Black Creek Investment Management Increased Its Now (DNOW) Position; Seanergy Maritime Holdings (SHIP) Sellers Decreased By 29.09% Their Shorts

February 18, 2018 - By Adrian Mccoy

Black Creek Investment Management Inc increased Now Inc (DNOW) stake by 15.33% reported in 2017Q3 SEC filing. Black Creek Investment Management Inc acquired 357,700 shares as Now Inc (DNOW)’s stock declined 12.97%. The Black Creek Investment Management Inc holds 2.69 million shares with $37.16 million value, up from 2.33 million last quarter. Now Inc now has $1.05B valuation. The stock decreased 4.79% or $0.49 during the last trading session, reaching $9.75. About 2.47 million shares traded or 67.63% up from the average. NOW Inc. (NYSE:DNOW) has risen 9.86% since February 18, 2017 and is uptrending. It has underperformed by 6.84% the S&P500.

Seanergy Maritime Holdings Corporation (NASDAQ:SHIP) had a decrease of 29.09% in short interest. SHIP’s SI was 1.51 million shares in February as released by FINRA. Its down 29.09% from 2.13M shares previously. With 547,300 avg volume, 3 days are for Seanergy Maritime Holdings Corporation (NASDAQ:SHIP)’s short sellers to cover SHIP’s short positions. The SI to Seanergy Maritime Holdings Corporation’s float is 8.44%. The stock increased 1.29% or $0.0133 during the last trading session, reaching $1.0433. About 46,161 shares traded. Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) has declined 72.33% since February 18, 2017 and is downtrending. It has underperformed by 89.03% the S&P500.

Seanergy Maritime Holdings Corp., an international shipping company, provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. The company has market cap of $38.58 million. The firm owns a modern fleet of 11 dry bulk carriers consisting of 9 Capesizes and 2 Supramaxes with a combined cargo-carrying capacity of approximately 1,682,582 dwt and an average fleet age of 8.1 years. It currently has negative earnings. The firm was formerly known as Seanergy Maritime Corp. and changed its name to Seanergy Maritime Holdings Corp. in January 2009.

Among 11 analysts covering Now Inc (NYSE:DNOW), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Now Inc had 42 analyst reports since August 6, 2015 according to SRatingsIntel. The company was initiated on Tuesday, September 15 by Credit Suisse. Stifel Nicolaus maintained it with “Buy” rating and $12.5 target in Sunday, December 10 report. KeyBanc Capital Markets maintained the stock with “Buy” rating in Friday, September 15 report. The rating was downgraded by Susquehanna to “Hold” on Thursday, November 2. On Monday, October 9 the stock rating was maintained by Robert W. Baird with “Buy”. The firm has “Hold” rating given on Friday, July 7 by Cowen & Co. As per Thursday, February 15, the company rating was maintained by Susquehanna. Cowen & Co maintained the stock with “Hold” rating in Thursday, November 2 report. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, February 15 report. The rating was maintained by KeyBanc Capital Markets on Thursday, February 15 with “Overweight”.

Investors sentiment increased to 1.22 in Q3 2017. Its up 0.09, from 1.13 in 2017Q2. It improved, as 35 investors sold DNOW shares while 62 reduced holdings. 31 funds opened positions while 87 raised stakes. 109.72 million shares or 3.22% more from 106.30 million shares in 2017Q2 were reported. Advisory Ser Net Limited Liability holds 1,206 shares or 0% of its portfolio. Wells Fargo And Mn holds 0% of its portfolio in NOW Inc. (NYSE:DNOW) for 853,511 shares. Indexiq Advsr Ltd Liability Corporation reported 0% of its portfolio in NOW Inc. (NYSE:DNOW). Investec Asset Ltd has invested 0.18% in NOW Inc. (NYSE:DNOW). Beddow Inc holds 0.42% of its portfolio in NOW Inc. (NYSE:DNOW) for 43,479 shares. Essex Mngmt Limited Liability Corp owns 87,809 shares. Liberty Mutual Group Incorporated Asset Incorporated stated it has 0.02% in NOW Inc. (NYSE:DNOW). Commonwealth Of Pennsylvania Pub School Empls Retrmt invested in 21,173 shares. Bnp Paribas Arbitrage Sa reported 0% of its portfolio in NOW Inc. (NYSE:DNOW). Skyline Asset Mngmt Lp reported 1.18% stake. Old Mutual Customised Solutions (Proprietary) Ltd owns 1,900 shares. Raymond James And Associates has invested 0.01% of its portfolio in NOW Inc. (NYSE:DNOW). Van Eck Assoc invested in 0% or 4,764 shares. Citadel Advisors Ltd Liability Corp invested in 284,734 shares or 0% of the stock. Texas Permanent School Fund has 0.01% invested in NOW Inc. (NYSE:DNOW).

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