Safe Bulkers (NYSE:SB – Get Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.
SB has been the topic of a number of other reports. DNB Markets upgraded Safe Bulkers from a “hold” rating to a “buy” rating and set a $4.20 price target on the stock in a research note on Monday. Jefferies Financial Group reaffirmed a “buy” rating and set a $6.00 price target on shares of Safe Bulkers in a research note on Thursday, November 14th.
View Our Latest Research Report on SB
Safe Bulkers Price Performance
Hedge Funds Weigh In On Safe Bulkers
Several hedge funds have recently bought and sold shares of the company. nVerses Capital LLC boosted its position in Safe Bulkers by 269.0% during the third quarter. nVerses Capital LLC now owns 10,700 shares of the shipping company’s stock worth $55,000 after purchasing an additional 7,800 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Safe Bulkers in the 3rd quarter worth about $86,000. Aigen Investment Management LP acquired a new stake in Safe Bulkers in the 3rd quarter valued at about $90,000. Verition Fund Management LLC increased its holdings in Safe Bulkers by 27.0% during the 3rd quarter. Verition Fund Management LLC now owns 18,400 shares of the shipping company’s stock valued at $95,000 after acquiring an additional 3,913 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Safe Bulkers during the third quarter worth about $109,000. 21.69% of the stock is owned by hedge funds and other institutional investors.
Safe Bulkers Company Profile
Safe Bulkers, Inc, together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. The company has a fleet of 47 drybulk vessels having an aggregate carrying capacity of 4,719,600 deadweight tons.
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