Nordic American Tankers Limited (NYSE:NAT) Position Boosted by KCG Holdings Inc

The institutional investor held 19,984 shares of the consumer non-durables company at the end of 2017Q3, valued at $1.21 million, down from 35,763 at the end of the previous reported quarter.

The consensus recommendation - averaging the work of 10 analysts - of 3.3 for Nordic American Tankers Limited (NAT) points to bearish case. 1,539,546 shares of the company's stock traded hands, compared to its average volume of 1,920,291. Global X Management Co. Northern Trust Corp lifted its position in Nordic American Tanker by 40.4% in the second quarter.

A public company's latest 13F filings tell investors important details about institutional ownership. Greylin Investment Mangement Inc. now owns 727,750 shares of the shipping company's stock worth $1,790,000 after buying an additional 210,225 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Nordic American Tanker by 73.2% during the 3rd quarter. Tocqueville Asset Management L.P. bought a new stake in shares of Nordic American Tanker during the third quarter worth $887,000.

In the past 52-week period, shares of Nordic American Tankers Limited (NYSE:NAT) have moved within the range of $2.45 to $8.89. Schwab Charles Investment Management Inc. now owns 679,061 shares of the shipping company's stock worth $1,671,000 after buying an additional 133,411 shares during the last quarter. KCG Holdings Inc.'s holdings in Nordic American Tankers Limited were worth $204,000 as of its most recent SEC filing.

Nordic American Tanker Shipping Ltd (NYSE:NAT) shares traded -3.07% down during most recent session to reach at the closing price of $2.53. Brookdale Senior Living Inc (NYSE:BKD) has a market capitalization of $1.84 Billion and most recently 188.35 Million outstanding shares have been calculated.

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In general, more thrust is placed on most recent actions by assigning higher weights to it than those assigned to past movements. Virginia Retirement Systems ET AL bought a new stake in Acorda Therapeutics during the second quarter valued at about $256,000.

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Nordic American Tanker Shipping Ltd (NYSE:NAT) 52-week high price stands at $8.89 and low price stands at $2.45, its price distance from 52-week high is -71.54% while its distance from 52-week low price is 3.27%. The company had revenue of $23.67 million during the quarter, compared to analyst estimates of $28.74 million. analysts expect that Nordic American Tanker will post -0.63 earnings per share for the current fiscal year. Its down 7.32% from 14.77M shares, reported previously.

Nordic American Tanker Shipping Ltd (NYSE:NAT)'s trailing twelve month revenues are $397.8 Million, whereas its price to sales ratio for the same period is 0.9. Nordic American Tankers Limited's quarterly revenue was down 28.0% compared to the same quarter a year ago. In order to determine directional movement, the 50-day and 200-day moving averages for Nordic American Tankers Limited (NYSE:NAT) are $2.79 and $4.53. Nordic American Tankers Limited's dividend payout ratio (DPR) is presently 4,000.00%. Zacks Investment Research downgraded Nordic American Tanker from a hold rating to a strong sell rating in a research note on Tuesday, October 10th.

On the other hand the company has Relative Strength Index (RSI 14) of 31.95 along with Average True Range (ATR 14) of 0.1, Consequently Nordic American Tanker Shipping Ltd (NYSE:NAT)'s weekly and monthly volatility is 3.17%, 3.83% respectively. Morgan Stanley maintained Nordic American Tankers Limited (NYSE:NAT) rating on Wednesday, November 8. ValuEngine downgraded shares of Nordic American Tanker from a "sell" rating to a "strong sell" rating in a report on Sunday, December 31st. On Monday, September 25 the stock rating was maintained by Jefferies with "Sell". The stock now has a consensus rating of Hold and an average target price of $4.17.

Nordic American Tankers Limited, a tanker company, engages in acquiring and chartering double-hull tankers worldwide. The Company owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage (dwt) each. The Company's Suezmaxes tankers can carry over one million barrels of oil.

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