Emerald Acquisition Ltd. bought a new position in shares of Overseas Shipholding Group Inc. (NYSE:OSG) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 103,972 shares of the company’s stock, valued at approximately $1,143,000. Emerald Acquisition Ltd. owned 0.16% of Overseas Shipholding Group at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of OSG. Trishield Capital Management LLC raised its position in Overseas Shipholding Group by 66.6% in the first quarter. Trishield Capital Management LLC now owns 250,100 shares of the company’s stock worth $470,000 after buying an additional 100,000 shares during the last quarter. Royal Bank of Canada raised its position in Overseas Shipholding Group by 12,790.0% in the first quarter. Royal Bank of Canada now owns 159,836 shares of the company’s stock worth $301,000 after buying an additional 158,596 shares during the last quarter. Strs Ohio purchased a new position in Overseas Shipholding Group during the second quarter worth about $131,000. Bank of New York Mellon Corp purchased a new position in Overseas Shipholding Group during the second quarter worth about $719,000. Finally, California State Teachers Retirement System purchased a new position in Overseas Shipholding Group during the second quarter worth about $833,000. 33.97% of the stock is owned by hedge funds and other institutional investors.
Shares of Overseas Shipholding Group Inc. (NYSE:OSG) traded down 1.96% during mid-day trading on Friday, hitting $10.49. 375,207 shares of the stock were exchanged. The company’s 50-day moving average is $10.88 and its 200-day moving average is $11.33. The firm has a market cap of $734.76 million and a price-to-earnings ratio of 3.82. Overseas Shipholding Group Inc. has a 1-year low of $9.97 and a 1-year high of $13.15.
Overseas Shipholding Group (NYSE:OSG) last released its earnings results on Tuesday, August 9th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The firm earned $221.45 million during the quarter, compared to analysts’ expectations of $245.49 million. Overseas Shipholding Group had a net margin of 27.69% and a return on equity of 16.91%. Equities research analysts anticipate that Overseas Shipholding Group Inc. will post $0.88 earnings per share for the current fiscal year.
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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