The stock of Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO) is a huge mover today! About 803,948 shares traded hands or 810.75% up from the average. Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO) has declined 35.11% since April 14, 2016 and is downtrending. It has underperformed by 39.79% the S&P500.
The move comes after 5 months positive chart setup for the $63.09 million company. It was reported on Nov, 16 by Barchart.com. We have $6.13 PT which if reached, will make NYSE:NAO worth $47.32 million more.
According to Zacks Investment Research, “Nordic American Offshore Ltd. is an international offshore supply vessel company. The Company operates platform supply vessels (PSVs) which are part of the oil exploration business, transporting stores, provisions and equipment to offshore oil installations in such places as the North Sea, the Gulf of Mexico, the coast of Brazil and other locations where there are offshore oil activities. Nordic American Offshore Ltd. is based in Hamilton, Bermuda.”
Insitutional Activity: The institutional sentiment decreased to 0.53 in 2016 Q2. Its down 0.35, from 0.88 in 2016Q1. The ratio worsened, as 20 funds sold all Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) shares owned while 12 reduced positions. 9 funds bought stakes while 8 increased positions. They now own 3.11 million shares or 27.48% less from 4.29 million shares in 2016Q1.
Fincl Bank Of Montreal Can reported 2,493 shares or 0% of all its holdings. Northern Trust Corp accumulated 0% or 12,187 shares. Blackrock Management Ltd Com holds 0% or 2,983 shares in its portfolio. Taylor Frigon Ltd Liability Corp owns 113,791 shares or 0.56% of their US portfolio. Moreover, Millennium Mgmt Lc has 0% invested in Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO) for 153,636 shares. Edge Wealth Mgmt Ltd Co holds 200 shares or 0% of its portfolio. Financial Bank Of America De has 0% invested in the company for 15,159 shares. North Star Inv Management Corp holds 0% or 1,368 shares in its portfolio. New York State Common Retirement Fund has 0% invested in the company for 3,523 shares. Fifth Third Bank, a Ohio-based fund reported 100 shares. Kcg has 16,195 shares for 0% of their US portfolio. Pnc Gp has invested 0% of its portfolio in Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO). Barclays Public Ltd Com reported 2,406 shares or 0% of all its holdings. The Minnesota-based Us Commercial Bank De has invested 0% in Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO). Sei Invests holds 5 shares or 0% of its portfolio.
NAO Company Profile
Nordic American Offshore Limited (NAO), incorporated on October 17, 2013, operates platform supply vessels (PSV). The Firm owns approximately eight vessels. The Firm operates in the offshore support vessel market segment. The Firm has approximately two vessels under construction. The Company’s vessels operate in the North Sea in both the term and spot market.
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