Separately, Zacks Investment Research cut Hersha Hospitality Trust from a buy rating to a hold rating in a report on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating, The stock has an average rating of Hold and a consensus target price of $23.50.
Shares of McDermott International stock opened at $10.49 on Thursday. The company has a debt-to-equity ratio of 5.61, a current ratio of 0.70 and a quick ratio of 0.68. The business has a 50 day moving average of $7.92. McDermott International has a one year low of $5.91 and a one year high of $20.63.
Institutional investors have recently made changes to their positions in the company. Piedmont Investment Advisors Inc. purchased a new position in shares of McDermott International in the 1st quarter worth approximately $77,000. Squarepoint Ops LLC boosted its holdings in McDermott International by 174.2% during the 4th quarter. Squarepoint Ops LLC now owns 217,562 shares of the oil and gas company’s stock valued at $1,423,000 after acquiring an additional 138,211 shares during the period. Ellis Investment Partners LLC purchased a new position in McDermott International during the 1st quarter valued at $1,906,000. Dimensional Fund Advisors LP boosted its holdings in McDermott International by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,234,912 shares of the oil and gas company’s stock valued at $60,399,000 after acquiring an additional 269,091 shares during the period. Finally, First Trust Advisors LP boosted its holdings in McDermott International by 91.6% during the 4th quarter. First Trust Advisors LP now owns 245,657 shares of the oil and gas company’s stock valued at $1,607,000 after acquiring an additional 117,412 shares during the period. Hedge funds and other institutional investors own 86.56% of the company’s stock.
About McDermott International
McDermott International, Inc provides engineering, procurement, construction and installation, and technology solutions to the energy industry worldwide. It operates through five segments: North, Central and South America; Europe, Africa, Russia and Caspian; the Middle East and North Africa; Asia Pacific; and Technology.
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