Filing Worth Mentioning: Pilgrim Global Icav Just Disclosed New Genco Shipping & Trading Ltd Position

Filing Worth Mentioning: Pilgrim Global Icav Just Disclosed New Genco Shipping & Trading Ltd Position

The New Pilgrim Global Icav Holding in Genco Shipping & Trading Ltd

Pilgrim Global Icav filed with the SEC SC 13G form for Genco Shipping & Trading Ltd. The form can be accessed here: 000095013816001408. As reported in Pilgrim Global Icav’s form, the filler as of late owns 6.8% or 500,000 shares of the -company.

Genco Shipping & Trading Ltd stake is a new one for the and it was filed because of activity on October 6, 2016. We feel this shows Pilgrim Global Icav’s positive view for the stock.

Business Profile

Guangshen Railway Company Limited is engaged in the provision of passenger and freight transportation on railroads. The Company is involved in passenger and freight transportation businesses on the Shenzhen-Guangzhou-Pingshi Railway, which is approximately 481.2 kilometers long, running vertically through Guangdong Province. The Company’s businesses include Passenger Transportation, Freight Transportation, Railway Network Usage and other transportation related services, and Other Businesses. The Company transports full load cargo, single load cargo, containers, bulky and overweight cargo, dangerous cargo, fresh and live cargo, and oversized cargo. The Company’s rail lines operated are closely knitted with the ports in Guangzhou and Shenzhen, and are connected to industrial zones, logistics zones and plants and mines in the Pearl River Delta region through the railroad sidings. It also offers on-board catering services.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

The stock increased 4.93% or $0.21 on October 18, hitting $4.47. Guangshen Railway Co., Ltd. (SHA:601333) has risen 6.00% since September 19, 2016 and is uptrending. It has outperformed by 0.52% the S&P500.

Guangshen Railway Company Limited is engaged in the provision of passenger and freight transportation on railroads. The company has a market cap of $. The Firm is involved in passenger and freight transportation businesses on the Shenzhen-Guangzhou-Pingshi Railway, which is approximately 481.2 kilometers long, running vertically through Guangdong Province. It currently has negative earnings. The Company’s businesses include Passenger Transportation, Freight Transportation, Railway Network Usage and other transportation related services, and Other Businesses.

More recent Guangshen Railway Co., Ltd. (SHA:601333) news were published by: Prnewswire.com which released: “Guangshen Railway Filed 2015 Annual Report on Form 20-F” on July 07, 2016. Also Etfdailynews.com published the news titled: “The Most Lucrative Investment Opportunity In Old Economy Rail Stocks …” on April 07, 2014. Seekingalpha.com‘s news article titled: “Why I Bought Guangshen Railway” with publication date: May 28, 2014 was also an interesting one.

601333 Company Profile

Guangshen Railway Company Limited, incorporated on March 6, 1996, is engaged in the provision of passenger and freight transportation on railroads. The Firm is involved in passenger and freight transportation businesses on the Shenzhen-Guangzhou-Pingshi Railway, which is approximately 481.2 kilometers long, running vertically through Guangdong Province. The Company’s businesses include Passenger Transportation, Freight Transportation, Railway Network Usage and other transportation related services, and Other Businesses. The Firm transports full load cargo, single load cargo, containers, bulky and overweight cargo, dangerous cargo, fresh and live cargo, and oversized cargo. The Company’s rail lines operated are closely knitted with the ports in Guangzhou and Shenzhen, and are connected to industrial zones, logistics zones and plants and mines in the Pearl River Delta region through the railroad sidings.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment