Bank of New York Mellon Corp bought a new stake in shares of Toro Corp. (NASDAQ:TORO - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 969,433 shares of the company's stock, valued at approximately $94,442,000. Bank of New York Mellon Corp owned approximately 4.52% of Toro at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Group One Trading LLC acquired a new stake in shares of Toro in the third quarter valued at about $70,000. Citadel Advisors LLC acquired a new stake in Toro in the 3rd quarter worth about $79,000. Renaissance Technologies LLC boosted its holdings in Toro by 19.2% in the 4th quarter. Renaissance Technologies LLC now owns 186,700 shares of the company's stock worth $986,000 after buying an additional 30,100 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new stake in Toro during the 2nd quarter worth approximately $1,445,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Toro during the second quarter valued at approximately $1,605,000. 1.74% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts recently commented on the company. Weiss Ratings downgraded Toro from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, July 30th. Wall Street Zen upgraded shares of Toro to a "hold" rating in a research report on Saturday, June 20th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold".
Get Our Latest Stock Analysis on Toro
Toro Stock Performance
Shares of Toro stock opened at $6.11 on Tuesday. The stock has a 50 day moving average of $5.21 and a 200 day moving average of $4.74. The firm has a market capitalization of $131.21 million, a price-to-earnings ratio of 152.79 and a beta of 2.53. Toro Corp. has a fifty-two week low of $2.64 and a fifty-two week high of $8.50.
Toro (NASDAQ:TORO - Get Free Report) last posted its earnings results on Thursday, May 28th. The company reported ($0.02) EPS for the quarter. The business had revenue of $5.96 million during the quarter. Toro had a net margin of 22.67% and a return on equity of 2.49%.
About Toro
(
Free Report)
Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.
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