Squarepoint Ops LLC Reduces Stake in CMB.TECH nv $CMBT

Key Points

• Squarepoint Ops LLC cut its CMB.TECH stake by 68.8% during the second quarter, selling 102,293 shares and retaining 46,402 shares valued at approximately $649,000.
• Institutional activity was mixed, with several investors initiating positions or adding shares, while analysts maintained a generally positive outlook: CMB.TECH has a consensus “Buy” rating despite one downgrade to “Hold.”
• CMB.TECH reported quarterly revenue of $703.94 million and earnings of $1.26 per share. Its stock opened at $20.28, near its 52-week high of $20.82, with a market capitalization of about $4.04 billion.

Squarepoint Ops LLC cut its position in shares of CMB.TECH nv (NYSE:CMBT - Free Report) by 68.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,402 shares of the company's stock after selling 102,293 shares during the quarter. Squarepoint Ops LLC's holdings in CMB.TECH were worth $649,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CMBT. Sigma Planning Corp increased its position in shares of CMB.TECH by 2.2% in the first quarter. Sigma Planning Corp now owns 41,143 shares of the company's stock valued at $520,000 after buying an additional 886 shares in the last quarter. Valley Wealth Managers Inc. acquired a new stake in CMB.TECH in the 1st quarter valued at about $33,000. Caitong International Asset Management Co. Ltd acquired a new stake in CMB.TECH in the 4th quarter valued at about $29,000. Optiver Holding B.V. increased its holdings in CMB.TECH by 145.7% during the 1st quarter. Optiver Holding B.V. now owns 12,473 shares of the company's stock valued at $158,000 after acquiring an additional 7,397 shares in the last quarter. Finally, Everstar Asset Management LLC purchased a new position in CMB.TECH during the 1st quarter valued at about $191,000.

Analyst Ratings Changes

Several brokerages have issued reports on CMBT. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of CMB.TECH in a report on Tuesday, August 25th. Wall Street Zen downgraded CMB.TECH from a "buy" rating to a "hold" rating in a research report on Saturday, September 5th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, CMB.TECH currently has a consensus rating of "Buy".

CMB.TECH Stock Performance

NYSE:CMBT opened at $20.28 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.12 and a quick ratio of 0.97. The firm has a market cap of $4.04 billion, a PE ratio of 6.97 and a beta of 0.14. The firm has a 50 day simple moving average of $17.33 and a 200-day simple moving average of $15.24. CMB.TECH nv has a 1-year low of $8.88 and a 1-year high of $20.82.

CMB.TECH (NYSE:CMBT - Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $1.26 earnings per share (EPS) for the quarter. CMB.TECH had a net margin of 37.19% and a return on equity of 30.02%. The firm had revenue of $703.94 million for the quarter.

CMB.TECH Profile

CMB.TECH is a diversified maritime and clean-technology company headquartered in Antwerp, Belgium. The company owns and operates ocean-going vessels across several shipping segments, including dry bulk, container shipping, chemical tankers and offshore wind support. Its activities serve international customers and global trade routes.

In addition to conventional maritime transportation, CMB.TECH develops and applies alternative-fuel and low-emission technologies for shipping. Its clean-technology activities include the use of hydrogen, ammonia and other alternative energy solutions, as well as related fueling infrastructure and applications for marine and other heavy-duty transport.

The company traces its roots to Compagnie Maritime Belge, a Belgian shipping group established in 1895.

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