Oceanic Investment Management LTD Has Increased Its Gaslog LTD (GLOG) Stake by $5.48 Million

May 17, 2018 - By Maria Brooks

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Oceanic Investment Management Ltd increased its stake in Gaslog Ltd (GLOG) by 166.4% based on its latest 2017Q4 regulatory filing with the SEC. Oceanic Investment Management Ltd bought 249,271 shares as the company’s stock declined 24.18% with the market. The hedge fund held 399,070 shares of the marine transportation company at the end of 2017Q4, valued at $8.88 million, up from 149,799 at the end of the previous reported quarter. Oceanic Investment Management Ltd who had been investing in Gaslog Ltd for a number of months, seems to be bullish on the $1.88 billion market cap company. It closed at $18.4 lastly. It is down 9.49% since May 17, 2017 and is uptrending. It has underperformed by 2.06% the S&P500.

Oceanic Investment Management Ltd, which manages about $1.53B and $106.98M US Long portfolio, decreased its stake in Gener8 Maritime Inc by 741,216 shares to 924,860 shares, valued at $6.12 million in 2017Q4, according to the filing.

More news for GasLog Ltd. (NYSE:GLOG) were recently published by: Globenewswire.com, which released: “Gaslog Ltd. Announces Date for First Quarter 2018 Results, Conference Call and Webcast” on April 20, 2018. Seekingalpha.com‘s article titled: “GasLog’s (GLOG) CEO Paul Wogan on Q1 2018 Results – Earnings Call Transcript” and published on May 04, 2018 is yet another important article.

GasLog Ltd. (NYSE:GLOG) Ratings Coverage

Among 6 analysts covering Gaslog Ltd (NYSE:GLOG), 2 have Buy rating, 2 Sell and 2 Hold. Therefore 33% are positive. Gaslog Ltd has $25.0 highest and $1900 lowest target. $20.40’s average target is 10.87% above currents $18.4 stock price. Gaslog Ltd had 9 analyst reports since December 18, 2017 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Monday, December 18. The firm has “Buy” rating given on Tuesday, February 20 by Stifel Nicolaus. On Monday, February 12 the stock rating was downgraded by Morgan Stanley to “Hold”. Stifel Nicolaus downgraded GasLog Ltd. (NYSE:GLOG) rating on Monday, April 23. Stifel Nicolaus has “Hold” rating and $1900 target. JP Morgan downgraded the stock to “Underweight” rating in Friday, March 23 report. The stock of GasLog Ltd. (NYSE:GLOG) earned “Buy” rating by Jefferies on Friday, January 26. The stock of GasLog Ltd. (NYSE:GLOG) earned “Buy” rating by Stifel Nicolaus on Friday, February 16. The stock of GasLog Ltd. (NYSE:GLOG) earned “Buy” rating by Cowen & Co on Wednesday, January 3. J.P. Morgan downgraded the stock to “Sell” rating in Friday, March 23 report.

GasLog Ltd. (NYSE:GLOG) Ratings Chart

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