Odyssey Marine Exploration (NASDAQ:OMEX) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEXGet Rating) in a report released on Monday. The firm set a “sell” rating on the business services provider’s stock.

Odyssey Marine Exploration Stock Performance

Shares of Odyssey Marine Exploration stock opened at $3.17 on Monday. The firm has a fifty day simple moving average of $3.27 and a 200-day simple moving average of $3.10. Odyssey Marine Exploration has a 1-year low of $2.29 and a 1-year high of $7.39.

Institutional Trading of Odyssey Marine Exploration

Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new position in Odyssey Marine Exploration during the third quarter worth $35,000. Northern Trust Corp increased its position in Odyssey Marine Exploration by 23.8% during the second quarter. Northern Trust Corp now owns 24,526 shares of the business services provider’s stock worth $84,000 after acquiring an additional 4,714 shares during the period. State Street Corp increased its position in Odyssey Marine Exploration by 12.1% during the first quarter. State Street Corp now owns 40,483 shares of the business services provider’s stock worth $270,000 after acquiring an additional 4,371 shares during the period. Transcend Capital Advisors LLC increased its position in Odyssey Marine Exploration by 58.8% during the third quarter. Transcend Capital Advisors LLC now owns 51,300 shares of the business services provider’s stock worth $159,000 after acquiring an additional 19,000 shares during the period. Finally, ExodusPoint Capital Management LP increased its position in Odyssey Marine Exploration by 25.6% during the second 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 during the period. 36.14% of the stock is currently owned by institutional investors and hedge funds.

Odyssey Marine Exploration Company Profile

(Get Rating)

Odyssey Marine Exploration, Inc is a deep-ocean exploration pioneer that provides access to critical mineral resources. The company uses innovative methods and cutting-edge technology to discover, validate and develop subsea mineral deposits in an environmentally and socially responsible manner. Its growing project portfolio includes different mineral sets in various jurisdictions around the world.

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