248,790 Shares in Euronav NV (NYSE:EURN) Bought by Segantii Capital Management Ltd

Segantii Capital Management Ltd acquired a new position in Euronav NV (NYSE:EURN) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 248,790 shares of the shipping company’s stock, valued at approximately $4,376,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Forest Avenue Capital Management LP raised its position in Euronav by 175.0% in the 3rd quarter. Forest Avenue Capital Management LP now owns 463,318 shares of the shipping company’s stock valued at $7,612,000 after buying an additional 294,844 shares during the last quarter. Walleye Capital LLC purchased a new position in Euronav in the third quarter valued at about $4,220,000. Acadian Asset Management LLC bought a new position in shares of Euronav during the 3rd quarter valued at approximately $2,913,000. Ramirez Asset Management Inc. purchased a new stake in shares of Euronav during the 3rd quarter worth approximately $2,078,000. Finally, BCK Capital Management LP bought a new stake in shares of Euronav in the 4th quarter worth approximately $1,633,000.

Euronav Trading Up 3.7 %

Shares of NYSE:EURN traded up $0.69 during trading on Thursday, hitting $19.29. The company had a trading volume of 467,717 shares, compared to its average volume of 1,185,406. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 4.43, a price-to-earnings-growth ratio of 0.50 and a beta of 0.04. The company has a fifty day simple moving average of $16.79 and a two-hundred day simple moving average of $17.44. Euronav NV has a one year low of $14.10 and a one year high of $19.31. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.84 and a quick ratio of 3.79.

Wall Street Analyst Weigh In

A number of analysts recently commented on EURN shares. JPMorgan Chase & Co. upped their price target on shares of Euronav from $17.86 to $21.70 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Deutsche Bank Aktiengesellschaft downgraded shares of Euronav from a “buy” rating to a “hold” rating and set a $17.86 price target for the company. in a research note on Tuesday, February 6th. Jefferies Financial Group reiterated a “hold” rating and set a $18.00 target price on shares of Euronav in a report on Wednesday. Finally, StockNews.com raised shares of Euronav from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.18.

About Euronav

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.