Scorpio Tankers Inc (NYSE:STNG).
Hosking Partners Llp bought 633,624 shares last quarter increasing its holdings in Scorpio Tankers Inc by 8.3%. Its stake was valued at $28,480,000 a decrease of 6.5% as of quarter end.
Here are a few institutional investors who have updated their positions. California State Teachers Retirement System expanded its position by buying 51,909 shares an increase of 17.8% in the quarter. California State Teachers Retirement System claims 344,143 shares valued at $1,180,000. The value of the position overall is up by 1.7%. Dimensional Fund Advisors Lp bolstered its holdings by buying 875,100 shares an increase of 5.5% from 06/30/2017 to 09/30/2017. Dimensional Fund Advisors Lp currently owns 16,862,543 shares worth $57,839,000. The total value of its holdings decreased 8.9%.
As of quarter end First Mercantile Trust Co had bought 3,163 shares growing its position 5.6%. The value of the investment in (STNG) decreased from $226,000 to $206,000 decreasing 8.8% quarter over quarter.
October 31 investment analysts at Jefferies Group LLC kept the company rating at “Buy” with a current price target of $5.50. On October 29, 2017 Stifel Nicolaus updated coverage of STNG stating a rating of “Buy” and setting a price target of $7.00.
On September 20 Stifel Nicolaus left the stock rating at “Buy” projecting a price of $7.00. September 19 investment analysts at Credit Suisse Group maintained a company rating of “Buy” targeting a price of $7.00.
Equity analyst Stifel Nicolaus issued a report on STNG and giving a rating of “Buy” and price target of $8.00. On July 31 analysts at Credit Suisse Group released a research note on STNG with a rating of “Buy” and a price target of $7.00.
The company is so far trading up by 0.74% percent from yesterday’s close. Scorpio Tankers Inc’s P/E ratio is N/A and the market cap is 948.54M. In the last earnings report the EPS was $-0.80 with 280.22M shares presently outstanding.
Traders are a little more bearish on Scorpio Tankers Inc as inferred by the change in short interest. The company had a rise in short interest of 16.92% as of the latest report on October 13, 2017. Short shares increased 1,900,166 over that period. The days to cover increased to 5.0 and the percentage of shorted shares is 0.05% as of October 13.