Cubist Systematic Strategies LLC Trims Stake in StealthGas Inc. (NASDAQ:GASS)

Cubist Systematic Strategies LLC reduced its position in shares of StealthGas Inc. (NASDAQ:GASS) by 52.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,512 shares of the shipping company’s stock after selling 34,209 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.08% of StealthGas worth $172,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Towerview LLC increased its holdings in StealthGas by 12.4% during the 4th quarter. Towerview LLC now owns 2,762,500 shares of the shipping company’s stock worth $15,608,000 after purchasing an additional 305,000 shares during the period. Marshall Wace LLP increased its holdings in StealthGas by 11.9% during the 4th quarter. Marshall Wace LLP now owns 366,203 shares of the shipping company’s stock worth $2,069,000 after purchasing an additional 39,027 shares during the period. Inspire Advisors LLC increased its holdings in StealthGas by 22.4% during the 4th quarter. Inspire Advisors LLC now owns 121,206 shares of the shipping company’s stock worth $685,000 after purchasing an additional 22,203 shares during the period. JPMorgan Chase & Co. increased its holdings in StealthGas by 156.1% during the 4th quarter. JPMorgan Chase & Co. now owns 72,770 shares of the shipping company’s stock worth $411,000 after purchasing an additional 44,354 shares during the period. Finally, Navellier & Associates Inc. increased its holdings in StealthGas by 12.0% during the 4th quarter. Navellier & Associates Inc. now owns 69,686 shares of the shipping company’s stock worth $394,000 after purchasing an additional 7,440 shares during the period. 66.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded StealthGas from a “buy” rating to a “hold” rating in a report on Tuesday, May 13th.

StealthGas Trading Up 2.0%

GASS opened at $5.51 on Monday. StealthGas Inc. has a 52 week low of $4.82 and a 52 week high of $8.84. The stock’s fifty day moving average is $5.43 and its two-hundred day moving average is $5.55. The company has a market capitalization of $203.75 million, a P/E ratio of 3.11 and a beta of 0.28. The company has a quick ratio of 2.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.13.

StealthGas (NASDAQ:GASS) last announced its quarterly earnings results on Friday, February 21st. The shipping company reported $0.38 earnings per share (EPS) for the quarter. StealthGas had a return on equity of 11.36% and a net margin of 40.87%. The business had revenue of $40.25 million for the quarter.

About StealthGas

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, as well as ammonia; refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel; and edible oils and chemicals.