Bank of New York Mellon Corp reduced its stake in Overseas Shipholding Group, Inc. Class A (NYSE:OSG) by 33.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 429,622 shares of the transportation company’s stock after selling 218,840 shares during the quarter. Bank of New York Mellon Corp’s holdings in Overseas Shipholding Group, Inc. Class A were worth $1,130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in OSG. Royal Bank of Canada raised its stake in shares of Overseas Shipholding Group, Inc. Class A by 8.9% in the second quarter. Royal Bank of Canada now owns 46,603 shares of the transportation company’s stock valued at $124,000 after acquiring an additional 3,811 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Overseas Shipholding Group, Inc. Class A in the second quarter valued at $130,000. Cubist Systematic Strategies LLC raised its stake in shares of Overseas Shipholding Group, Inc. Class A by 156.5% in the second quarter. Cubist Systematic Strategies LLC now owns 49,070 shares of the transportation company’s stock valued at $131,000 after acquiring an additional 29,940 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Overseas Shipholding Group, Inc. Class A by 20.9% in the second quarter. Rhumbline Advisers now owns 49,880 shares of the transportation company’s stock valued at $133,000 after acquiring an additional 8,611 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Overseas Shipholding Group, Inc. Class A in the second quarter valued at $136,000. Institutional investors and hedge funds own 62.02% of the company’s stock.

Separately, ValuEngine upgraded Overseas Shipholding Group, Inc. Class A from a “sell” rating to a “hold” rating in a research note on Friday, December 1st.

Shares of Overseas Shipholding Group, Inc. Class A (NYSE:OSG) opened at $2.93 on Friday. The stock has a market capitalization of $210.87, a price-to-earnings ratio of -0.94 and a beta of 2.40. The company has a quick ratio of 2.26, a current ratio of 2.38 and a debt-to-equity ratio of 1.62. Overseas Shipholding Group, Inc. Class A has a 52 week low of $1.96 and a 52 week high of $5.66.

Overseas Shipholding Group, Inc. Class A (NYSE:OSG) last posted its earnings results on Thursday, November 9th. The transportation company reported ($0.07) EPS for the quarter. The business had revenue of $93.27 million during the quarter. Overseas Shipholding Group, Inc. Class A had a negative net margin of 66.23% and a positive return on equity of 26.01%. During the same quarter in the previous year, the business earned ($0.59) earnings per share.

In related news, major shareholder Paulson & Co. Inc. sold 16,006 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $2.66, for a total value of $42,575.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Samuel H. Norton bought 36,100 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was acquired at an average cost of $2.22 per share, for a total transaction of $80,142.00. Following the acquisition, the insider now directly owns 155,931 shares of the company’s stock, valued at $346,166.82. The disclosure for this purchase can be found here. Corporate insiders own 0.77% of the company’s stock.

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About Overseas Shipholding Group, Inc. Class A

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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Institutional Ownership by Quarter for Overseas Shipholding Group, Inc. Class A (NYSE:OSG)

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