International Seaways Inc (NYSE:INSW) major shareholder Bluemountain Capital Managemen sold 170,630 shares of International Seaways stock in a transaction that occurred on Wednesday, October 17th. The shares were sold at an average price of $21.32, for a total transaction of $3,637,831.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Bluemountain Capital Managemen also recently made the following trade(s):

  • On Monday, October 15th, Bluemountain Capital Managemen sold 126,005 shares of International Seaways stock. The shares were sold at an average price of $20.67, for a total transaction of $2,604,523.35.
  • On Thursday, October 11th, Bluemountain Capital Managemen sold 129,290 shares of International Seaways stock. The shares were sold at an average price of $21.25, for a total transaction of $2,747,412.50.
  • On Tuesday, October 9th, Bluemountain Capital Managemen sold 210,870 shares of International Seaways stock. The shares were sold at an average price of $21.59, for a total transaction of $4,552,683.30.
  • On Wednesday, October 3rd, Bluemountain Capital Managemen sold 163,155 shares of International Seaways stock. The shares were sold at an average price of $21.98, for a total transaction of $3,586,146.90.
  • On Monday, October 1st, Bluemountain Capital Managemen sold 166,765 shares of International Seaways stock. The shares were sold at an average price of $20.93, for a total transaction of $3,490,391.45.
  • On Tuesday, September 25th, Bluemountain Capital Managemen sold 199,235 shares of International Seaways stock. The stock was sold at an average price of $20.44, for a total transaction of $4,072,363.40.
  • On Friday, August 31st, Bluemountain Capital Managemen sold 81,345 shares of International Seaways stock. The stock was sold at an average price of $20.93, for a total transaction of $1,702,550.85.
  • On Wednesday, August 29th, Bluemountain Capital Managemen sold 89,205 shares of International Seaways stock. The stock was sold at an average price of $21.14, for a total transaction of $1,885,793.70.
  • On Monday, August 27th, Bluemountain Capital Managemen sold 84,915 shares of International Seaways stock. The stock was sold at an average price of $21.07, for a total transaction of $1,789,159.05.
  • On Thursday, August 23rd, Bluemountain Capital Managemen sold 207,015 shares of International Seaways stock. The stock was sold at an average price of $20.87, for a total transaction of $4,320,403.05.

Shares of INSW stock opened at $21.51 on Friday. International Seaways Inc has a 1 year low of $15.23 and a 1 year high of $24.78. The firm has a market cap of $631.43 million, a P/E ratio of -73.83 and a beta of -0.92. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.94 and a current ratio of 1.99.

International Seaways (NYSE:INSW) last announced its earnings results on Wednesday, August 8th. The transportation company reported ($0.71) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.62) by ($0.09). International Seaways had a negative return on equity of 6.07% and a negative net margin of 67.42%. The company had revenue of $56.91 million for the quarter, compared to the consensus estimate of $46.74 million. Analysts predict that International Seaways Inc will post -2.33 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. United Services Automobile Association acquired a new stake in International Seaways during the second quarter worth $225,000. California Public Employees Retirement System acquired a new stake in International Seaways during the first quarter worth $235,000. Leisure Capital Management acquired a new stake in International Seaways during the second quarter worth $240,000. Jane Street Group LLC acquired a new stake in International Seaways during the second quarter worth $427,000. Finally, LMR Partners LLP acquired a new stake in International Seaways during the second quarter worth $452,000. 85.39% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on INSW shares. Jefferies Financial Group started coverage on shares of International Seaways in a research report on Monday, October 1st. They set a “buy” rating and a $30.00 target price on the stock. Stifel Nicolaus started coverage on shares of International Seaways in a research report on Tuesday, September 25th. They set a “buy” rating and a $25.00 target price on the stock. Finally, Zacks Investment Research raised shares of International Seaways from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $28.00.

International Seaways Company Profile

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 June 14, 2018, the company owned and operated a fleet of 55 vessels, including 1 ultra large crude carrier, 14 very large crude carriers, 2 Suezmaxes, 7 Aframaxes, 12 Panamaxes, and 13 medium range tankers.

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Insider Buying and Selling by Quarter for International Seaways (NYSE:INSW)

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