International Seaways Inc (NYSE:INSW) major shareholder Bluemountain Capital Managemen sold 199,235 shares of International Seaways stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $20.44, for a total value of $4,072,363.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Bluemountain Capital Managemen also recently made the following trade(s):

  • On Friday, August 31st, Bluemountain Capital Managemen sold 81,345 shares of International Seaways stock. The stock was sold at an average price of $20.93, for a total value of $1,702,550.85.
  • On Wednesday, August 29th, Bluemountain Capital Managemen sold 89,205 shares of International Seaways stock. The stock was sold at an average price of $21.14, for a total value of $1,885,793.70.
  • On Monday, August 27th, Bluemountain Capital Managemen sold 84,915 shares of International Seaways stock. The stock was sold at an average price of $21.07, for a total value of $1,789,159.05.
  • On Thursday, August 23rd, Bluemountain Capital Managemen sold 207,015 shares of International Seaways stock. The stock was sold at an average price of $20.87, for a total value of $4,320,403.05.

Shares of International Seaways stock traded down $0.19 during trading on Thursday, reaching $19.34. The stock had a trading volume of 5,827 shares, compared to its average volume of 118,367. The firm has a market cap of $597.29 million, a price-to-earnings ratio of -66.69 and a beta of -0.98. International Seaways Inc has a 52 week low of $15.23 and a 52 week high of $24.78. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.99 and a quick ratio of 1.94.

International Seaways (NYSE:INSW) last issued its quarterly earnings results on Wednesday, August 8th. The transportation company reported ($0.71) EPS for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.09). The firm had revenue of $56.91 million during the quarter, compared to the consensus estimate of $46.74 million. International Seaways had a negative net margin of 67.42% and a negative return on equity of 6.07%. equities analysts expect that International Seaways Inc will post -2.44 EPS for the current year.

A number of brokerages have recently commented on INSW. Zacks Investment Research lowered International Seaways from a “hold” rating to a “sell” rating in a report on Thursday. Stifel Nicolaus began coverage on International Seaways in a report on Tuesday. They issued a “buy” rating and a $25.00 price target on the stock. Finally, ValuEngine upgraded International Seaways from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.00.

Institutional investors have recently modified their holdings of the company. United Services Automobile Association bought a new stake in shares of International Seaways in the second quarter valued at about $225,000. Leisure Capital Management bought a new stake in shares of International Seaways in the second quarter valued at about $240,000. California Public Employees Retirement System acquired a new stake in shares of International Seaways in the first quarter valued at about $235,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of International Seaways in the first quarter valued at about $246,000. Finally, Jane Street Group LLC acquired a new stake in shares of International Seaways in the second quarter valued at about $427,000. Institutional investors own 85.39% of the company’s stock.

About International Seaways

International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trades. It operates through two segments, Crude Tankers and Product Carriers. As of June 14, 2018, the company owned and operated a fleet of 55 vessels, including 1 ultra large crude carrier, 14 very large crude carriers, 2 Suezmaxes, 7 Aframaxes, 12 Panamaxes, and 13 medium range tankers.

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Insider Buying and Selling by Quarter for International Seaways (NYSE:INSW)

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