Overseas Shipholding Group, Inc. (OSG) Stake Lessened by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its stake in shares of Overseas Shipholding Group, Inc. (NYSE:OSG) by 34.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,800 shares of the transportation company’s stock after selling 14,700 shares during the period. Renaissance Technologies LLC’s holdings in Overseas Shipholding Group were worth $107,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in OSG. Teachers Advisors LLC boosted its position in shares of Overseas Shipholding Group by 65.1% during the fourth quarter. Teachers Advisors LLC now owns 93,824 shares of the transportation company’s stock valued at $359,000 after buying an additional 36,998 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of Overseas Shipholding Group by 16.4% during the first quarter. Nationwide Fund Advisors now owns 28,018 shares of the transportation company’s stock valued at $108,000 after buying an additional 3,938 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Overseas Shipholding Group by 3.3% during the first quarter. Russell Investments Group Ltd. now owns 692,290 shares of the transportation company’s stock valued at $2,672,000 after buying an additional 21,900 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Overseas Shipholding Group by 104.7% during the first quarter. Wells Fargo & Company MN now owns 253,144 shares of the transportation company’s stock valued at $977,000 after buying an additional 129,505 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of Overseas Shipholding Group by 101.4% during the first quarter. Great West Life Assurance Co. Can now owns 489,181 shares of the transportation company’s stock valued at $1,889,000 after buying an additional 246,258 shares during the last quarter. 62.13% of the stock is currently owned by institutional investors.

Overseas Shipholding Group, Inc. (OSG) traded up 2.6420% on Friday, reaching $2.4942. The company’s stock had a trading volume of 336,929 shares. Overseas Shipholding Group, Inc. has a 12-month low of $2.35 and a 12-month high of $11.57. The company’s 50 day moving average price is $2.47 and its 200-day moving average price is $3.77. The stock’s market cap is $187.15 million.

Overseas Shipholding Group (NYSE:OSG) last released its quarterly earnings data on Wednesday, August 9th. The transportation company reported $0.04 EPS for the quarter. The company had revenue of $96.23 million during the quarter. Overseas Shipholding Group had a negative net margin of 71.11% and a positive return on equity of 10.95%. On average, equities analysts expect that Overseas Shipholding Group, Inc. will post $0.87 EPS for the current year.

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In other news, insider Samuel H. Norton purchased 32,800 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was acquired at an average price of $2.02 per share, for a total transaction of $66,256.00. Following the acquisition, the insider now directly owns 125,531 shares of the company’s stock, valued at $253,572.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Paulson & Co. Inc. sold 116,881 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $2.25, for a total transaction of $262,982.25. The disclosure for this sale can be found here. In the last quarter, insiders acquired 55,600 shares of company stock valued at $111,912.

Separately, ValuEngine cut Overseas Shipholding Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 7th.

Overseas Shipholding Group Profile

Overseas Shipholding Group, Inc (OSG) is a tanker company engaged primarily in the ocean transportation of crude oil and petroleum products. The Company’s vessel operations are organized into strategic business units and focused on market segments: crude oil, refined petroleum products and the United States Flag.

Institutional Ownership by Quarter for Overseas Shipholding Group (NYSE:OSG)

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