TORM (NASDAQ:TRMD – Get Free Report) had its price objective decreased by Evercore ISI from $25.00 to $23.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s price objective would suggest a potential upside of 48.01% from the company’s previous close.
Separately, Kepler Capital Markets lowered TORM from a “hold” rating to a “strong sell” rating in a report on Thursday, March 27th.
Check Out Our Latest Report on TRMD
TORM Price Performance
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its holdings in shares of TORM by 49.5% during the 4th quarter. Jones Financial Companies Lllp now owns 5,859 shares of the company’s stock valued at $114,000 after acquiring an additional 1,939 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in TORM by 8.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,991 shares of the company’s stock valued at $175,000 after purchasing an additional 711 shares in the last quarter. Apollon Wealth Management LLC raised its position in TORM by 26.1% in the 4th quarter. Apollon Wealth Management LLC now owns 10,719 shares of the company’s stock valued at $208,000 after buying an additional 2,219 shares during the last quarter. Aristides Capital LLC purchased a new position in shares of TORM in the 4th quarter worth approximately $216,000. Finally, NewEdge Advisors LLC grew its stake in shares of TORM by 16.4% during the 4th quarter. NewEdge Advisors LLC now owns 11,964 shares of the company’s stock worth $233,000 after acquiring an additional 1,685 shares during the period. 73.89% of the stock is owned by institutional investors.
About TORM
TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom. It operates in two operating segments, Tanker and Marine Exhaust. The Tanker segment transports refined oil products, such as gasoline, jet fuel, kerosene, naphtha, and gas oil, as well as dirty petroleum products, including fuel oil.
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