Stocks to Must have in Portfolio: Citigroup Inc. (NYSE:C), Seanergy Maritime Holdings (NASDAQ:SHIP)

Shares of Citigroup Inc. (NYSE:C) [Trend Analysis] swings enthusiastically in regular trading session, it a decrease of -2.18% to close at $56.02. Citigroup Inc. (C) released that commencement of offers to purchase for cash (i) any and all of its notes of the series set forth in the first table below, under the heading “Any and All Notes,” and (ii) certain of its notes of the series set forth in the second table below, under the heading “Maximum Tender Notes,” up to an aggregate principal amount with respect to each series of Maximum Tender Notes.

The offer to purchase each series of Notes is referred to as an “Offer” and all such offers are referred to collectively as the “Offers.” We refer to our offer to purchase each series of Any and All Notes as an “Any and All Offer” and the offer to purchase each series of Maximum Tender Notes as a “Maximum Tender Offer”. The Notes had an aggregate principal amount outstanding of about U.S. $3.60 billion as of December 1, 2016.

These Offers, presently totaling up to about U.S. $680 million aggregate principal amount of the Notes, are consistent with Citigroup’s liability management strategy, and reflect its ongoing efforts to enhance the efficiency of its funding and capital structure. Since 2014, Citigroup redeemed or stepped down U.S. $33.4 billion of securities, reducing Citigroup’s overall funding costs. Citigroup will continue to consider opportunities to redeem or repurchase securities, based on several factors, comprising without limitation, the economic value, potential impact on Citigroup’s net interest margin and borrowing costs, the overall remaining tenor of Citigroup’s debt portfolio, capital impact, as well as overall market conditions. Moving forward to saw long-term intention, the experts calculate Return on Investment of 8.30%. The stock is going forward its fifty-two week low with 63.58% and lagging behind from its 52-week high price with -2.69%. C last month stock price volatility remained 2.24%.

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) [Trend Analysis] retains strong position in active trade, as shares scoring 4.35% to $2.40 in a active trade session, while looking at the shares volume, about 542462 shares have changed hands in this session. Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) reported that its financial results for the third quarter and nine months ended September 30, 2016.

Stamatis Tsantanis, the Firm’s Chairman & Chief Executive Officer, stated that during third quarter of 2016, their efforts were focused on strengthening their financial position in order to expand their fleet through vessel acquisitions. “The first half of 2016 was the weakest on record for dry bulk daily rates but we have started to see steady gains in rates since the first half of this year. For instance, Capesize rates for the first half of 2016 averaged about $3,500 per day vs. current Capesize daily rates of about $14,500. We expect volatility in the current rate environment to continue but believe the worst is behind us. As such, we view this year’s weakness in the dry bulk market as an prospects to takeover quality vessels at favorable prices.” The firm has institutional ownership of 5.80%, while insider ownership included 59.60%. SHIP attains analyst recommendation of 1.00 with week’s performance of -2.04%.

 

About Devon Leftovich

Devon Leftovich is an entrepreneur. He has been writing and editing professionally for over six years. He is admin editor and senior content writer of SWR. However, he has determined to give investors something rare, a dignified partner who can manage money with integrity and a clear conscience about the degree of due diligence behind investment decisions. He said, "I love the financial world because it is like one big puzzle and I hope we the SWR help each other out to solve the puzzle to help us realize our dreams." Interests: Analysis of different Companies; including news and analyst rating updates. He performs analysis of Companies and publicizes important information for investor/traders community. Stocks long-term and short-term holding views, Tech Stocks

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