ClariVest Asset Management LLC reduced its position in shares of Overseas Shipholding Group Inc. (NYSE:OSG) by 37.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,041 shares of the transportation company’s stock after selling 135,100 shares during the period. ClariVest Asset Management LLC’s holdings in Overseas Shipholding Group were worth $715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Systematic Financial Management LP lifted its position in Overseas Shipholding Group by 12.1% in the third quarter. Systematic Financial Management LP now owns 337,080 shares of the transportation company’s stock worth $1,062,000 after purchasing an additional 36,300 shares during the period. Acadian Asset Management LLC lifted its position in Overseas Shipholding Group by 37.8% in the third quarter. Acadian Asset Management LLC now owns 513,123 shares of the transportation company’s stock worth $1,616,000 after purchasing an additional 140,757 shares during the period. First Trust Advisors LP bought a new position in Overseas Shipholding Group in the third quarter worth $307,000. Northern Trust Corp lifted its position in Overseas Shipholding Group by 31.1% in the second quarter. Northern Trust Corp now owns 579,220 shares of the transportation company’s stock worth $2,247,000 after purchasing an additional 137,530 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Overseas Shipholding Group by 10.9% in the second quarter. Bank of New York Mellon Corp now owns 690,384 shares of the transportation company’s stock worth $2,679,000 after purchasing an additional 67,726 shares during the period. 58.81% of the stock is currently owned by institutional investors and hedge funds.

Shares of OSG stock opened at $2.18 on Thursday. The firm has a market capitalization of $198.78 million, a P/E ratio of 2.90 and a beta of -0.17. Overseas Shipholding Group Inc. has a one year low of $1.67 and a one year high of $4.16.

Overseas Shipholding Group (NYSE:OSG) last issued its earnings results on Friday, November 9th. The transportation company reported $0.13 EPS for the quarter. The firm had revenue of $80.54 million during the quarter. Overseas Shipholding Group had a return on equity of 22.51% and a net margin of 19.56%.

In related news, insider Samuel H. Norton acquired 15,000 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was purchased at an average cost of $2.18 per share, for a total transaction of $32,700.00. Following the completion of the purchase, the insider now directly owns 525,841 shares of the company’s stock, valued at approximately $1,146,333.38. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Douglas D. Wheat acquired 50,000 shares of the company’s stock in a transaction on Wednesday, November 14th. The shares were bought at an average price of $2.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the chairman now directly owns 151,085 shares of the company’s stock, valued at $302,170. The disclosure for this purchase can be found here. 1.53% of the stock is owned by company insiders.

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About Overseas Shipholding Group

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

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