Dimensional Fund Advisors LP Purchases 208,301 Shares of International Seaways Inc (INSW)
Dimensional Fund Advisors LP grew its position in shares of International Seaways Inc (NYSE:INSW) by 59.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 561,379 shares of the transportation company’s stock after buying an additional 208,301 shares during the period. Dimensional Fund Advisors LP’s holdings in International Seaways were worth $11,059,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC bought a new stake in International Seaways during the third quarter worth $16,062,000. Donald Smith & CO. Inc. grew its holdings in International Seaways by 52.5% during the third quarter. Donald Smith & CO. Inc. now owns 847,222 shares of the transportation company’s stock worth $16,690,000 after buying an additional 291,656 shares in the last quarter. Vanguard Group Inc. grew its holdings in International Seaways by 14.2% during the second quarter. Vanguard Group Inc. now owns 1,812,662 shares of the transportation company’s stock worth $39,280,000 after buying an additional 224,894 shares in the last quarter. State Street Corp grew its holdings in International Seaways by 81.5% during the second quarter. State Street Corp now owns 480,598 shares of the transportation company’s stock worth $10,414,000 after buying an additional 215,846 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in International Seaways by 75.9% during the second quarter. Northern Trust Corp now owns 326,540 shares of the transportation company’s stock worth $7,077,000 after buying an additional 140,882 shares in the last quarter. Hedge funds and other institutional investors own 84.44% of the company’s stock.
INSW has been the subject of several recent research reports. Zacks Investment Research downgraded International Seaways from a “hold” rating to a “strong sell” rating in a report on Friday, October 20th. Pareto Securities initiated coverage on International Seaways in a report on Tuesday, January 16th. They set a “buy” rating for the company.
International Seaways (NYSE:INSW) last announced its quarterly earnings results on Thursday, November 9th. The transportation company reported ($0.46) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.13). International Seaways had a positive return on equity of 1.36% and a negative net margin of 23.86%. analysts forecast that International Seaways Inc will post -0.1 EPS for the current fiscal year.
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International Seaways Company Profile
International Seaways, Inc and its subsidiaries own and operate a fleet of oceangoing vessels. The Company’s oceangoing vessels engage in the transportation of crude oil and petroleum products in the International Flag trades. The Company’s segments are International Crude Tankers and International Product Carriers.
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