Euronav NV (NYSE:EURN) Shares Bought by Highland Capital Management LLC

Highland Capital Management LLC boosted its position in shares of Euronav NV (NYSE:EURN) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,200 shares of the shipping company’s stock after buying an additional 1,200 shares during the quarter. Highland Capital Management LLC’s holdings in Euronav were worth $918,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Walleye Capital LLC acquired a new stake in Euronav during the third quarter valued at $4,220,000. Penserra Capital Management LLC purchased a new position in Euronav during the third quarter valued at $407,000. Covestor Ltd lifted its holdings in Euronav by 177.1% during the third quarter. Covestor Ltd now owns 2,505 shares of the shipping company’s stock valued at $41,000 after purchasing an additional 1,601 shares in the last quarter. BNP Paribas Arbitrage SNC lifted its holdings in Euronav by 7.9% during the second quarter. BNP Paribas Arbitrage SNC now owns 69,607 shares of the shipping company’s stock valued at $1,059,000 after purchasing an additional 5,071 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in Euronav by 54.9% during the third quarter. Citigroup Inc. now owns 113,198 shares of the shipping company’s stock valued at $1,841,000 after purchasing an additional 40,120 shares in the last quarter.

Euronav Price Performance

EURN opened at $16.44 on Thursday. Euronav NV has a twelve month low of $14.10 and a twelve month high of $18.50. The firm’s 50-day moving average price is $17.40 and its 200 day moving average price is $17.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.88 and a current ratio of 1.94.

Euronav (NYSE:EURN) last posted its quarterly earnings results on Thursday, February 1st. The shipping company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.24. The firm had revenue of $233.62 million for the quarter, compared to analyst estimates of $266.87 million. Euronav had a net margin of 69.69% and a return on equity of 25.44%. As a group, equities analysts expect that Euronav NV will post 1.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on EURN shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $18.00 price objective (down from $21.00) on shares of Euronav in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft downgraded shares of Euronav from a “buy” rating to a “hold” rating and set a $17.86 price objective on the stock. in a report on Tuesday, February 6th. JPMorgan Chase & Co. increased their price objective on shares of Euronav from $17.86 to $21.70 and gave the company a “neutral” rating in a report on Friday, February 23rd. Finally, StockNews.com raised shares of Euronav from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $19.72.

Euronav Profile

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.