Lathrop Investment Management Has Increased Its Kirby (KEX) Holding; Global Ship Lease (GSL)’s Sentiment Is 3

March 14, 2018 - By Dolores Ford

Global Ship Lease, Inc. owns and charters containerships of various sizes under long-term, fixed-rate charters to container shipping companies. The company has market cap of $59.97 million. As at December 31, 2016, the firm owned 18 vessels with a total capacity of 82,312 twenty-foot equivalent units. It currently has negative earnings.

Lathrop Investment Management Corp increased Kirby (KEX) stake by 27.17% reported in 2017Q3 SEC filing. Lathrop Investment Management Corp acquired 38,810 shares as Kirby (KEX)’s stock declined 5.82%. The Lathrop Investment Management Corp holds 181,655 shares with $11.98M value, up from 142,845 last quarter. Kirby now has $4.56B valuation. The stock decreased 1.55% or $1.2 during the last trading session, reaching $76.4. About 331,059 shares traded. Kirby Corporation (NYSE:KEX) has declined 0.86% since March 14, 2017 and is downtrending. It has underperformed by 17.56% the S&P500.

Lathrop Investment Management Corp decreased Convergys Corp (NYSE:CVG) stake by 23,865 shares to 241,552 valued at $6.25M in 2017Q3. It also reduced Nxp Semiconductors (NASDAQ:NXPI) stake by 9,532 shares and now owns 124,946 shares. Adobe Systems (NASDAQ:ADBE) was reduced too.

Since February 5, 2018, it had 0 buys, and 4 selling transactions for $854,762 activity. $124,142 worth of Kirby Corporation (NYSE:KEX) was sold by STRAHAN DORMAN LYNN on Tuesday, February 13. The insider Miller Monte J sold 2,336 shares worth $180,106. Another trade for 5,694 shares valued at $417,769 was sold by Mosley David R.

Investors sentiment increased to 1.05 in Q3 2017. Its up 0.01, from 1.04 in 2017Q2. It improved, as 23 investors sold KEX shares while 67 reduced holdings. 30 funds opened positions while 64 raised stakes. 56.43 million shares or 1.78% more from 55.44 million shares in 2017Q2 were reported. Profund Advsr Lc invested in 5,822 shares. Wells Fargo Mn stated it has 198,911 shares or 0% of all its holdings. 100 were accumulated by Salem Investment Counselors. Winfield Associate has invested 0% in Kirby Corporation (NYSE:KEX). Frontier Ltd holds 235,671 shares. Gemmer Asset Mgmt Ltd invested in 0% or 159 shares. Ohio-based Public Employees Retirement Sys Of Ohio has invested 0.03% in Kirby Corporation (NYSE:KEX). Baldwin Brothers Ma has 350 shares for 0% of their portfolio. Parallax Volatility Advisers Limited Partnership invested in 40 shares. Nomura Asset Mngmt Com stated it has 0.03% of its portfolio in Kirby Corporation (NYSE:KEX). Hightower Advsr Lc owns 20,217 shares or 0.01% of their US portfolio. Primecap Mgmt Ca owns 3,600 shares for 0% of their portfolio. Fil Limited stated it has 630,357 shares. Mitsubishi Ufj & Bk accumulated 0.02% or 154,300 shares. Barrow Hanley Mewhinney Strauss, a Texas-based fund reported 275 shares.

Among 15 analysts covering Kirby (NYSE:KEX), 7 have Buy rating, 1 Sell and 7 Hold. Therefore 47% are positive. Kirby had 37 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was downgraded by Evercore on Thursday, April 28 to “Hold”. On Thursday, January 28 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. As per Thursday, February 1, the company rating was maintained by Jefferies. On Thursday, January 28 the stock rating was maintained by Cowen & Co with “Outperform”. BBT upgraded the stock to “Buy” rating in Monday, May 2 report. The firm earned “Neutral” rating on Tuesday, June 21 by Credit Suisse. The rating was maintained by Stifel Nicolaus on Thursday, July 27 with “Hold”. Bank of America maintained the stock with “Underperform” rating in Thursday, February 1 report. The rating was upgraded by BB&T Capital to “Buy” on Monday, May 2. The stock has “Buy” rating by Wells Fargo on Monday, January 22.

Benchmark Capital Advisors holds 0.07% of its portfolio in Global Ship Lease, Inc. for 57,350 shares. Bbr Partners Llc owns 23,000 shares or 0.01% of their US portfolio. Moreover, Acadian Asset Management Llc has 0% invested in the company for 88,137 shares. The New York-based Blackrock Inc. has invested 0% in the stock. Brown Brothers Harriman & Co, a New York-based fund reported 20,000 shares.

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