SEASPAN CORP/SH SH (NYSE:SSW) Reaches New 1-Year High at $13.73

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.

SEASPAN CORP/SH SH (NYSE:SSW) last issued its quarterly earnings data on Thursday, November 7th. The shipping company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $282.72 million for the quarter, compared to analysts’ expectations of $283.21 million. SEASPAN CORP/SH SH had a net margin of 37.89% and a return on equity of 8.27%. On average, sell-side analysts anticipate that SEASPAN CORP/SH SH will post 0.79 EPS for the current fiscal year.

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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