Odyssey Marine Exploration (NASDAQ:OMEX) Stock Rating Upgraded by StockNews.com

Odyssey Marine Exploration (NASDAQ:OMEX) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Odyssey Marine Exploration Trading Up 2.4 %

Shares of OMEX stock opened at $3.87 on Tuesday. The business’s 50 day moving average is $4.62 and its two-hundred day moving average is $4.33. Odyssey Marine Exploration has a 12 month low of $2.85 and a 12 month high of $5.57.

Odyssey Marine Exploration (NASDAQ:OMEX) last announced its quarterly earnings data on Monday, May 20th. The business services provider reported ($0.18) earnings per share (EPS) for the quarter. The firm had revenue of $0.20 million for the quarter.

Institutional Investors Weigh In On Odyssey Marine Exploration

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC acquired a new stake in shares of Odyssey Marine Exploration in the second quarter worth $372,000. Cowen AND Company LLC grew its stake in shares of Odyssey Marine Exploration by 20.0% in the second quarter. Cowen AND Company LLC now owns 36,000 shares of the business services provider’s stock worth $176,000 after acquiring an additional 6,000 shares during the last quarter. ARS Wealth Advisors Group LLC grew its stake in shares of Odyssey Marine Exploration by 5.7% in the second quarter. ARS Wealth Advisors Group LLC now owns 51,089 shares of the business services provider’s stock worth $249,000 after acquiring an additional 2,750 shares during the last quarter. FourWorld Capital Management LLC grew its stake in shares of Odyssey Marine Exploration by 11.2% in the first quarter. FourWorld Capital Management LLC now owns 3,116,047 shares of the business services provider’s stock worth $11,872,000 after acquiring an additional 313,926 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Odyssey Marine Exploration by 39.1% in the first quarter. Vanguard Group Inc. now owns 836,505 shares of the business services provider’s stock worth $3,187,000 after purchasing an additional 235,334 shares during the period. Institutional investors and hedge funds own 49.96% of the company’s stock.

About Odyssey Marine Exploration

Odyssey Marine Exploration, Inc, together with its subsidiaries, discovers, validates, and develops seafloor mineral resources worldwide. The company provides specialized mineral exploration, project development, and marine services to clients. Odyssey Marine Exploration, Inc was founded in 1994 and is headquartered in Tampa, Florida.