International Seaways Inc. (INSW) Stake Held by Strs Ohio

Strs Ohio held its stake in International Seaways Inc. (NYSE:INSW) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,900 shares of the transportation company’s stock at the end of the 2nd quarter. Strs Ohio’s holdings in International Seaways were worth $106,000 at the end of the most recent quarter.

Separately, Russell Investments Group Ltd. raised its position in shares of International Seaways by 25.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 436,665 shares of the transportation company’s stock valued at $9,463,000 after buying an additional 88,302 shares in the last quarter. Institutional investors and hedge funds own 86.29% of the company’s stock.

Several equities analysts recently commented on INSW shares. Zacks Investment Research downgraded shares of International Seaways from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. J P Morgan Chase & Co initiated coverage on shares of International Seaways in a research note on Tuesday, June 13th. They set an “overweight” rating and a $30.00 price objective on the stock.

International Seaways Inc. (NYSE INSW) traded up 4.30% during mid-day trading on Wednesday, reaching $19.64. 272,359 shares of the company traded hands. International Seaways Inc. has a 52 week low of $9.00 and a 52 week high of $20.32. The stock’s 50 day moving average price is $18.39 and its 200 day moving average price is $18.39. The firm’s market capitalization is $574.43 million.

International Seaways (NYSE:INSW) last posted its earnings results on Wednesday, August 9th. The transportation company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.55). International Seaways had a negative net margin of 31.22% and a positive return on equity of 0.91%. The company had revenue of $71.90 million during the quarter, compared to the consensus estimate of $73.00 million. The company’s revenue for the quarter was down 30.3% compared to the same quarter last year. Equities analysts forecast that International Seaways Inc. will post $0.95 EPS for the current year.

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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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