The stock of Eagle Bulk Shipping Inc (NASDAQ:EGLE) is a huge mover today! About 739,772 shares traded hands or 559.83% up from the average. Eagle Bulk Shipping Inc (NASDAQ:EGLE) has declined 45.25% since April 1, 2016 and is downtrending. It has underperformed by 46.46% the S&P500.
The move comes after 8 months positive chart setup for the $210.84 million company. It was reported on Nov, 3 by Barchart.com. We have $8.55 PT which if reached, will make NASDAQ:EGLE worth $168.67M more.
Analysts await Eagle Bulk Shipping Inc (NASDAQ:EGLE) to report earnings on November, 21.
According to Zacks Investment Research, “Eagle Bulk Shipping is the largest U.S. based owner of Handymax dry bulk vessels. Handymax dry bulk vessels range in size from 35,000 to 60,000 deadweight tons, or dwt, and transport a broad range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.”
Insitutional Activity: The institutional sentiment decreased to 0.5 in Q2 2016. Its down 0.24, from 0.74 in 2016Q1. The ratio is negative, as 20 funds sold all Eagle Bulk Shipping Inc shares owned while 8 reduced positions. 5 funds bought stakes while 9 increased positions. They now own 26.94 million shares or 13.39% less from 31.11 million shares in 2016Q1.
The Alabama-based Oakworth has invested 0% in Eagle Bulk Shipping Inc (NASDAQ:EGLE). Moreover, Jpmorgan Chase And has 0% invested in Eagle Bulk Shipping Inc (NASDAQ:EGLE) for 24,921 shares. Barclays Public Limited Co holds 2,222 shares or 0% of its portfolio. Pnc Fincl Group Inc Inc Inc holds 0% or 522 shares in its portfolio. Kcg Hldgs Incorporated accumulated 0% or 26,140 shares. Wells Fargo Mn owns 11 shares or 0% of their US portfolio. Paloma Prtn holds 0% of its portfolio in Eagle Bulk Shipping Inc (NASDAQ:EGLE) for 70,623 shares. Financial Bank Of America Corp De, a North Carolina-based fund reported 8,746 shares. Citigroup reported 101 shares or 0% of all its holdings. Creative Planning has 0% invested in the company for 12 shares. Oaktree Capital Mgmt L P has invested 0.12% of its portfolio in Eagle Bulk Shipping Inc (NASDAQ:EGLE). Goldman Sachs reported 77,218 shares or 0% of all its holdings. Manufacturers Life Insurance The holds 7,447 shares or 0% of its portfolio. Franklin Resources Incorporated holds 870,767 shares or 0% of its portfolio. New York State Common Retirement Fund has 20,300 shares for 0% of their US portfolio.
Insider Transactions: Since August 10, 2016, the stock had 1 buying transaction, and 0 sales for $13.16 million net activity. 4.39 million Eagle Bulk Shipping Inc (NASDAQ:EGLE) shares with value of $13.16M were bought by GOLDENTREE ASSET MANAGEMENT LP.
More notable recent Eagle Bulk Shipping Inc (NASDAQ:EGLE) news were published by: Prnewswire.com which released: “Eagle Bulk Shipping Inc. to Issue Third Quarter 2016 Results and Hold Investor …” on November 01, 2016, also Prnewswire.com with their article: “Eagle Bulk Shipping Inc. Announces $85.0 Million Private Placement of Common Stock” published on July 05, 2016, Prnewswire.com published: “Eagle Bulk Shipping, Inc. Announces Comprehensive Balance Sheet Recapitalization” on March 30, 2016. More interesting news about Eagle Bulk Shipping Inc (NASDAQ:EGLE) were released by: Prnewswire.com and their article: “Eagle Bulk Shipping Inc. Announces Closing of $88.0 Million Private Placement …” published on August 10, 2016 as well as Prnewswire.com‘s news article titled: “Eagle Bulk Shipping Inc. Reports Second Quarter 2016 Results” with publication date: August 08, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.