Northern Trust Corp Buys 140,882 Shares of International Seaways Inc. (INSW)

Northern Trust Corp raised its stake in shares of International Seaways Inc. (NYSE:INSW) by 75.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 326,540 shares of the transportation company’s stock after buying an additional 140,882 shares during the quarter. Northern Trust Corp owned about 1.12% of International Seaways worth $7,077,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Legal & General Group Plc raised its stake in International Seaways by 61.7% during the second quarter. Legal & General Group Plc now owns 6,350 shares of the transportation company’s stock valued at $138,000 after buying an additional 2,424 shares during the last quarter. Leisure Capital Management purchased a new position in International Seaways during the second quarter valued at $208,000. AJO LP purchased a new position in International Seaways during the second quarter valued at $414,000. Swiss National Bank purchased a new position in International Seaways during the second quarter valued at $527,000. Finally, New York State Common Retirement Fund raised its stake in International Seaways by 168.5% during the second quarter. New York State Common Retirement Fund now owns 31,546 shares of the transportation company’s stock valued at $684,000 after buying an additional 19,799 shares during the last quarter. Institutional investors and hedge funds own 88.73% of the company’s stock.

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Shares of International Seaways Inc. (INSW) opened at $18.98 on Monday. The company has a market capitalization of $552.13 and a price-to-earnings ratio of 34.51. International Seaways Inc. has a fifty-two week low of $10.36 and a fifty-two week 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.

Separately, Zacks Investment Research lowered International Seaways from a “hold” rating to a “strong sell” rating in a report on Friday, October 20th.

International Seaways Profile

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.

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

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