Segantii Capital Management Ltd Takes $4.38 Million Position in Euronav NV (NYSE:EURN)

Segantii Capital Management Ltd bought a new position in shares of Euronav NV (NYSE:EURN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 248,790 shares of the shipping company's stock, valued at approximately $4,376,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EURN. BCK Capital Management LP acquired a new position in shares of Euronav in the 4th quarter valued at $1,633,000. Wolverine Asset Management LLC acquired a new position in Euronav in the fourth quarter worth about $802,000. Significant Wealth Partners LLC bought a new position in Euronav during the fourth quarter worth about $356,000. Quaero Capital S.A. acquired a new stake in Euronav during the fourth quarter valued at approximately $382,000. Finally, U S Global Investors Inc. bought a new stake in shares of Euronav in the 4th quarter valued at approximately $92,000.

Euronav Trading Up 3.8 %

EURN traded up $0.70 during mid-day trading on Thursday, reaching $19.30. The stock had a trading volume of 469,752 shares, compared to its average volume of 1,185,406. The firm's fifty day simple moving average is $16.82 and its two-hundred day simple moving average is $17.45. The stock has a market capitalization of $3.89 billion, a P/E ratio of 4.52, a P/E/G ratio of 0.50 and a beta of 0.04. Euronav NV has a 52 week low of $14.10 and a 52 week high of $19.31. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.79 and a current ratio of 3.84.

Analyst Ratings Changes

Several research analysts have issued reports on EURN shares. Deutsche Bank Aktiengesellschaft lowered Euronav from a "buy" rating to a "hold" rating and set a $17.86 price objective for the company. in a research note on Tuesday, February 6th. Jefferies Financial Group reaffirmed a "hold" rating and set a $18.00 price target on shares of Euronav in a report on Wednesday. StockNews.com downgraded Euronav from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their target price on Euronav from $17.86 to $21.70 and gave the stock a "neutral" rating in a report on Friday, February 23rd. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Euronav has a consensus rating of "Hold" and an average target price of $19.18.

Euronav Profile

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.