Star Bulk Carriers Corp. (SBLK) Shares Bought by Citadel Advisors LLC

Citadel Advisors LLC boosted its position in Star Bulk Carriers Corp. (NASDAQ:SBLK) by 203.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,672 shares of the shipping company’s stock after acquiring an additional 24,572 shares during the quarter. Citadel Advisors LLC owned 0.06% of Star Bulk Carriers Corp. worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Impala Asset Management LLC boosted its holdings in Star Bulk Carriers Corp. by 248.4% in the second quarter. Impala Asset Management LLC now owns 1,946,775 shares of the shipping company’s stock valued at $19,137,000 after acquiring an additional 1,387,975 shares during the last quarter. Capital Fund Management S.A. acquired a new position in shares of Star Bulk Carriers Corp. during the second quarter worth about $103,000. Engineers Gate Manager LP lifted its stake in shares of Star Bulk Carriers Corp. by 176.5% during the second quarter. Engineers Gate Manager LP now owns 46,689 shares of the shipping company’s stock worth $459,000 after purchasing an additional 29,803 shares in the last quarter. Westpac Banking Corp lifted its stake in shares of Star Bulk Carriers Corp. by 13.8% during the second quarter. Westpac Banking Corp now owns 31,820 shares of the shipping company’s stock worth $313,000 after purchasing an additional 3,859 shares in the last quarter. Finally, Leucadia National Corp lifted its stake in shares of Star Bulk Carriers Corp. by 491.5% during the second quarter. Leucadia National Corp now owns 174,589 shares of the shipping company’s stock worth $1,716,000 after purchasing an additional 145,073 shares in the last quarter. Hedge funds and other institutional investors own 75.03% of the company’s stock.

A number of brokerages have commented on SBLK. TheStreet upgraded Star Bulk Carriers Corp. from a “d+” rating to a “c” rating in a research note on Wednesday, August 9th. BidaskClub cut Star Bulk Carriers Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research cut Star Bulk Carriers Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. Finally, Pareto Securities upgraded Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Star Bulk Carriers Corp. currently has a consensus rating of “Buy” and an average target price of $12.80.

Star Bulk Carriers Corp. (NASDAQ SBLK) opened at 9.92 on Wednesday. The firm’s market cap is $629.08 million. Star Bulk Carriers Corp. has a 52 week low of $4.04 and a 52 week high of $13.40. The firm’s 50 day moving average price is $10.71 and its 200-day moving average price is $9.92.

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Star Bulk Carriers Corp. Company Profile

Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. As of December 31, 2016, the Company’s fleet included 73 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels with a carrying capacity between 52,055 and 209,537 deadweight tonnage (dwt).

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Institutional Ownership by Quarter for Star Bulk Carriers Corp. (NASDAQ:SBLK)

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