Gener8 Maritime Inc (GNRT) : Matlinpatterson Global Advisers scooped up 124,308 additional shares in Gener8 Maritime Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 233,348 shares of Gener8 Maritime Inc which is valued at $1.8 Million.Gener8 Maritime Inc makes up approximately 0.12% of Matlinpatterson Global Advisers’s portfolio.
Other Hedge Funds, Including , Parametric Portfolio Associates sold out all of its stake in GNRT during the most recent quarter. The investment firm sold 17,853 shares of GNRT which is valued $135,504.Blackrock Fund Advisors reduced its stake in GNRT by selling 4,128 shares or 1.02% in the most recent quarter. The Hedge Fund company now holds 402,460 shares of GNRT which is valued at $3.1 Million.Manufacturers Life Insurance Company The boosted its stake in GNRT in the latest quarter, The investment management firm added 3,914 additional shares and now holds a total of 7,097 shares of Gener8 Maritime Inc which is valued at $53,866. Tfs Capital added GNRT to its portfolio by purchasing 29,882 company shares during the most recent quarter which is valued at $226,804. Gener8 Maritime Inc makes up approx 0.03% of Tfs Capital’s portfolio.Schwab Charles Investment Management Inc boosted its stake in GNRT in the latest quarter, The investment management firm added 816 additional shares and now holds a total of 39,955 shares of Gener8 Maritime Inc which is valued at $291,272.
Gener8 Maritime Inc opened for trading at $6.9 and hit $6.97 on the upside on Wednesday, eventually ending the session at $6.91, with a gain of 1.17% or 0.08 points. The heightened volatility saw the trading volume jump to 5,57,441 shares. Company has a market cap of $571 M.
On the company’s financial health, Gener8 Maritime Inc reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 11, 2016. Analyst had a consensus of $0.66. The company had revenue of $121.69 million for the quarter, compared to analysts expectations of $119.16 million. The company’s revenue was up 61.2% compared to the same quarter last year.
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).