International Seaways Inc. (INSW) Holdings Cut by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its holdings in International Seaways Inc. (NYSE:INSW) by 72.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,518 shares of the transportation company’s stock after selling 58,108 shares during the quarter. Wells Fargo & Company MN owned 0.08% of International Seaways worth $487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Schwab Charles Investment Management Inc. grew its stake in shares of International Seaways by 85.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 54,098 shares of the transportation company’s stock worth $1,173,000 after acquiring an additional 25,000 shares during the period. Swiss National Bank bought a new position in shares of International Seaways during the 2nd quarter worth $527,000. Bank of New York Mellon Corp grew its stake in shares of International Seaways by 74.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 132,538 shares of the transportation company’s stock worth $2,871,000 after acquiring an additional 56,562 shares during the period. Marshall Wace North America L.P. bought a new position in shares of International Seaways during the 2nd quarter worth $1,853,000. Finally, Schroder Investment Management Group grew its stake in shares of International Seaways by 15.3% during the 2nd quarter. Schroder Investment Management Group now owns 357,816 shares of the transportation company’s stock worth $7,736,000 after acquiring an additional 47,580 shares during the period. Hedge funds and other institutional investors own 88.73% of the company’s stock.

International Seaways Inc. (NYSE:INSW) opened at $18.98 on Monday. International Seaways Inc. has a 12 month low of $10.36 and a 12 month high of $23.43. The company has a quick ratio of 3.74, a current ratio of 3.78 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $552.13 and a PE ratio of 34.51.

Separately, Zacks Investment Research upgraded International Seaways from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th.

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About International Seaways

International Seaways, Inc and its subsidiaries own and operate a fleet of oceangoing vessels. The Company’s oceangoing vessels engage in the transportation of crude oil and petroleum products in the International Flag trades. The Company’s segments are International Crude Tankers and International Product Carriers.

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Institutional Ownership by Quarter for International Seaways (NYSE:INSW)

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