California Public Employees Retirement System Maintains Stake in Stratabound Minerals Corp. (SB)

California Public Employees Retirement System held its position in Stratabound Minerals Corp. (NYSE:SB) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 458,300 shares of the company’s stock at the end of the 2nd quarter. California Public Employees Retirement System owned approximately 0.45% of Stratabound Minerals Corp. worth $1,050,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. New York State Common Retirement Fund purchased a new stake in Stratabound Minerals Corp. during the second quarter worth $117,000. Rhumbline Advisers purchased a new stake in Stratabound Minerals Corp. during the second quarter worth $117,000. Engineers Gate Manager LP purchased a new stake in Stratabound Minerals Corp. during the second quarter worth $131,000. Credit Suisse AG purchased a new stake in Stratabound Minerals Corp. during the first quarter worth $140,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in Stratabound Minerals Corp. during the second quarter worth $190,000.

SB has been the topic of a number of research analyst reports. Citigroup Inc. boosted their target price on Stratabound Minerals Corp. from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Thursday, November 2nd. Jefferies Group LLC reiterated a “hold” rating on shares of Stratabound Minerals Corp. in a research report on Friday, November 3rd. Zacks Investment Research upgraded Stratabound Minerals Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Maxim Group set a $5.00 target price on Stratabound Minerals Corp. and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Finally, Stifel Nicolaus set a $2.00 target price on Stratabound Minerals Corp. and gave the stock a “hold” rating in a research report on Saturday, October 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of C$3.00.

Shares of Stratabound Minerals Corp. (SB) opened at C$3.44 on Friday. Stratabound Minerals Corp. has a 12-month low of C$1.09 and a 12-month high of C$3.79.

Stratabound Minerals Corp. (NYSE:SB) last issued its quarterly earnings data on Tuesday, October 31st. The company reported C($0.05) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of C($0.05). Stratabound Minerals Corp. had a negative return on equity of 4.81% and a negative net margin of 4.56%. The business had revenue of C$38.80 million for the quarter, compared to the consensus estimate of C$37.12 million. During the same period in the prior year, the business earned ($0.15) earnings per share. The business’s revenue was up 37.6% on a year-over-year basis.

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Stratabound Minerals Corp. Profile

Safe Bulkers, Inc is a holding company. The Company’s principal business is the acquisition, ownership and operation of drybulk vessels. The Company’s vessels operate across the world, carrying drybulk cargo for the consumers of marine drybulk transportation services. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along shipping routes across the world.

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Institutional Ownership by Quarter for Stratabound Minerals Corp. (NYSE:SB)

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