Odyssey Marine Exploration (NASDAQ:OMEX) Earns Sell Rating from Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEXGet Rating) in a report released on Sunday. The brokerage set a “sell” rating on the business services provider’s stock.

Odyssey Marine Exploration Trading Up 1.9 %

OMEX stock opened at $3.30 on Friday. Odyssey Marine Exploration has a twelve month low of $2.29 and a twelve month high of $7.39. The firm’s fifty day simple moving average is $3.25 and its two-hundred day simple moving average is $3.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Two Seas Capital LP grew its holdings in Odyssey Marine Exploration by 11.6% during the 3rd quarter. Two Seas Capital LP now owns 1,371,874 shares of the business services provider’s stock worth $4,253,000 after acquiring an additional 142,295 shares in the last quarter. Stonegate Investment Group LLC bought a new position in Odyssey Marine Exploration during the 2nd quarter worth about $1,574,000. Antonetti Capital Management LLC grew its holdings in Odyssey Marine Exploration by 13.8% during the 3rd quarter. Antonetti Capital Management LLC now owns 276,865 shares of the business services provider’s stock worth $858,000 after acquiring an additional 33,633 shares in the last quarter. Whitefort Capital Management LP bought a new position in Odyssey Marine Exploration during the 1st quarter worth about $1,668,000. Finally, ExodusPoint Capital Management LP grew its holdings in Odyssey Marine Exploration by 25.6% during the 2nd quarter. ExodusPoint Capital Management LP now owns 56,615 shares of the business services provider’s stock worth $193,000 after acquiring an additional 11,547 shares in the last quarter. 36.14% of the stock is currently owned by institutional investors.

Odyssey Marine Exploration Company Profile

(Get Rating)

Odyssey Marine Exploration, Inc, together with its subsidiaries, discovers, validates, and develops seafloor resources worldwide. The company provides specialized mineral exploration, project development, and marine services to clients. It also offers resource assessment, project planning, research, and project management services.

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