Two Sigma Investments LP Decreases Position in Euroseas Ltd. (NASDAQ:ESEA)

Two Sigma Investments LP trimmed its holdings in Euroseas Ltd. (NASDAQ:ESEA) by 33.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,635 shares of the shipping company’s stock after selling 5,970 shares during the quarter. Two Sigma Investments LP owned approximately 0.17% of Euroseas worth $421,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC boosted its position in Euroseas by 661.4% during the 4th quarter. Millennium Management LLC now owns 40,931 shares of the shipping company’s stock valued at $1,482,000 after acquiring an additional 35,555 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Euroseas by 71.5% during the 4th quarter. Marshall Wace LLP now owns 40,703 shares of the shipping company’s stock valued at $1,473,000 after buying an additional 16,969 shares during the last quarter. Mariner LLC purchased a new position in shares of Euroseas during the 4th quarter valued at about $306,000. Renaissance Technologies LLC raised its holdings in Euroseas by 17.0% in the 4th quarter. Renaissance Technologies LLC now owns 115,078 shares of the shipping company’s stock worth $4,166,000 after purchasing an additional 16,700 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Euroseas by 389.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 53,840 shares of the shipping company’s stock worth $1,949,000 after purchasing an additional 42,830 shares during the period. Institutional investors own 6.27% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen assumed coverage on Euroseas in a research note on Tuesday, May 20th. They set a “hold” rating for the company.

Euroseas Trading Up 0.8%

Shares of Euroseas stock opened at $41.19 on Tuesday. The firm has a market capitalization of $288.74 million, a price-to-earnings ratio of 2.54 and a beta of 0.78. Euroseas Ltd. has a fifty-two week low of $26.30 and a fifty-two week high of $50.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.59 and a current ratio of 1.65. The stock has a 50 day moving average of $33.93 and a 200 day moving average of $34.04.

About Euroseas

Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables. As of March 31, 2024, it had a fleet of 20 containerships with a cargo carrying capacity of approximately 777,749 dwt.