Systematic Financial Management LP decreased its position in shares of Overseas Shipholding Group, Inc. (NYSE:OSG) by 6.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 424,020 shares of the transportation company’s stock after selling 28,850 shares during the quarter. Systematic Financial Management LP owned approximately 0.57% of Overseas Shipholding Group worth $1,115,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Alliancebernstein L.P. lifted its stake in shares of Overseas Shipholding Group by 0.4% during the 1st quarter. Alliancebernstein L.P. now owns 26,400 shares of the transportation company’s stock worth $102,000 after purchasing an additional 100 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Overseas Shipholding Group by 8.9% during the 2nd quarter. Royal Bank of Canada now owns 46,603 shares of the transportation company’s stock worth $124,000 after purchasing an additional 3,811 shares during the last quarter. Prudential Financial Inc. purchased a new stake in shares of Overseas Shipholding Group during the 2nd quarter worth $130,000. Cubist Systematic Strategies LLC lifted its stake in shares of Overseas Shipholding Group by 156.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 49,070 shares of the transportation company’s stock worth $131,000 after purchasing an additional 29,940 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Overseas Shipholding Group by 20.9% during the 2nd quarter. Rhumbline Advisers now owns 49,880 shares of the transportation company’s stock worth $133,000 after purchasing an additional 8,611 shares during the last quarter. 61.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of Overseas Shipholding Group, Inc. (NYSE OSG) traded up $0.05 during midday trading on Friday, hitting $2.97. The company had a trading volume of 755,562 shares, compared to its average volume of 389,702. The company has a quick ratio of 2.26, a current ratio of 2.38 and a debt-to-equity ratio of 1.62. The stock has a market cap of $219.13, a PE ratio of 3.79 and a beta of 2.35. Overseas Shipholding Group, Inc. has a 1 year low of $1.96 and a 1 year high of $5.66.

Overseas Shipholding Group (NYSE:OSG) last issued its quarterly earnings data on Thursday, November 9th. The transportation company reported ($0.07) earnings per share for the quarter. The company had revenue of $93.27 million for the quarter. Overseas Shipholding Group had a positive return on equity of 26.01% and a negative net margin of 66.23%. During the same period in the prior year, the business earned ($0.59) EPS.

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

In related news, major shareholder Paulson & Co. Inc. sold 16,006 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $2.66, for a total transaction of $42,575.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.77% of the company’s stock.

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Overseas Shipholding Group Company 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.

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

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