Knighthead Capital Management buys $13,978,276 stake in Gener8 Maritime Inc (GNRT)

Gener8 Maritime Inc (GNRT) : Knighthead Capital Management scooped up 131,943 additional shares in Gener8 Maritime Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,667,610 shares of Gener8 Maritime Inc which is valued at $13,978,276.Gener8 Maritime Inc makes up approximately 6.16% of Knighthead Capital Management’s portfolio.

Other Hedge Funds, Including , Pdt Partners boosted its stake in GNRT in the latest quarter, The investment management firm added 6,800 additional shares and now holds a total of 29,200 shares of Gener8 Maritime Inc which is valued at $153,008. Gener8 Maritime Inc makes up approx 0.01% of Pdt Partners’s portfolio.Kennedy Capital Management boosted its stake in GNRT in the latest quarter, The investment management firm added 153,360 additional shares and now holds a total of 402,411 shares of Gener8 Maritime Inc which is valued at $2,108,634. Gener8 Maritime Inc makes up approx 0.04% of Kennedy Capital Management’s portfolio. Renaissance Technologies sold out all of its stake in GNRT during the most recent quarter. The investment firm sold 86,300 shares of GNRT which is valued $452,212. Strs Ohio added GNRT to its portfolio by purchasing 11,100 company shares during the most recent quarter which is valued at $62,049.

Gener8 Maritime Inc closed down -0.1 points or -2.00% at $4.91 with 2,82,345 shares getting traded on Thursday. Post opening the session at $4.98, the shares hit an intraday low of $4.85 and an intraday high of $5.045 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Gener8 Maritime Inc reported $0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.52. The company had revenue of $105.96 million for the quarter, compared to analysts expectations of $109.84 million. The company’s revenue was down -9.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.68 EPS.

Gener8 Maritime Inc. (Gener8 Maritime) provides international seaborne crude oil transportation services. The Company is engaged in the transportation of crude oil and petroleum products. Gener8 Maritime owns a fleet of around 46 tankers including 25 vessels on the water consisting of seven very large crude carriers (VLCCs) including Genmar Zeus Genmar Atlas Genmar Hercules Genmar Ulysses Genmar Poseidon Genmar Victory and Genmar Vision; 11 Suezmax vessels including Genmar Spartiate Genmar Maniate Genmar St. Nikolas Genmar George T Genmar Kara G Genmar Harriet G Genmar Orion Genmar Argus Genmar Spyridon Genmar Horn and Genmar Phoenix; four Aframax vessels including Genmar Strength Genmar Daphne Genmar Defiance and Genmar Elektra; two Panamax vessels including Genmar Companion and Genmar Compatriot and one Handymax vessel Genmar Consul. Its vessels have an aggregate carrying capacity of around 4.5MM deadweight tons (DWT).

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