StockNews.com’s equity analysts disclosed that they had begun following Danaos as a coverage company in a note distributed to investors.
A recommendation to “buy” was made by the brokerage firm about the shipping company’s stock.
On Thursday, the opening price of a share on the NYSE DAC was $54.43 per share.
Both the price-to-earnings ratio of the stock, which is 2.00, and the beta value of the stock, which is 1.58, are very high.
The market price of one share of the company’s stock is currently equivalent to $1.11 billion.
In this scenario, the debt-to-equity ratio comes in at 0.17, the current ratio at 1.63, the quick ratio at 1.56, and the current ratio at 1.63. Over the previous twelve months, the price of Danaos ranged from a low of $51.10 to a high of $107.47.
The moving average for the company over the past 200 days is $57.99, while the moving average over the last 50 days is $57.75.
Jefferies Financial Group reaffirmed their “buy” rating on shares of Danaos and set a price objective of $80.00 for the company in a separate research report published on Wednesday, February 15th.
Several institutional investors have been involved in recent transactions involving the buying and selling of DAC shares.
DAC carried out these transactions.
The State of Wyoming increased its ownership stake in Danaos by 141.5% over the final three months of 2018.
The state of Wyoming now has a total of 5,205 shares of the shipping company’s stock after purchasing an additional 3,050 shares during the most recent quarter.
This gives the state’s holdings a total value of $274,000, equivalent to the total number of shares owned.
During the last three months of 2018, the value of Lazard Asset Management LLC’s investment in Danaos increased by 128.2%.
After purchasing an additional 53,186 shares over the preceding three months, Lazard Asset Management LLC now has 94,666 shares of the shipping company’s stock, currently valued at $4,985,000.
These 94,666 shares have a total market value of $4,985,000. Schonfeld Strategic Advisors LLC spent approximately 953,000 dollars over the final three months of 2018 to purchase a new stake in Danaos.
The value of Millennium Management LLC’s assets in Danaos increased by 136.2% during the fourth quarter as compared to the previous quarter.
Millennium Management LLC now owns 469,399 shares of the shipping company’s stock, which has a value of $24,719,000 after purchasing an additional 270,676 shares of the company’s stock over the past three months.
Millennium Management LLC purchased these new shares.
And finally, during the final three months of the year, Morgan Stanley made a 62.2% increase in the amount of Danaos stock it owned, bringing its total percentage of ownership to 100%. Following the purchase of 44,739 shares during the most recent quarter, Morgan Stanley now owns a total of 116,619 shares of the shipping company’s stock, valued at $6,141,000.
These shares were acquired as part of the most recent quarter. Hedge funds and other types of institutional investors own 19.41% of the total value of the stock.
The Danaos Corporation can offer its customers services in marine and seaborne transportation.
The operation of containership ships in the shipping industry is one of how they provide services to that industry.
Dimitris Coustas founded the company in 1972, and its current headquarters can be found in the city of Piraeus in the Greek island nation of Greece.