Aperio Group LLC Takes Position in Euronav NV (EURN)
Aperio Group LLC acquired a new position in shares of Euronav NV (NYSE:EURN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,500 shares of the shipping company’s stock, valued at approximately $124,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in Euronav in the second quarter valued at approximately $189,000. Dynamic Technology Lab Private Ltd acquired a new position in Euronav in the first quarter valued at approximately $110,000. Millennium Management LLC acquired a new position in Euronav in the first quarter valued at approximately $381,000. Guggenheim Capital LLC acquired a new position in Euronav in the first quarter valued at approximately $3,989,000. Finally, Jane Street Group LLC boosted its stake in Euronav by 165.1% in the first quarter. Jane Street Group LLC now owns 314,352 shares of the shipping company’s stock valued at $2,578,000 after acquiring an additional 195,767 shares during the period. Institutional investors and hedge funds own 44.97% of the company’s stock.
Shares of NYSE EURN opened at $8.10 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.06 and a quick ratio of 1.49. The company has a market cap of $1.31 billion, a PE ratio of -90.00 and a beta of 0.55. Euronav NV has a 12-month low of $7.50 and a 12-month high of $10.10.
EURN has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on Euronav from $9.00 to $9.50 and gave the company a “neutral” rating in a research note on Friday, August 10th. ValuEngine upgraded Euronav from a “hold” rating to a “buy” rating in a research note on Thursday, May 24th. Wells Fargo & Co reduced their price objective on Euronav from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Tuesday, August 14th. Finally, Pareto Securities upgraded Euronav from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $9.96.
Euronav NV, together with its subsidiaries, engages in 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 March 19, 2018, it owned and operated a fleet of 53 vessels, including 28 very large crude carriers, 1 V-Plus vessel, 22 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 4 Suezmax vessels under construction.
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