American Asset Management sold its stake in DryShips Inc. (NASDAQ:DRYS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund previously had a 100 share stake in the company, valued at approximately $12. American Asset Management had fully closed out its position in company by the time it had filed its quarterly disclosure.

Separately, Acadian Asset Management increased its position in shares of DryShips by 164.8% in the fourth quarter. Acadian Asset Management now owns 1,737,973 shares of the company’s stock worth $302,000 after buying an additional 1,081,529 shares during the last quarter.

Shares of DryShips Inc. (NASDAQ:DRYS) traded down 1.5909% during mid-day trading on Monday, hitting $0.1299. 2,341,886 shares of the stock were exchanged. The firm’s market cap is $87.30 million. DryShips Inc. has a 12 month low of $0.08 and a 12 month high of $1.09. The stock’s 50 day moving average is $0.13 and its 200 day moving average is $0.25.

DryShips (NASDAQ:DRYS) last posted its earnings results on Monday, December 7th. The company reported ($0.03) EPS for the quarter. The firm earned $48.60 million during the quarter, compared to analysts’ expectations of $48 million. Analysts expect that DryShips Inc. will post $0.07 EPS for the current fiscal year.

Separately, Zacks Investment Research raised shares of DryShips from a “sell” rating to a “hold” rating in a research report on Friday, October 9th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. DryShips presently has a consensus rating of “Hold” and a consensus target price of $0.86.

DryShips Inc. is a holding company. The Company is a provider of ocean transportation services for drybulk and petroleum cargoes through its ownership and operation of drybulk carrier vessels and oil tankers and offshore drilling services through the ownership and operation by its majority-owned subsidiary, Ocean Rig UDW, of deepwater drilling units. It owns a fleet of approximately 39 drybulk carriers, comprising 13 Capesize, 24 Panamax and two Supramax vessels, 10 tankers, comprising four Suezmax and six Aframax vessels and 10 drilling units, comprising two ultra-deepwater semisubmersible offshore drilling rigs, its sixth generation ultra-deepwater drillships and four seventh generation ultra-deepwater drillships. Its drybulk carriers, drilling units and oil tankers operate around the world. The Company’s segments include Drybulk, Tanker and Drilling.

12 Month Chart for NASDAQ:DRYS

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