Genco Shipping & Trading Limited (GNK) Reaches $16.74 52-Week High; Tig Advisors Boosted Time Warner (TWX) Position

April 22, 2018 - By Winifred Garcia

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Tig Advisors Llc increased Time Warner Inc (TWX) stake by 2114.35% reported in 2017Q4 SEC filing. Tig Advisors Llc acquired 1.62 million shares as Time Warner Inc (TWX)’s stock rose 1.97%. The Tig Advisors Llc holds 1.69M shares with $154.75M value, up from 76,400 last quarter. Time Warner Inc now has $75.05B valuation. The stock decreased 0.35% or $0.34 during the last trading session, reaching $96.24. About 5.88M shares traded or 11.00% up from the average. Time Warner Inc. (NYSE:TWX) has declined 3.25% since April 22, 2017 and is downtrending. It has underperformed by 14.80% the S&P500.

The stock of Genco Shipping & Trading Limited (NYSE:GNK) hit a new 52-week high and has $17.24 target or 3.00% above today’s $16.74 share price. The 6 months bullish chart indicates low risk for the $578.07M company. The 1-year high was reported on Apr, 22 by Barchart.com. If the $17.24 price target is reached, the company will be worth $17.34 million more. The stock decreased 0.53% or $0.09 during the last trading session, reaching $16.74. About 179,774 shares traded or 46.76% up from the average. Genco Shipping & Trading Limited (NYSE:GNK) has risen 34.54% since April 22, 2017 and is uptrending. It has outperformed by 22.99% the S&P500.

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company has market cap of $578.07 million. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ores, coal, grains, steel products, and other dry-bulk cargoes. It currently has negative earnings. The firm charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities.

Analysts await Genco Shipping & Trading Limited (NYSE:GNK) to report earnings on May, 14. They expect $-0.26 EPS, up 60.61% or $0.40 from last year’s $-0.66 per share. After $0.07 actual EPS reported by Genco Shipping & Trading Limited for the previous quarter, Wall Street now forecasts -471.43% negative EPS growth.

Among 7 analysts covering Genco Shipping & Trading Limited (NYSE:GNK), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Genco Shipping & Trading Limited has $22 highest and $1.20 lowest target. $17.64’s average target is 5.38% above currents $16.74 stock price. Genco Shipping & Trading Limited had 20 analyst reports since October 23, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Seaport Global given on Tuesday, August 2. The stock of Genco Shipping & Trading Limited (NYSE:GNK) earned “Buy” rating by Jefferies on Wednesday, July 27. As per Tuesday, December 15, the company rating was downgraded by Morgan Stanley. Morgan Stanley maintained the shares of GNK in report on Monday, February 12 with “Equal-Weight” rating. The stock of Genco Shipping & Trading Limited (NYSE:GNK) has “Equal-Weight” rating given on Tuesday, March 28 by Morgan Stanley. The rating was maintained by Morgan Stanley on Tuesday, April 17 with “Equal-Weight”. Jefferies maintained Genco Shipping & Trading Limited (NYSE:GNK) rating on Friday, September 29. Jefferies has “Buy” rating and $20.0 target. Jefferies maintained it with “Buy” rating and $20.0 target in Monday, August 28 report. The company was maintained on Monday, October 30 by Jefferies. The rating was initiated by Jefferies with “Buy” on Monday, December 18.

Among 41 analysts covering Time Warner Inc. (NYSE:TWX), 18 have Buy rating, 0 Sell and 23 Hold. Therefore 44% are positive. Time Warner Inc. had 125 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Thursday, November 5 by RBC Capital Markets. As per Monday, October 16, the company rating was downgraded by FBR Capital. The firm has “Hold” rating given on Friday, October 27 by Cowen & Co. The stock of Time Warner Inc. (NYSE:TWX) earned “Hold” rating by RBC Capital Markets on Monday, June 12. The rating was upgraded by Moffett Nathanson to “” on Friday, August 7. The firm has “Outperform” rating given on Monday, October 31 by FBR Capital. The firm earned “Buy” rating on Friday, July 28 by Jefferies. The stock of Time Warner Inc. (NYSE:TWX) has “Buy” rating given on Thursday, October 8 by Topeka Capital Markets. Pivotal Research downgraded the shares of TWX in report on Tuesday, April 17 to “Hold” rating. Bernstein downgraded Time Warner Inc. (NYSE:TWX) rating on Thursday, August 20. Bernstein has “Market Perform” rating and $90 target.

Since December 14, 2017, it had 0 buys, and 3 insider sales for $2.88 million activity. Shares for $2.11 million were sold by OLAFSSON OLAF. WRIGHT DEBORAH C sold $376,219 worth of stock or 4,019 shares. The insider BARR WILLIAM P sold $390,647.

Time Warner Inc. (NYSE:TWX) Institutional Positions Chart

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