Danaos Corp (DAC)

• Market cap: $1.58B
• 1 day: -1.64%
• 5 days: 3.20%
• 1 month: -0.59%
• 3 months: -6.58%
• 6 months: -11.84%
• Year to date: -1.64%
• 1 year: 6.84%
• 5 years: 787.27%
• 10 years: 10.10%

About: Danaos Corp is an international owner of containerships. It provides international seaborne transportation services by operating vessels in the containership sector of the shipping industry. The company's customers include, HMM, MSC, Yang Ming, Hapag Lloyd, ZIM, Maersk, COSCO, OOCL, ONE, PIL, Sealead, Niledutch, Samudera, OSC, and Arkas. Geographically, the company operates in Australia-Asia, Europe, and America, with maximum revenue from the Australia-Asia region. It has two reporting segments Container vessels and Drybulk vessels segment. It generates the majority of its revenue from Container vessels.

Employees: 1,718

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

103% more call options, than puts

Call options by funds: $64.2M | Put options by funds: $31.7M

2% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 43

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

4.82% less ownership

Funds ownership: 24.26% [Q2] → 19.44% (-4.82%) [Q3]

5% less funds holding

Funds holding: 130 [Q2] → 123 (-7) [Q3]

22% less capital invested

Capital invested by funds: $419M [Q2] → $326M (-$93M) [Q3]

29% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 24

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $105 29% upside
• Avg. target: $105 29% upside
• High target: $105 29% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Jefferies Omar Nokta 18% 1-year accuracy 10 / 57 met price target

29% upside $105

Buy Maintained

12 Nov 2024