The stock of Global Ship Lease Inc (NYSE:GSL) is a huge mover today! About 3.82 million shares traded hands or 2945.84% up from the average. Global Ship Lease Inc (NYSE:GSL) has risen 34.48% since April 14, 2016 and is uptrending. It has outperformed by 29.80% the S&P500.
The move comes after 6 months positive chart setup for the $207.88M company. It was reported on Nov, 16 by Barchart.com. We have $4.09 PT which if reached, will make NYSE:GSL worth $72.76 million more.
According to Zacks Investment Research, “GLOBAL SHIP LEASE is a rapidly growing containership charter owner. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under long-term, fixed rate charters to world class container liner companies.”
Insitutional Activity: The institutional sentiment increased to 0.67 in 2016 Q2. Its up 0.26, from 0.41 in 2016Q1. The ratio is positive, as 4 funds sold all Global Ship Lease Inc shares owned while 2 reduced positions. 2 funds bought stakes while 2 increased positions. They now own 2.76 million shares or 7.70% less from 2.99 million shares in 2016Q1.
Oxford Asset Mgmt reported 34,760 shares or 0% of all its holdings. Benchmark Capital Advsrs holds 0.31% of its portfolio in Global Ship Lease Inc (NYSE:GSL) for 299,900 shares. Hillsdale Inv Incorporated last reported 0.03% of its portfolio in the stock. Goldman Sachs holds 10,061 shares or 0% of its portfolio. Art Ltd Limited Liability Company accumulated 15,256 shares or 0% of the stock. Jefferies Group Limited Liability Co has invested 0% of its portfolio in Global Ship Lease Inc (NYSE:GSL). Brown Brothers Harriman And owns 20,000 shares or 0% of their US portfolio. Mount Lucas Mngmt Limited Partnership last reported 0.01% of its portfolio in the stock. The Pennsylvania-based Wealthtrust Axiom Limited Liability has invested 0.01% in Global Ship Lease Inc (NYSE:GSL). Blackrock Institutional Trust Na holds 0% or 14,044 shares in its portfolio. Tower Lc (Trc) owns 6,120 shares or 0% of their US portfolio. Renaissance Techs Limited Liability Company holds 0% or 1.07M shares in its portfolio. California Public Employees Retirement Sys last reported 0% of its portfolio in the stock. Bridgeway Cap Mngmt, a Texas-based fund reported 321,600 shares. First Republic Mgmt Inc holds 0% of its portfolio in Global Ship Lease Inc (NYSE:GSL) for 29,400 shares.
More important recent Global Ship Lease Inc (NYSE:GSL) news were published by: Globenewswire.com which released: “Global Ship Lease Announces Second Quarter 2016 Earnings Release, Conference …” on July 14, 2016, also Seekingalpha.com published article titled: “Global Ship Lease: Irrational Fear And Loathing On Dividend Suspension”, Globenewswire.com published: “Global Ship Lease Announces Results of 2016 Annual Meeting of Shareholders” on August 18, 2016. More interesting news about Global Ship Lease Inc (NYSE:GSL) was released by: Quotes.Wsj.com and their article: “DOW JONES, A NEWS CORP COMPANY” with publication date: February 11, 2011.
GSL Company Profile
Global Ship Lease, Inc., incorporated on March 14, 2008, is a holding firm and containership charter owner. The Company’s activity consists of the ownership and chartering out of containerships. The Firm owns a fleet of containerships with a range of sizes. The Company’s fleet consists of approximately 20 containerships, with a combined capacity of over 82,310 twenty-foot equivalent unit (TEU) and a weighted average age of approximately 11.0 years, and a non-weighted average age of over 11.3 years.
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