Segantii Capital Management Ltd Takes $4.38 Million Position in Euronav NV (NYSE:EURN)

Segantii Capital Management Ltd acquired a new stake in shares of Euronav NV (NYSE:EURN) during the fourth quarter, HoldingsChannel reports. The fund acquired 248,790 shares of the shipping company’s stock, valued at approximately $4,376,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Walleye Capital LLC purchased a new stake in shares of Euronav in the third quarter worth about $4,220,000. Penserra Capital Management LLC bought a new position in Euronav during the 3rd quarter valued at about $407,000. Covestor Ltd boosted its holdings in Euronav by 177.1% during the 3rd quarter. Covestor Ltd now owns 2,505 shares of the shipping company’s stock valued at $41,000 after acquiring an additional 1,601 shares during the period. Blue Trust Inc. purchased a new position in Euronav during the 4th quarter worth $29,000. Finally, Significant Wealth Partners LLC bought a new position in shares of Euronav during the fourth quarter valued at approximately $356,000.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. StockNews.com upgraded shares of Euronav from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Jefferies Financial Group reiterated a “hold” rating and issued a $18.00 price target on shares of Euronav in a report on Wednesday. JPMorgan Chase & Co. increased their price target on Euronav from $17.86 to $21.70 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Euronav from a “buy” rating to a “hold” rating and set a $17.86 price target on the stock. in a research report on Tuesday, February 6th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $19.18.

Euronav Price Performance

Shares of NYSE:EURN traded up $0.69 during midday trading on Thursday, hitting $19.29. The company had a trading volume of 467,717 shares, compared to its average volume of 1,185,406. Euronav NV has a twelve month low of $14.10 and a twelve month high of $19.31. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.84 and a quick ratio of 3.79. The business’s 50-day simple moving average is $16.79 and its 200-day simple moving average is $17.44. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 4.43, a price-to-earnings-growth ratio of 0.50 and a beta of 0.04.

Euronav Profile

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.