Eneti (NYSE:NETI – Get Free Report) will be issuing its quarterly earnings data before the market opens on Tuesday, November 14th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
Eneti Stock Down 1.2 %
NETI stock opened at $9.98 on Friday. The company has a fifty day moving average price of $10.13 and a 200 day moving average price of $10.64. Eneti has a 12 month low of $7.75 and a 12 month high of $13.54. The company has a market cap of $385.73 million, a price-to-earnings ratio of -17.51 and a beta of 1.16. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.87 and a quick ratio of 2.76.
Analyst Ratings Changes
Separately, TheStreet cut shares of Eneti from a “c-” rating to a “d+” rating in a research note on Wednesday, August 9th.
Institutional Trading of Eneti
Institutional investors and hedge funds have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. acquired a new stake in Eneti in the first quarter valued at approximately $2,563,000. Marshall Wace LLP bought a new position in Eneti during the fourth quarter worth $2,710,000. Dimensional Fund Advisors LP lifted its stake in Eneti by 54.6% during the second quarter. Dimensional Fund Advisors LP now owns 679,567 shares of the company’s stock worth $8,230,000 after purchasing an additional 240,026 shares during the last quarter. Two Sigma Investments LP lifted its stake in Eneti by 223.2% in the fourth quarter. Two Sigma Investments LP now owns 255,465 shares of the company’s stock valued at $2,567,000 after buying an additional 176,425 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Eneti by 57.3% in the first quarter. Renaissance Technologies LLC now owns 463,145 shares of the company’s stock valued at $2,941,000 after buying an additional 168,787 shares during the last quarter. Institutional investors and hedge funds own 66.15% of the company’s stock.
Eneti Inc engages in offshore wind and marine-based renewable energy businesses. It owns and operates five wind turbine installation vessels. The company was formerly known as Scorpio Bulkers Inc and changed its name to Eneti Inc in February 2021. Eneti Inc was incorporated in 2013 and is based in Monaco.
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