Euronav NV (EURN) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC lowered its position in Euronav NV (NASDAQ:EURN) by 79.5% during the second quarter, Holdings Channel reports. The fund owned 139,783 shares of the shipping company’s stock after selling 542,682 shares during the period. Acadian Asset Management LLC’s holdings in Euronav NV were worth $1,104,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FMR LLC raised its stake in shares of Euronav NV by 45.3% in the first quarter. FMR LLC now owns 3,083,015 shares of the shipping company’s stock worth $24,658,000 after buying an additional 961,865 shares during the last quarter. Doheny Asset Management CA raised its stake in shares of Euronav NV by 161.3% in the first quarter. Doheny Asset Management CA now owns 1,118,320 shares of the shipping company’s stock worth $8,835,000 after buying an additional 690,370 shares during the last quarter. City Financial Investment Co Ltd acquired a new stake in shares of Euronav NV during the first quarter worth $5,066,000. Lingohr & Partner Asset Management GmbH raised its stake in shares of Euronav NV by 25.8% in the first quarter. Lingohr & Partner Asset Management GmbH now owns 1,640,365 shares of the shipping company’s stock worth $12,959,000 after buying an additional 336,932 shares during the last quarter. Finally, Cedar Capital LLC raised its stake in shares of Euronav NV by 81.3% in the first quarter. Cedar Capital LLC now owns 329,597 shares of the shipping company’s stock worth $2,604,000 after buying an additional 147,782 shares during the last quarter.

Shares of Euronav NV (NASDAQ EURN) traded down 0.66% during midday trading on Thursday, reaching $7.50. The company had a trading volume of 498,902 shares. Euronav NV has a 52-week low of $6.65 and a 52-week high of $9.51. The stock has a market capitalization of $1.19 billion and a PE ratio of 9.51. The company’s 50 day moving average price is $7.80 and its 200 day moving average price is $7.84.

Euronav NV (NASDAQ:EURN) last posted its earnings results on Thursday, August 10th. The shipping company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.11. Equities research analysts expect that Euronav NV will post $1.88 earnings per share for the current year.

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EURN has been the topic of a number of research analyst reports. Zacks Investment Research lowered Euronav NV from a “hold” rating to a “strong sell” rating in a research note on Friday, April 21st. ValuEngine lowered Euronav NV from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded Euronav NV from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Stifel Nicolaus restated a “hold” rating and set a $8.00 price target on shares of Euronav NV in a research note on Friday, July 7th. Finally, TheStreet upgraded Euronav NV from a “d+” rating to a “c-” rating in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $9.50.

Euronav NV Company Profile

Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean 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 April 4, 2017, it owned and operated a fleet of 55 double hulled vessels, including 31 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 2 Suezmax vessels under construction.

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Institutional Ownership by Quarter for Euronav NV (NASDAQ:EURN)

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