Eagle Bulk Shipping Inc. (NASDAQ:EGLE) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of ($0.09) per share for the quarter.
Shares of Eagle Bulk Shipping Inc. (NASDAQ EGLE) opened at 4.70 on Wednesday. Eagle Bulk Shipping Inc. has a 1-year low of $4.10 and a 1-year high of $11.16. The company has a 50-day moving average price of $4.66 and a 200 day moving average price of $4.65.
A number of hedge funds and other institutional investors have recently bought and sold shares of EGLE. The Manufacturers Life Insurance Company increased its stake in Eagle Bulk Shipping by 5,708.4% in the second quarter. The Manufacturers Life Insurance Company now owns 34,386 shares of the shipping company’s stock valued at $162,000 after purchasing an additional 33,794 shares during the period. California State Teachers Retirement System acquired a new position in Eagle Bulk Shipping in the second quarter valued at $322,000. Finally, State Street Corp acquired a new position in Eagle Bulk Shipping in the second quarter valued at $1,905,000. Institutional investors own 17.62% of the company’s stock.
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Several equities research analysts recently commented on EGLE shares. ValuEngine upgraded shares of Eagle Bulk Shipping from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded shares of Eagle Bulk Shipping from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Monday, August 7th. Maxim Group started coverage on shares of Eagle Bulk Shipping in a research note on Monday, August 21st. They set a “hold” rating and a $4.50 price target on the stock. Finally, BidaskClub lowered shares of Eagle Bulk Shipping from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Eagle Bulk Shipping has a consensus rating of “Hold” and a consensus target price of $5.67.
Eagle Bulk Shipping Company Profile
Eagle Bulk Shipping Inc is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with particular emphasis on the Supramax class of vessels.
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