Overseas Shipholding Group, Inc. (NYSE:OSG) Releases Earnings Results

Overseas Shipholding Group, Inc. (NYSE:OSG) released its earnings results on Wednesday. The transportation company reported $0.04 earnings per share (EPS) for the quarter, RTT News reports. The company had revenue of $96.23 million during the quarter. Overseas Shipholding Group had a positive return on equity of 11.16% and a negative net margin of 53.02%.

Overseas Shipholding Group (NYSE OSG) traded down 17.16% during mid-day trading on Thursday, hitting $2.22. The stock had a trading volume of 402,751 shares. The company’s market cap is $164.95 million. Overseas Shipholding Group has a 1-year low of $2.21 and a 1-year high of $11.57. The company has a 50-day moving average price of $2.74 and a 200 day moving average price of $3.63.

Several institutional investors have recently made changes to their positions in OSG. Vanguard Group Inc. boosted its position in shares of Overseas Shipholding Group by 0.3% in the first quarter. Vanguard Group Inc. now owns 3,361,063 shares of the transportation company’s stock worth $12,973,000 after buying an additional 10,679 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Overseas Shipholding Group by 64.9% in the first quarter. AQR Capital Management LLC now owns 1,269,334 shares of the transportation company’s stock worth $4,900,000 after buying an additional 499,700 shares in the last quarter. Walthausen & Co. LLC purchased a new position in shares of Overseas Shipholding Group during the first quarter worth $3,249,000. Dimensional Fund Advisors LP boosted its position in shares of Overseas Shipholding Group by 86.9% in the first quarter. Dimensional Fund Advisors LP now owns 822,484 shares of the transportation company’s stock worth $3,175,000 after buying an additional 382,350 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Overseas Shipholding Group by 15.0% in the second quarter. Russell Investments Group Ltd. now owns 796,390 shares of the transportation company’s stock worth $2,118,000 after buying an additional 104,100 shares in the last quarter. 58.73% of the stock is currently owned by institutional investors.

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About Overseas Shipholding Group

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.

Earnings History for Overseas Shipholding Group (NYSE:OSG)

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