Cubist Systematic Strategies LLC Purchases Shares of 16,511 International Seaways Inc (INSW)

Cubist Systematic Strategies LLC acquired a new stake in International Seaways Inc (NYSE:INSW) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,511 shares of the transportation company’s stock, valued at approximately $325,000. Cubist Systematic Strategies LLC owned approximately 0.06% of International Seaways at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of INSW. Mackenzie Financial Corp boosted its stake in shares of International Seaways by 63.7% in the third quarter. Mackenzie Financial Corp now owns 102,320 shares of the transportation company’s stock worth $2,016,000 after acquiring an additional 39,820 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of International Seaways by 59.0% in the third quarter. Dimensional Fund Advisors LP now owns 561,379 shares of the transportation company’s stock worth $11,059,000 after acquiring an additional 208,301 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of International Seaways by 116.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 117,282 shares of the transportation company’s stock worth $2,311,000 after acquiring an additional 63,184 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of International Seaways by 44.2% in the third quarter. Wells Fargo & Company MN now owns 32,463 shares of the transportation company’s stock worth $639,000 after acquiring an additional 9,945 shares during the last quarter. Finally, Donald Smith & CO. Inc. boosted its stake in shares of International Seaways by 52.5% in the third quarter. Donald Smith & CO. Inc. now owns 847,222 shares of the transportation company’s stock worth $16,690,000 after acquiring an additional 291,656 shares during the last quarter. Institutional investors and hedge funds own 86.33% of the company’s stock.

A number of brokerages have recently issued reports on INSW. Zacks Investment Research raised International Seaways from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Pareto Securities started coverage on International Seaways in a research note on Tuesday. They set a “buy” rating on the stock.

International Seaways Inc (NYSE:INSW) opened at $18.42 on Friday. The firm has a market capitalization of $550.67 and a price-to-earnings ratio of -7.34. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.74 and a current ratio of 3.78. International Seaways Inc has a 12 month low of $16.37 and a 12 month high of $23.43.

International Seaways (NYSE:INSW) last released its quarterly earnings data on Thursday, November 9th. The transportation company reported ($0.46) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.33) by ($0.13). International Seaways had a positive return on equity of 1.36% and a negative net margin of 23.86%. equities analysts forecast that International Seaways Inc will post -0.05 EPS for the current fiscal year.

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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.

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

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