SEASPAN CORP/SH SH (NYSE:SSW)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $13.73 and last traded at $13.73, with a volume of 11098 shares traded. The stock had previously closed at $13.45.
Several equities analysts recently weighed in on SSW shares. Zacks Investment Research upgraded shares of SEASPAN CORP/SH SH from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Wednesday, October 9th. BMO Capital Markets started 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. Bank of America downgraded shares of SEASPAN CORP/SH SH from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a report on Monday, November 25th. Finally, ValuEngine upgraded shares of SEASPAN CORP/SH SH from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. SEASPAN CORP/SH SH currently has a consensus rating of “Hold” and a consensus price target of $11.13.
The company’s fifty day moving average is $11.48 and its two-hundred day moving average is $10.49. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of 1.31 and a beta of 0.80.
Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp increased its position in shares of SEASPAN CORP/SH SH by 8.2% during the 3rd quarter. State Street Corp now owns 1,374,280 shares of the shipping company’s stock worth $14,609,000 after purchasing an additional 104,027 shares during the last quarter. Bartlett & Co. LLC acquired a new position in SEASPAN CORP/SH SH in the 3rd quarter valued at about $149,000. Comerica Bank grew its position in SEASPAN CORP/SH SH by 473.3% in the 3rd quarter. Comerica Bank now owns 65,636 shares of the shipping company’s stock valued at $748,000 after acquiring an additional 54,188 shares in the last quarter. California Public Employees Retirement System grew its position in SEASPAN CORP/SH SH by 130.6% in the 3rd quarter. California Public Employees Retirement System now owns 234,440 shares of the shipping company’s stock valued at $2,492,000 after acquiring an additional 132,793 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. acquired a new position in SEASPAN CORP/SH SH in the 3rd quarter valued at about $1,063,000. 47.48% of the stock is currently 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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