SEASPAN CORP/SH SH (NYSE:SSW) Trading 5.3% Higher

Shares of SEASPAN CORP/SH SH (NYSE:SSW) traded up 5.3% during trading on Monday . The stock traded as high as $11.15 and last traded at $11.14, 712,600 shares traded hands during mid-day trading. An increase of 8% from the average session volume of 661,823 shares. The stock had previously closed at $10.58.

A number of research firms have weighed in on SSW. Zacks Investment Research downgraded shares of SEASPAN CORP/SH SH from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. BMO Capital Markets began coverage on shares of SEASPAN CORP/SH SH in a report on Wednesday, August 14th. They issued a “market perform” rating and a $10.50 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $9.75.

The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 1.31 and a beta of 0.77. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.25. The company’s 50-day moving average is $10.21 and its 200-day moving average is $9.61.



SEASPAN CORP/SH SH (NYSE:SSW) last released its quarterly earnings data on Wednesday, August 7th. The shipping company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. SEASPAN CORP/SH SH had a return on equity of 9.45% and a net margin of 40.70%. The company had revenue of $275.42 million for the quarter, compared to the consensus estimate of $277.26 million. During the same period in the previous year, the business earned $0.34 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. On average, research analysts forecast that SEASPAN CORP/SH SH will post 0.71 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of SSW. SG Americas Securities LLC lifted its holdings in SEASPAN CORP/SH SH by 13.1% during the 1st quarter. SG Americas Securities LLC now owns 11,546 shares of the shipping company’s stock valued at $100,000 after purchasing an additional 1,333 shares during the last quarter. Raymond James & Associates increased its position in SEASPAN CORP/SH SH by 27.3% in the 1st quarter. Raymond James & Associates now owns 359,050 shares of the shipping company’s stock valued at $3,124,000 after acquiring an additional 76,956 shares in the last quarter. DDD Partners LLC raised its stake in shares of SEASPAN CORP/SH SH by 1.6% in the first quarter. DDD Partners LLC now owns 676,089 shares of the shipping company’s stock worth $5,882,000 after acquiring an additional 10,419 shares during the last quarter. Private Management Group Inc. bought a new position in shares of SEASPAN CORP/SH SH in the first quarter worth about $3,088,000. Finally, Punch & Associates Investment Management Inc. lifted its position in shares of SEASPAN CORP/SH SH by 7.5% during the first quarter. Punch & Associates Investment Management Inc. now owns 964,970 shares of the shipping company’s stock worth $8,395,000 after purchasing an additional 67,401 shares in the last quarter. 46.59% of the stock is owned by institutional investors and hedge funds.

SEASPAN CORP/SH SH Company Profile (NYSE:SSW)

Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company charters its containerships under long-term, fixed-rate time charters to various container liner companies. As of February 15, 2018, it operated a fleet of 91 containerships. The company was founded in 2005 and is based in Hong Kong, Hong Kong.

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