DryShips Inc (fka DRYS)

[twosecure]

‘DRYS’ STRONG BUY . . . . . . . ….

https://www.thecerbatgem.com/2017/02/02/dryships-inc-drys-upgraded-to-strong-buy-at-vetr-inc.html

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February 2nd, 2017 - By Teresa Graham

DryShips Inc. logoVetr upgraded shares of DryShips Inc. (NASDAQ:DRYS) from a buy rating to a strong-buy rating in a research note published on Wednesday. The brokerage currently has $5.41 price target on the stock.

Shares of DryShips (NASDAQ:DRYS) traded down 11.26% during mid-day trading on Wednesday, reaching $4.10. 21,121,144 shares of the company traded hands. DryShips has a 52 week low of $1.97 and a 52 week high of $2,227.20. The stock’s market capitalization is $565800.00. The firm has a 50 day moving average of $20.83 and a 200-day moving average of $79.00.

In related news, major shareholder James Leichter bought 100,000 shares of the stock in a transaction dated Monday, November 28th. The stock was purchased at an average cost of $5.81 per share, with a total value of $581,000.00. Following the completion of the purchase, the insider now owns 300,000 shares of the company’s stock, valued at $1,743,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Several hedge funds have recently modified their holdings of DRYS. A.R.T. Advisors LLC raised its stake in shares of DryShips by 236.8% in the second quarter. A.R.T. Advisors LLC now owns 225,303 shares of the company’s stock worth $126,000 after buying an additional 158,403 shares in the last quarter. Bridgeway Capital Management Inc. bought a new stake in shares of DryShips during the second quarter worth about $136,000. Finally, Parametric Portfolio Associates LLC raised its stake in shares of DryShips by 33.6% in the second quarter. Parametric Portfolio Associates LLC now owns 442,444 shares of the company’s stock worth $249,000 after buying an additional 111,298 shares in the last quarter. 12.70% of the stock is owned by hedge funds and other institutional investors.

(DRYS earnings report next week, don't miss out)