Goldman Sachs Group Inc. Lowers Holdings in Overseas Shipholding Group (OSG)

Goldman Sachs Group Inc. lowered its holdings in shares of Overseas Shipholding Group (NYSE:OSG) by 12.1% in the 4th quarter, Holdings Channel reports. The firm owned 505,533 shares of the transportation company’s stock after selling 69,413 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Overseas Shipholding Group were worth $1,385,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Caxton Associates LP lifted its holdings in shares of Overseas Shipholding Group by 859.7% in the 4th quarter. Caxton Associates LP now owns 2,926,993 shares of the transportation company’s stock worth $8,020,000 after acquiring an additional 2,621,993 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Overseas Shipholding Group by 8.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,563,503 shares of the transportation company’s stock worth $4,112,000 after acquiring an additional 128,400 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Overseas Shipholding Group by 130.8% in the 4th quarter. Bank of New York Mellon Corp now owns 991,760 shares of the transportation company’s stock worth $2,718,000 after acquiring an additional 562,138 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Overseas Shipholding Group by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 815,900 shares of the transportation company’s stock worth $2,234,000 after acquiring an additional 28,961 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Overseas Shipholding Group by 4.6% in the 2nd quarter. State Street Corp now owns 779,300 shares of the transportation company’s stock worth $2,073,000 after acquiring an additional 34,225 shares during the last quarter. Institutional investors and hedge funds own 66.03% of the company’s stock.

Overseas Shipholding Group stock opened at $3.99 on Friday. The stock has a market capitalization of $281.41, a PE ratio of 5.86 and a beta of 0.07. The company has a debt-to-equity ratio of 1.34, a current ratio of 3.32 and a quick ratio of 3.10. Overseas Shipholding Group has a 12-month low of $1.67 and a 12-month high of $4.08.

Overseas Shipholding Group (NYSE:OSG) last released its earnings results on Friday, March 9th. The transportation company reported $0.61 earnings per share (EPS) for the quarter. The firm had revenue of $92.82 million during the quarter. Overseas Shipholding Group had a net margin of 14.34% and a return on equity of 20.19%.

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

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