LMR Partners LLP decreased its position in Euronav NV (NASDAQ:EURN) by 25.8% during the second quarter, Holdings Channel reports. The fund owned 13,292 shares of the company’s stock after selling 4,626 shares during the period. LMR Partners LLP’s holdings in Euronav NV were worth $122,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC increased its position in Euronav NV by 150.3% in the second quarter. Acadian Asset Management LLC now owns 627,063 shares of the company’s stock worth $5,744,000 after buying an additional 376,540 shares in the last quarter. Lingohr & Partner Asset Management GmbH acquired a new position in Euronav NV during the second quarter worth approximately $1,184,000. Finally, American Century Companies Inc. increased its position in Euronav NV by 4.7% in the second quarter. American Century Companies Inc. now owns 432,845 shares of the company’s stock worth $3,969,000 after buying an additional 19,532 shares in the last quarter.
Euronav NV (NASDAQ:EURN) traded up 2.60% during midday trading on Friday, reaching $7.90. The company’s stock had a trading volume of 642,397 shares. The firm has a 50 day moving average price of $8.35 and a 200 day moving average price of $9.40. The firm has a market capitalization of $1.25 billion and a PE ratio of 3.80. Euronav NV has a 1-year low of $7.39 and a 1-year high of $16.23.
Euronav NV (NASDAQ:EURN) last posted its earnings results on Thursday, July 28th. The company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.13. On average, analysts predict that Euronav NV will post $1.88 EPS for the current year.
The business also recently disclosed a special dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, September 21st were issued a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, September 20th.
A number of equities analysts have commented on EURN shares. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Euronav NV in a report on Tuesday, September 27th. Citigroup Inc. decreased their price objective on shares of Euronav NV from $14.00 to $11.00 and set a “buy” rating for the company in a report on Friday, July 29th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Euronav NV in a report on Wednesday, July 6th. Zacks Investment Research raised shares of Euronav NV from a “sell” rating to a “hold” rating in a report on Monday, August 29th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $9.50 price objective (down previously from $11.00) on shares of Euronav NV in a report on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $11.17.
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