Gener8 Maritime, Inc. (GNRT) Forms $5.33 Double Bottom; Cornerstone Capital Management Holdings Lowered Silgan Holdings (SLGN) Position By $4.26 Million

Gener8 Maritime, Inc. (GNRT) formed double bottom with $4.85 target or 9.00% below today’s $5.33 share price. Gener8 Maritime, Inc. (GNRT) has $443.82M valuation. The stock increased 1.14% or $0.06 during the last trading session, reaching $5.33. About 629,442 shares traded or 8.85% up from the average. Gener8 Maritime, Inc. (NYSE:GNRT) has declined 26.90% since February 12, 2017 and is downtrending. It has underperformed by 43.60% the S&P500.

Cornerstone Capital Management Holdings Llc decreased Silgan Holdings Inc (SLGN) stake by 46.04% reported in 2017Q3 SEC filing. Cornerstone Capital Management Holdings Llc sold 147,054 shares as Silgan Holdings Inc (SLGN)’s stock rose 2.46%. The Cornerstone Capital Management Holdings Llc holds 172,372 shares with $5.07M value, down from 319,426 last quarter. Silgan Holdings Inc now has $3.07 billion valuation. The stock decreased 0.39% or $0.11 during the last trading session, reaching $27.79. About 713,339 shares traded or 40.26% up from the average. Silgan Holdings Inc. (NASDAQ:SLGN) has risen 26.81% since February 12, 2017 and is uptrending. It has outperformed by 10.11% the S&P500.

Among 6 analysts covering Gener8 Maritime (NYSE:GNRT), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Gener8 Maritime has $17 highest and $6 lowest target. $11.38’s average target is 113.51% above currents $5.33 stock price. Gener8 Maritime had 14 analyst reports since September 14, 2015 according to SRatingsIntel. Evercore downgraded it to “In-Line” rating and $6 target in Tuesday, January 23 report. The stock of Gener8 Maritime, Inc. (NYSE:GNRT) has “Buy” rating given on Monday, August 7 by Jefferies. Jefferies maintained Gener8 Maritime, Inc. (NYSE:GNRT) on Tuesday, May 30 with “Buy” rating. The stock has “Buy” rating by Jefferies on Monday, July 3. The company was reinitiated on Monday, December 18 by Jefferies. Seaport Global reinitiated Gener8 Maritime, Inc. (NYSE:GNRT) on Wednesday, May 4 with “Buy” rating. Jefferies maintained the stock with “Buy” rating in Thursday, October 19 report. Jefferies maintained it with “Buy” rating and $10.0 target in Monday, September 18 report. On Monday, September 14 the stock rating was initiated by Morgan Stanley with “Equal-Weight”. On Friday, January 26 the stock rating was maintained by Jefferies with “Buy”.

Analysts await Gener8 Maritime, Inc. (NYSE:GNRT) to report earnings on March, 12. They expect $-0.10 earnings per share, down 143.48% or $0.33 from last year’s $0.23 per share. After $-0.39 actual earnings per share reported by Gener8 Maritime, Inc. for the previous quarter, Wall Street now forecasts -74.36% EPS growth.

Cornerstone Capital Management Holdings Llc increased Nordstrom Inc (NYSE:JWN) stake by 65,642 shares to 85,572 valued at $4.03 million in 2017Q3. It also upped World Acceptance Corp (NASDAQ:WRLD) stake by 11,200 shares and now owns 63,562 shares. Malibu Boats Inc (NASDAQ:MBUU) was raised too.

Since August 14, 2017, it had 0 buys, and 2 sales for $274,021 activity. Andreacchi Anthony P sold $66,155 worth of Silgan Holdings Inc. (NASDAQ:SLGN) on Thursday, August 31. 7,000 shares were sold by LEWIS ROBERT B, worth $207,866. $323,335 worth of Silgan Holdings Inc. (NASDAQ:SLGN) was sold by Snyder Thomas James on Monday, August 14.