Overseas Shipholding Group (OSG) Position Lifted by Two Sigma Advisers LP
Two Sigma Advisers LP boosted its holdings in Overseas Shipholding Group (NYSE:OSG) by 29.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 275,954 shares of the transportation company’s stock after acquiring an additional 62,838 shares during the period. Two Sigma Advisers LP’s holdings in Overseas Shipholding Group were worth $756,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in OSG. State Street Corp lifted its holdings in Overseas Shipholding Group by 4.6% in the second quarter. State Street Corp now owns 779,300 shares of the transportation company’s stock valued at $2,073,000 after acquiring an additional 34,225 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Overseas Shipholding Group by 3.2% in the second quarter. California State Teachers Retirement System now owns 80,219 shares of the transportation company’s stock valued at $213,000 after acquiring an additional 2,500 shares during the last quarter. Nationwide Fund Advisors lifted its stake in Overseas Shipholding Group by 323.0% during the third quarter. Nationwide Fund Advisors now owns 135,005 shares of the transportation company’s stock worth $355,000 after purchasing an additional 103,087 shares in the last quarter. Macquarie Group Ltd. acquired a new position in Overseas Shipholding Group during the third quarter worth $246,000. Finally, JPMorgan Chase & Co. acquired a new position in Overseas Shipholding Group during the third quarter worth $305,000. Hedge funds and other institutional investors own 66.03% of the company’s stock.
NYSE:OSG opened at $3.59 on Tuesday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 3.10 and a current ratio of 3.32. Overseas Shipholding Group has a 52 week low of $1.67 and a 52 week high of $3.90. The firm has a market cap of $260.40, a price-to-earnings ratio of 5.42 and a beta of 0.02.
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Overseas Shipholding Group Profile
Overseas Shipholding Group, Inc owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products in the United States. At December 31, 2017, the company owned or operated a fleet of 23 vessels totaling an aggregate of approximately 1 million deadweight tons.
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