D. E. Shaw & Co. Inc. cut its position in shares of Euroseas Ltd. (NASDAQ:ESEA - Free Report) by 56.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,830 shares of the shipping company's stock after selling 21,628 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.24% of Euroseas worth $609,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC raised its holdings in Euroseas by 67.5% in the 3rd quarter. Barclays PLC now owns 623 shares of the shipping company's stock valued at $30,000 after buying an additional 251 shares during the period. Bank of America Corp DE raised its stake in shares of Euroseas by 1,611.0% in the 4th quarter. Bank of America Corp DE now owns 1,865 shares of the shipping company's stock valued at $68,000 after acquiring an additional 1,756 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of Euroseas in the 4th quarter worth approximately $306,000. Mariner LLC acquired a new stake in Euroseas in the 4th quarter valued at approximately $306,000. Finally, Cubist Systematic Strategies LLC lifted its stake in Euroseas by 4.6% during the fourth quarter. Cubist Systematic Strategies LLC now owns 10,813 shares of the shipping company's stock worth $391,000 after purchasing an additional 471 shares in the last quarter. 6.27% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Wall Street Zen initiated coverage on Euroseas in a report on Tuesday, May 20th. They issued a "hold" rating on the stock.
Check Out Our Latest Report on ESEA
Euroseas Stock Down 0.3%
Shares of Euroseas stock traded down $0.12 on Friday, reaching $38.09. 3,326 shares of the company were exchanged, compared to its average volume of 32,271. The stock's 50 day moving average price is $32.74 and its 200-day moving average price is $34.22. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.65 and a quick ratio of 1.59. Euroseas Ltd. has a 1-year low of $26.30 and a 1-year high of $50.92. The company has a market cap of $266.98 million, a P/E ratio of 2.35 and a beta of 0.75.
About Euroseas
(
Free Report)
Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables. As of March 31, 2024, it had a fleet of 20 containerships with a cargo carrying capacity of approximately 777,749 dwt.
Further Reading
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