Nordic American Tanker Ltd (NAT) Stake Increased by Bank of Montreal Can
April 24th, 2016 - By John Bondi - 0 comments
Nordic American Tanker logoBank of Montreal Can increased its stake in Nordic American Tanker Ltd (NYSE:NAT) by 284.5% during the fourth quarter, Holdings Channel reports. The firm owned 164,224 shares of the company’s stock after buying an additional 121,509 shares during the period. Bank of Montreal Can owned 0.18% of Nordic American Tanker worth $2,552,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in shares of Nordic American Tanker during the fourth quarter valued at approximately $677,000. HighPoint Advisor Group LLC bought a new stake in shares of Nordic American Tanker during the fourth quarter valued at approximately $262,000. Doheny Asset Management CA raised its stake in shares of Nordic American Tanker by 215.3% in the fourth quarter. Doheny Asset Management CA now owns 293,250 shares of the company’s stock valued at $4,557,000 after buying an additional 200,250 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Nordic American Tanker by 467.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,520,178 shares of the company’s stock valued at $23,623,000 after buying an additional 1,252,220 shares during the period. Finally, New York State Common Retirement Fund raised its stake in shares of Nordic American Tanker by 4.3% in the fourth quarter. New York State Common Retirement Fund now owns 87,900 shares of the company’s stock valued at $1,366,000 after buying an additional 3,600 shares during the period.
Shares of Nordic American Tanker Ltd (NYSE:NAT) opened at 14.62 on Friday. The stock has a market capitalization of $1.31 billion and a price-to-earnings ratio of 11.38. The firm has a 50-day moving average of $14.17 and a 200 day moving average of $14.32. Nordic American Tanker Ltd has a one year low of $9.94 and a one year high of $17.45.
Nordic American Tanker (NYSE:NAT) last posted its quarterly earnings results on Monday, February 8th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.45 by $0.11. The business had revenue of $77.40 million for the quarter, compared to the consensus estimate of $86.42 million. During the same period in the previous year, the business earned $0.01 EPS. On average, equities research analysts predict that Nordic American Tanker Ltd will post $1.11 EPS for the current year.