Marshall Wace LLP Has $1.30 Million Position in Euronav NV (NYSE:EURN)

Marshall Wace LLP reduced its stake in shares of Euronav NV (NYSE:EURN) by 32.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 160,049 shares of the shipping company’s stock after selling 78,301 shares during the period. Marshall Wace LLP owned 0.07% of Euronav worth $1,304,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of EURN. Bienville Capital Management LLC acquired a new position in Euronav during the 1st quarter worth $82,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Euronav during the first quarter valued at about $133,000. Mraz Amerine & Associates Inc. raised its position in shares of Euronav by 5.3% during the first quarter. Mraz Amerine & Associates Inc. now owns 39,899 shares of the shipping company’s stock valued at $325,000 after buying an additional 2,000 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Euronav by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 165,588 shares of the shipping company’s stock valued at $1,148,000 after buying an additional 8,635 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Euronav by 5.1% during the third quarter. JPMorgan Chase & Co. now owns 148,865 shares of the shipping company’s stock valued at $1,295,000 after buying an additional 7,207 shares during the last quarter. Hedge funds and other institutional investors own 30.17% of the company’s stock.

Shares of EURN traded down $0.01 during mid-day trading on Thursday, hitting $8.94. 270,322 shares of the company traded hands, compared to its average volume of 401,881. Euronav NV has a one year low of $6.77 and a one year high of $10.22. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.29 and a quick ratio of 1.19. The business has a 50-day simple moving average of $8.83. The stock has a market capitalization of $2.04 billion, a PE ratio of -13.75 and a beta of 0.97.

Euronav (NYSE:EURN) last announced its quarterly earnings data on Tuesday, April 30th. The shipping company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Euronav had a negative net margin of 7.01% and a negative return on equity of 3.29%. The business had revenue of $197.00 million during the quarter, compared to the consensus estimate of $206.08 million.

Several research firms recently issued reports on EURN. TheStreet raised shares of Vectrus from a “c+” rating to a “b” rating in a research report on Monday, April 15th. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Finally, ValuEngine raised shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $10.93.

About Euronav

Euronav NV, together with its subsidiaries, engages in the 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 December 12, 2018, it owned and operated a fleet of vessels, including 43 very large crude carriers, 2 ULCCs, 26 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 1 LR1s.

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Institutional Ownership by Quarter for Euronav (NYSE:EURN)

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