ValuEngine Downgrades Overseas Shipholding Group, Inc. (NYSE:OSG) to Sell

Overseas Shipholding Group, Inc. (NYSE:OSG) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Thursday, September 7th.

Shares of Overseas Shipholding Group (NYSE:OSG) traded up 3.70% during midday trading on Thursday, hitting $2.52. 776,065 shares of the stock were exchanged. The stock’s 50-day moving average price is $2.48 and its 200-day moving average price is $3.49. The firm’s market capitalization is $189.09 million. Overseas Shipholding Group has a 1-year low of $2.35 and a 1-year high of $11.57.

Overseas Shipholding Group (NYSE:OSG) last released its quarterly earnings data on Wednesday, August 9th. The transportation company reported $0.04 EPS for the quarter. The company had revenue of $96.23 million for the quarter. Overseas Shipholding Group had a positive return on equity of 10.95% and a negative net margin of 71.11%. On average, analysts forecast that Overseas Shipholding Group will post $0.87 EPS for the current year.

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In other Overseas Shipholding Group news, major shareholder Paulson & Co. Inc. sold 116,881 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $2.25, for a total transaction of $262,982.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Samuel H. Norton acquired 20,000 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was acquired at an average cost of $2.00 per share, with a total value of $40,000.00. Following the transaction, the chief executive officer now directly owns 125,531 shares in the company, valued at $251,062. The disclosure for this purchase can be found here. Insiders have acquired a total of 55,600 shares of company stock worth $111,912 in the last ninety days.

Several institutional investors have recently bought and sold shares of OSG. Teachers Advisors LLC boosted its position in shares of Overseas Shipholding Group by 65.1% in the 4th quarter. Teachers Advisors LLC now owns 93,824 shares of the transportation company’s stock worth $359,000 after purchasing an additional 36,998 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Overseas Shipholding Group by 16.4% in the 1st quarter. Nationwide Fund Advisors now owns 28,018 shares of the transportation company’s stock worth $108,000 after purchasing an additional 3,938 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Overseas Shipholding Group by 3.3% in the 1st quarter. Russell Investments Group Ltd. now owns 692,290 shares of the transportation company’s stock worth $2,672,000 after purchasing an additional 21,900 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Overseas Shipholding Group by 104.7% in the 1st quarter. Wells Fargo & Company MN now owns 253,144 shares of the transportation company’s stock worth $977,000 after purchasing an additional 129,505 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of Overseas Shipholding Group by 101.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 489,181 shares of the transportation company’s stock worth $1,889,000 after purchasing an additional 246,258 shares in the last quarter. 62.13% of the stock is owned by hedge funds and other institutional investors.

Overseas Shipholding Group 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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