Bank of America Corp DE purchased a new position in Euronav NV (NYSE:CMBT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 55,715 shares of the company's stock, valued at approximately $553,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in CMBT. Norges Bank purchased a new stake in Euronav during the 4th quarter valued at $5,113,000. Uniplan Investment Counsel Inc. purchased a new position in shares of Euronav in the 4th quarter worth $4,261,000. Foundry Partners LLC bought a new position in Euronav in the 4th quarter worth $2,508,000. Envestnet Asset Management Inc. bought a new position in Euronav in the 4th quarter worth $655,000. Finally, Mariner LLC bought a new position in Euronav in the 4th quarter worth $520,000.
Euronav Stock Performance
Euronav stock traded down $0.01 during trading on Friday, reaching $9.57. The company had a trading volume of 98,812 shares, compared to its average volume of 115,910. The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 1.91. The firm's 50-day simple moving average is $9.11 and its 200 day simple moving average is $9.70. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 1.61 and a beta of 0.07. Euronav NV has a 52 week low of $7.65 and a 52 week high of $18.43.
Euronav (NYSE:CMBT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.19. The business had revenue of $225.66 million for the quarter, compared to analysts' expectations of $194.00 million. Euronav had a return on equity of 22.29% and a net margin of 117.02%.
Analysts Set New Price Targets
Separately, Wall Street Zen raised Euronav from a "sell" rating to a "hold" rating in a report on Saturday.
Check Out Our Latest Stock Report on Euronav
About Euronav
(
Free Report)
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.
Further Reading
Before you consider Euronav, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Euronav wasn't on the list.
While Euronav currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
