,685 shares of the shipping company’s stock valued at $254,000 after buying an additional 17,550 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Gener8 Maritime during the fourth quarter valued at approximately $303,000.
Shares of Gener8 Maritime Inc (GNRT) traded up 1.46% during midday trading on Thursday, reaching $4.85. 25,839 shares of the company traded hands. The stock’s 50-day moving average is $5.50 and its 200-day moving average is $5.28. Gener8 Maritime Inc has a 1-year low of $3.52 and a 1-year high of $6.40. The stock’s market capitalization is $402.49 million.
Gener8 Maritime (NASDAQ:GNRT) last released its earnings results on Tuesday, August 1st. The shipping company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.05. The business had revenue of $74.95 million during the quarter, compared to the consensus estimate of $76.55 million. During the same period in the prior year, the business posted $0.51 earnings per share. The business’s revenue for the quarter was down 29.3% compared to the same quarter last year. Equities analysts predict that Gener8 Maritime Inc will post ($0.02) EPS for the current fiscal year.
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Several equities research analysts recently commented on the stock. BidaskClub lowered shares of Gener8 Maritime from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research lowered shares of Gener8 Maritime from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. ValuEngine lowered shares of Gener8 Maritime from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $10.00 price target on shares of Gener8 Maritime in a report on Monday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Gener8 Maritime currently has an average rating of “Hold” and a consensus price target of $7.50.
About Gener8 Maritime
Gener8 Maritime, Inc is a provider of international seaborne crude oil transportation services. The Company operates through the transportation of international seaborne crude oil and petroleum products with its fleet of vessels segment. As of March 10, 2017, the Company owned a fleet of 40 tankers on the water, consisting of 24 Very Large Crude Carriers (VLCCs), 10 Suezmax vessels, four Aframax vessels and two Panamax vessels, with an aggregate carrying capacity of 9.4 million deadweight tons (DWT) and one eco VLCC newbuilding.
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