Eagle Bulk Shipping Inc. (NASDAQ:EGLE) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC lowered its holdings in shares of Eagle Bulk Shipping Inc. (NASDAQ:EGLEFree Report) by 13.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,825 shares of the shipping company’s stock after selling 1,233 shares during the quarter. New York Life Investment Management LLC owned about 0.08% of Eagle Bulk Shipping worth $329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Legal & General Group Plc raised its holdings in shares of Eagle Bulk Shipping by 4.8% during the 4th quarter. Legal & General Group Plc now owns 4,160 shares of the shipping company’s stock valued at $208,000 after purchasing an additional 192 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Eagle Bulk Shipping by 0.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 68,440 shares of the shipping company’s stock valued at $3,288,000 after purchasing an additional 292 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Eagle Bulk Shipping by 102.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 612 shares of the shipping company’s stock valued at $28,000 after purchasing an additional 309 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Eagle Bulk Shipping by 0.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 34,586 shares of the shipping company’s stock valued at $1,574,000 after purchasing an additional 324 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in shares of Eagle Bulk Shipping by 12.1% during the 4th quarter. Citigroup Inc. now owns 4,365 shares of the shipping company’s stock valued at $218,000 after purchasing an additional 470 shares in the last quarter. Institutional investors own 89.69% of the company’s stock.

Eagle Bulk Shipping Stock Performance

NASDAQ EGLE opened at $58.63 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.86 and a quick ratio of 0.74. The firm has a market capitalization of $582.20 million, a price-to-earnings ratio of 24.43 and a beta of 1.50. The company’s fifty day moving average is $53.83 and its two-hundred day moving average is $46.80. Eagle Bulk Shipping Inc. has a 52-week low of $39.15 and a 52-week high of $67.09.

Analyst Ratings Changes

A number of research analysts recently issued reports on EGLE shares. Stifel Nicolaus reiterated a “hold” rating and issued a $55.00 target price (up from $54.00) on shares of Eagle Bulk Shipping in a research note on Friday, January 26th. B. Riley lowered shares of Eagle Bulk Shipping from a “buy” rating to a “neutral” rating and lowered their target price for the company from $72.00 to $52.20 in a research note on Tuesday, December 12th. Jefferies Financial Group reiterated a “hold” rating and issued a $55.00 target price on shares of Eagle Bulk Shipping in a research note on Wednesday, January 31st. TheStreet lowered shares of Eagle Bulk Shipping from a “b” rating to a “c+” rating in a research note on Friday, November 3rd. Finally, BTIG Research reiterated a “neutral” rating on shares of Eagle Bulk Shipping in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $54.87.

Read Our Latest Research Report on Eagle Bulk Shipping

About Eagle Bulk Shipping

(Free Report)

Eagle Bulk Shipping Inc engages in the ocean transportation of dry bulk cargoes worldwide. The company owns, charters, and operates dry bulk vessels that transport a range of bulk cargoes, including iron ore, coal, grains, fertilizers, steel products, petcoke, cement, and forest products. It serves miners, producers, traders, and end users.

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Institutional Ownership by Quarter for Eagle Bulk Shipping (NASDAQ:EGLE)

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