Hosking Partners LLP Purchases 10,223 Shares of International Seaways (INSW)

Hosking Partners LLP raised its position in International Seaways (NYSE:INSW) by 4.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 249,602 shares of the transportation company’s stock after buying an additional 10,223 shares during the period. Hosking Partners LLP owned about 0.86% of International Seaways worth $4,393,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in INSW. Wells Fargo & Company MN boosted its position in International Seaways by 44.2% in the 3rd quarter. Wells Fargo & Company MN now owns 32,463 shares of the transportation company’s stock valued at $639,000 after buying an additional 9,945 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in International Seaways by 59.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 561,379 shares of the transportation company’s stock valued at $11,059,000 after buying an additional 208,301 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in International Seaways by 20.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 140,967 shares of the transportation company’s stock valued at $2,603,000 after buying an additional 23,685 shares during the last quarter. BlackRock Inc. boosted its position in International Seaways by 2.4% in the 4th quarter. BlackRock Inc. now owns 1,698,572 shares of the transportation company’s stock valued at $31,356,000 after buying an additional 39,363 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in International Seaways by 34.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 155,512 shares of the transportation company’s stock valued at $2,871,000 after buying an additional 40,014 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

In other International Seaways news, major shareholder Paulson & Co. Inc. acquired 357,479 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were acquired at an average price of $18.34 per share, with a total value of $6,556,164.86. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.

Several research analysts have recently issued reports on the company. Zacks Investment Research upgraded International Seaways from a “sell” rating to a “hold” rating in a research report on Thursday, March 22nd. JPMorgan Chase & Co. raised their price target on International Seaways from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, March 23rd. Finally, ValuEngine lowered International Seaways from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd.

International Seaways opened at $18.88 on Friday, Marketbeat Ratings reports. International Seaways has a 12-month low of $15.23 and a 12-month high of $23.43. The company has a current ratio of 2.66, a quick ratio of 2.57 and a debt-to-equity ratio of 0.47.

International Seaways (NYSE:INSW) last posted its quarterly earnings results on Friday, May 4th. The transportation company reported ($0.78) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.63) by ($0.15). International Seaways had a negative return on equity of 3.73% and a negative net margin of 60.58%. The company had revenue of $51.98 million during the quarter, compared to the consensus estimate of $52.35 million. analysts anticipate that International Seaways will post -2.25 earnings per share for the current year.

About International Seaways

International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trades. It operates through two segments, Crude Tankers and Product Carriers. As of March 8, 2018, the company owned or operated a fleet of 53 vessels, including 1 ultra large crude carrier, 9 very large crude carriers, 2 Suezmaxes, 8 Aframaxes, 12 Panamaxes, and 15 medium range tankers.

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

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