Ardmore Shipping Corporation (ASC) Recent Ownership Changes

Ardmore Shipping Corporation (NYSE:ASC) has made a 26.67% comeback from a 12-month low price of $6.36. It was seen -8.52% lower, changing the price to $8.05, when the closing bell rang on 11/28/2017. At recent session, the prices were hovering between $8 and $8.4. This company shares are 27.83% off its target price of $10.29 and the current market capitalization stands at $270.29M. The recent change has given its price a -5.01% deficit over SMA 50 and -11.05% deficit over its 52-week high. The stock witnessed -6.94% declines, 0% declines and 11.81% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ASC’s volatility during a week at 4.48% and during a month it has been found around 4.2%.

Ardmore Shipping Corporation (ASC) Top Holders

Institutional investors currently hold around $228 million or 95.3% in ASC stock. Look at its top three institutional owners. Donald Smith & Co., Inc. owns $28.12 million in Ardmore Shipping Corporation, which represents roughly 10.4% of the company’s market cap and approximately 12.33% of the institutional ownership. Similar statistics are true for the second largest owner, Fmr Llc, which owns 2,572,971 shares of the stock are valued at $22.64 million. The third largest holder is Royce & Associates Lp, which currently holds $17.12 million worth of this stock and that ownership represents nearly 6.33% of its market capitalization.

Ardmore Shipping Corporation 13F Filings

At the end of 09/30/2017 reporting period, 40 institutional holders increased their position in Ardmore Shipping Corporation (NYSE:ASC) by some 2,547,563 shares, 37 decreased positions by 2,308,751 and 16 held positions by 21,089,095. That puts total institutional holdings at 25,945,409 shares, according to SEC filings. The stock grabbed 8 new institutional investments totaling 892,673 shares while 10 institutional investors sold out their entire positions totaling 584,615 shares.

Ardmore Shipping Corporation (ASC) Analyst Guide

Several analysts have released their opinion on Ardmore Shipping Corporation (NYSE:ASC), with 7 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.25 average brokerage recommendation.

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