Bank of America Corp DE raised its stake in CMB.TECH nv (NYSE:CMBT - Free Report) by 526.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,072,822 shares of the company's stock after acquiring an additional 901,688 shares during the period. Bank of America Corp DE's holdings in CMB.TECH were worth $13,571,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in CMBT. Mcguire Capital Advisors Inc. bought a new position in CMB.TECH during the 4th quarter worth $26,000. Raymond James Financial Inc. bought a new stake in CMB.TECH in the second quarter valued at $27,000. Caitong International Asset Management Co. Ltd bought a new stake in CMB.TECH in the fourth quarter valued at $29,000. Valley Wealth Managers Inc. acquired a new position in shares of CMB.TECH during the first quarter valued at $33,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of CMB.TECH during the third quarter valued at $45,000.
CMB.TECH Stock Up 2.6%
CMBT stock opened at $18.07 on Friday. The company has a 50 day moving average of $15.66 and a two-hundred day moving average of $14.44. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 10.69 and a beta of 0.12. CMB.TECH nv has a 12-month low of $7.86 and a 12-month high of $18.52. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.59.
CMB.TECH (NYSE:CMBT - Get Free Report) last posted its earnings results on Tuesday, May 19th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $0.27 by $1.00. The firm had revenue of $519.63 million for the quarter, compared to the consensus estimate of $422.43 million. CMB.TECH had a net margin of 24.94% and a return on equity of 18.25%.
Analyst Ratings Changes
CMBT has been the subject of a number of research reports. Weiss Ratings raised CMB.TECH from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, May 28th. Wall Street Zen upgraded CMB.TECH from a "hold" rating to a "buy" rating in a report on Saturday, May 30th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, CMB.TECH currently has an average rating of "Buy".
View Our Latest Research Report on CMB.TECH
CMB.TECH Company Profile
(
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. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.
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