Envestnet Asset Management Inc. Invests $655,000 in Euronav NV (NYSE:CMBT)

Envestnet Asset Management Inc. acquired a new position in Euronav NV (NYSE:CMBT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 65,988 shares of the company’s stock, valued at approximately $655,000.

Several other hedge funds have also recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in shares of Euronav during the 4th quarter worth $54,000. Norges Bank acquired a new stake in shares of Euronav in the fourth quarter valued at about $5,113,000. Blue Trust Inc. bought a new position in shares of Euronav in the fourth quarter worth about $363,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Euronav during the 4th quarter worth about $58,000. Finally, Foundry Partners LLC bought a new stake in Euronav during the 4th quarter valued at approximately $2,508,000.

Euronav Stock Performance

CMBT opened at $9.76 on Friday. Euronav NV has a 12-month low of $7.65 and a 12-month high of $18.43. The firm has a market capitalization of $1.90 billion, a P/E ratio of 1.65 and a beta of 0.05. The stock’s 50 day moving average price is $9.00 and its two-hundred day moving average price is $10.59. The company has a quick ratio of 1.22, a current ratio of 1.29 and a debt-to-equity ratio of 1.91.

Euronav Profile

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.