Star Bulk Carriers Corp. (SBLK) Lifted to C at TheStreet

TheStreet upgraded shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) from a d+ rating to a c rating in a research report report published on Wednesday morning.

A number of other research analysts also recently weighed in on SBLK. Stifel Nicolaus set a $11.00 price objective on shares of Star Bulk Carriers Corp. and gave the company a hold rating in a research report on Sunday, May 28th. Zacks Investment Research upgraded shares of Star Bulk Carriers Corp. from a sell rating to a hold rating in a research report on Tuesday, August 1st. BidaskClub downgraded shares of Star Bulk Carriers Corp. from a hold rating to a sell rating in a research report on Thursday, July 27th. Jefferies Group LLC restated a buy rating and set a $13.00 price objective on shares of Star Bulk Carriers Corp. in a research report on Friday, May 26th. Finally, Seaport Global Securities upgraded shares of Star Bulk Carriers Corp. from a neutral rating to a buy rating and increased their price objective for the company from $11.50 to $13.00 in a research report on Friday, May 26th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Star Bulk Carriers Corp. currently has an average rating of Hold and an average target price of $12.50.

Star Bulk Carriers Corp. (NASDAQ:SBLK) opened at 10.31 on Wednesday. Star Bulk Carriers Corp. has a 52-week low of $3.95 and a 52-week high of $13.40. The firm’s 50 day moving average is $9.78 and its 200 day moving average is $9.52. The company’s market cap is $652.99 million.

Star Bulk Carriers Corp. (NASDAQ:SBLK) last posted its quarterly earnings results on Wednesday, May 24th. The shipping company reported ($0.21) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.04. The firm had revenue of $64.87 million for the quarter, compared to analysts’ expectations of $64.27 million. Star Bulk Carriers Corp. had a negative net margin of 36.90% and a negative return on equity of 5.59%. Analysts forecast that Star Bulk Carriers Corp. will post ($0.46) EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Investment Centers of America Inc. acquired a new position in Star Bulk Carriers Corp. during the first quarter valued at $118,000. Capital Fund Management S.A. acquired a new position in Star Bulk Carriers Corp. during the second quarter valued at $103,000. KCG Holdings Inc. acquired a new position in Star Bulk Carriers Corp. during the first quarter valued at $140,000. Fox Run Management L.L.C. acquired a new position in Star Bulk Carriers Corp. during the second quarter valued at $145,000. Finally, Engineers Gate Manager LP acquired a new position in Star Bulk Carriers Corp. during the first quarter valued at $201,000. Institutional investors own 74.03% of the company’s stock.

Star Bulk Carriers Corp. Company Profile

Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. As of December 31, 2016, the Company’s fleet included 73 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels with a carrying capacity between 52,055 and 209,537 deadweight tonnage (dwt).

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