Overseas Shipholding Group, Inc. Class A (NYSE:OSG)’s share price was down 7.3% on Tuesday . The company traded as low as $2.41 and last traded at $2.43. Approximately 675,145 shares were traded during trading, an increase of 22% from the average daily volume of 553,086 shares. The stock had previously closed at $2.62.

Separately, ValuEngine cut Overseas Shipholding Group, Inc. Class A from a “hold” rating to a “sell” rating in a report on Thursday, September 7th.

The stock has a market capitalization of $182.35, a price-to-earnings ratio of 3.16 and a beta of 2.39. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.38 and a quick ratio of 2.26.

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

In related news, major shareholder Paulson & Co. Inc. sold 16,006 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $2.66, for a total transaction of $42,575.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.77% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. boosted its holdings in Overseas Shipholding Group, Inc. Class A by 0.4% during the 1st quarter. Alliancebernstein L.P. now owns 26,400 shares of the transportation company’s stock valued at $102,000 after acquiring an additional 100 shares during the period. California Public Employees Retirement System purchased a new position in Overseas Shipholding Group, Inc. Class A during the 1st quarter valued at about $156,000. Marshall Wace North America L.P. purchased a new position in Overseas Shipholding Group, Inc. Class A during the 2nd quarter valued at about $136,000. Royal Bank of Canada boosted its holdings in Overseas Shipholding Group, Inc. Class A by 8.9% during the 2nd 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 during the period. Finally, Prudential Financial Inc. purchased a new position in Overseas Shipholding Group, Inc. Class A during the 2nd quarter valued at about $130,000. Institutional investors own 62.04% of the company’s stock.

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Overseas Shipholding Group, Inc. Class A Company Profile

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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