Gener8 Maritime Inc (GNRT) Shares Bought by Kennedy Capital Management Inc.

Kennedy Capital Management Inc. increased its stake in Gener8 Maritime Inc (NASDAQ:GNRT) by 26.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 748,175 shares of the shipping company’s stock after acquiring an additional 154,342 shares during the period. Kennedy Capital Management Inc. owned approximately 0.90% of Gener8 Maritime worth $4,257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GNRT. Teachers Advisors LLC boosted its position in shares of Gener8 Maritime by 43.2% in the fourth quarter. Teachers Advisors LLC now owns 88,029 shares of the shipping company’s stock worth $394,000 after acquiring an additional 26,555 shares during the last quarter. Wells Fargo & Company MN boosted its position 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 worth $254,000 after acquiring an additional 17,550 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Gener8 Maritime by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 222,466 shares of the shipping company’s stock worth $1,261,000 after acquiring an additional 2,254 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Gener8 Maritime in the first quarter worth approximately $226,000. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Gener8 Maritime by 455.8% in the first quarter. Parametric Portfolio Associates LLC now owns 76,413 shares of the shipping company’s stock worth $433,000 after acquiring an additional 62,665 shares during the last quarter.

WARNING: This article was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.chaffeybreeze.com/2017/09/17/gener8-maritime-inc-gnrt-shares-bought-by-kennedy-capital-management-inc.html.

Shares of Gener8 Maritime Inc (NASDAQ:GNRT) opened at 4.86 on Friday. The company has a 50 day moving average of $4.68 and a 200 day moving average of $4.81. The firm’s market capitalization is $403.32 million. Gener8 Maritime Inc has a 52-week low of $3.52 and a 52-week high of $5.69.

Gener8 Maritime (NASDAQ:GNRT) last released its earnings results on Tuesday, August 1st. The shipping company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.05). Gener8 Maritime had a negative net margin of 110.14% and a negative return on equity of 23.25%. The business had revenue of $74.95 million for the quarter, compared to analysts’ expectations of $76.55 million. During the same period last year, the firm earned $0.51 EPS. The company’s revenue was down 29.3% compared to the same quarter last year. On average, analysts anticipate that Gener8 Maritime Inc will post ($0.02) earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on the stock. ValuEngine cut shares of Gener8 Maritime from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub cut shares of Gener8 Maritime from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of Gener8 Maritime from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. Jefferies Group LLC reissued a “buy” rating and issued a $10.00 target price on shares of Gener8 Maritime in a research report on Tuesday, May 30th. Finally, TheStreet raised shares of Gener8 Maritime from a “d” rating to a “c-” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $10.00.

Gener8 Maritime Company Profile

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.

Institutional Ownership by Quarter for Gener8 Maritime (NASDAQ:GNRT)

Receive News & Ratings for Gener8 Maritime Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gener8 Maritime Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply