Boston Partners grew its holdings in shares of Eagle Bulk Shipping Inc. (NASDAQ:EGLE – Free Report) by 10.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,793 shares of the shipping company’s stock after buying an additional 1,632 shares during the quarter. Boston Partners owned 0.18% of Eagle Bulk Shipping worth $748,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of EGLE. Worth Asset Management LLC acquired a new position in shares of Eagle Bulk Shipping during the first quarter worth $35,000. Tower Research Capital LLC TRC lifted its position in shares of Eagle Bulk Shipping by 102.0% during the first quarter. Tower Research Capital LLC TRC now owns 612 shares of the shipping company’s stock worth $28,000 after purchasing an additional 309 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Eagle Bulk Shipping during the second quarter worth $66,000. Money Concepts Capital Corp acquired a new position in shares of Eagle Bulk Shipping during the fourth quarter worth $72,000. Finally, Advisory Services Network LLC lifted its position in shares of Eagle Bulk Shipping by 681.0% during the first quarter. Advisory Services Network LLC now owns 1,476 shares of the shipping company’s stock worth $67,000 after purchasing an additional 1,287 shares in the last quarter. 89.69% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Jefferies Financial Group reissued a “hold” rating and set a $55.00 target price on shares of Eagle Bulk Shipping in a research report on Wednesday, January 31st. Noble Financial reaffirmed a “market perform” rating and issued a $52.00 price target on shares of Eagle Bulk Shipping in a report on Tuesday, December 12th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $55.00 price target (up from $54.00) on shares of Eagle Bulk Shipping in a report on Friday, January 26th. StockNews.com started coverage on shares of Eagle Bulk Shipping in a report on Sunday. They issued a “sell” rating on the stock. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Eagle Bulk Shipping in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $54.87.
Eagle Bulk Shipping Stock Up 1.4 %
Shares of NASDAQ:EGLE opened at $57.56 on Thursday. The stock has a market capitalization of $571.57 million, a price-to-earnings ratio of 16.89 and a beta of 1.50. Eagle Bulk Shipping Inc. has a 1-year low of $39.15 and a 1-year high of $67.09. The company’s fifty day moving average is $53.17 and its two-hundred day moving average is $46.50. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.74 and a current ratio of 0.86.
About Eagle Bulk Shipping
Eagle Bulk Shipping Inc engages in the ocean transportation of dry bulk cargoes worldwide. The company owns, charters, and operates dry bulk vessels that transport a range of bulk cargoes, including iron ore, coal, grains, fertilizers, steel products, petcoke, cement, and forest products. It serves miners, producers, traders, and end users.
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