Himalaya Shipping (NYSE:HSHP) Upgraded by Wall Street Zen to “Buy” Rating

Himalaya Shipping (NYSE:HSHP) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Himalaya Shipping in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Himalaya Shipping Stock Down 2.6%

Shares of Himalaya Shipping stock opened at $12.50 on Friday. Himalaya Shipping has a 1-year low of $4.29 and a 1-year high of $14.95. The company has a debt-to-equity ratio of 4.12, a quick ratio of 1.01 and a current ratio of 1.08. The business has a 50-day moving average of $11.44 and a 200-day moving average of $9.46.

Himalaya Shipping (NYSE:HSHP) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $43.70 million during the quarter, compared to analyst estimates of $41.80 million. Himalaya Shipping had a return on equity of 11.02% and a net margin of 13.44%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HSHP. Hosking Partners LLP grew its stake in Himalaya Shipping by 27.5% during the 3rd quarter. Hosking Partners LLP now owns 1,917,876 shares of the company’s stock worth $15,784,000 after buying an additional 414,216 shares during the last quarter. State Street Corp lifted its stake in Himalaya Shipping by 1.4% in the fourth quarter. State Street Corp now owns 403,954 shares of the company’s stock valued at $3,676,000 after buying an additional 5,719 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Himalaya Shipping by 3.4% during the second quarter. Geode Capital Management LLC now owns 356,350 shares of the company’s stock valued at $2,056,000 after acquiring an additional 11,828 shares during the period. Barclays PLC boosted its holdings in shares of Himalaya Shipping by 162.3% during the fourth quarter. Barclays PLC now owns 260,780 shares of the company’s stock valued at $2,373,000 after acquiring an additional 161,378 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Himalaya Shipping by 322.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 259,959 shares of the company’s stock worth $2,366,000 after acquiring an additional 198,362 shares during the last quarter. Institutional investors and hedge funds own 22.33% of the company’s stock.

Himalaya Shipping Company Profile

Himalaya Shipping Ltd. provides dry bulk shipping services worldwide. The company operates a fleet of vessels. It serves major commodity trading, commodity and energy transition, and multi-modal transport companies. Himalaya Shipping Ltd. was incorporated in 2021 and is based in Hamilton, Bermuda.