Russell Investments Group Ltd. cut its stake in shares of International Seaways Inc. (NYSE:INSW) by 11.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 387,649 shares of the transportation company’s stock after selling 49,016 shares during the quarter. Russell Investments Group Ltd. owned approximately 1.33% of International Seaways worth $7,636,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of International Seaways by 129.1% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 99,793 shares of the transportation company’s stock valued at $1,966,000 after purchasing an additional 56,242 shares during the last quarter. American Century Companies Inc. bought a new position in International Seaways in the 3rd quarter worth approximately $2,623,000. Frontier Capital Management Co. LLC bought a new position in International Seaways in the 3rd quarter worth approximately $16,062,000. California State Teachers Retirement System grew its holdings in International Seaways by 64.9% in the 2nd quarter. California State Teachers Retirement System now owns 52,103 shares of the transportation company’s stock worth $1,129,000 after buying an additional 20,500 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in International Seaways by 93.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,930 shares of the transportation company’s stock worth $497,000 after buying an additional 11,054 shares in the last quarter. 86.33% of the stock is owned by institutional investors.
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 Inc. (NYSE INSW) opened at $16.70 on Friday. International Seaways Inc. has a fifty-two week low of $12.59 and a fifty-two week high of $23.43. The stock has a market capitalization of $485.22 and a P/E ratio of 30.33. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.78 and a quick ratio of 3.74.
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International Seaways Company 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.
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