PNC Financial Services Group Inc. decreased its position in shares of Overseas Shipholding Group, Inc. (NYSE:OSG) by 56.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,237 shares of the transportation company’s stock after selling 69,465 shares during the period. PNC Financial Services Group Inc. owned 0.08% of Overseas Shipholding Group worth $209,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in OSG. California Public Employees Retirement System purchased a new stake in shares of Overseas Shipholding Group during the first quarter worth approximately $156,000. TIAA CREF Investment Management LLC raised its position in Overseas Shipholding Group by 84.1% in the first quarter. TIAA CREF Investment Management LLC now owns 344,570 shares of the transportation company’s stock worth $1,330,000 after buying an additional 157,402 shares in the last quarter. Systematic Financial Management LP bought a new position in Overseas Shipholding Group during the first quarter worth approximately $1,214,000. O Shaughnessy Asset Management LLC raised its position in Overseas Shipholding Group by 18.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 240,743 shares of the transportation company’s stock worth $929,000 after buying an additional 37,656 shares in the last quarter. Finally, Spark Investment Management LLC bought a new position in Overseas Shipholding Group during the first quarter worth approximately $231,000. 58.46% of the stock is currently owned by hedge funds and other institutional investors.
Overseas Shipholding Group, Inc. (OSG) opened at 2.81 on Friday. Overseas Shipholding Group, Inc. has a 1-year low of $2.30 and a 1-year high of $13.15. The firm’s market capitalization is $208.79 million. The company has a 50 day moving average price of $2.64 and a 200-day moving average price of $3.81.
Overseas Shipholding Group (NYSE:OSG) last announced its quarterly earnings data on Wednesday, May 10th. The transportation company reported $0.06 EPS for the quarter. The firm had revenue of $108.12 million for the quarter. Overseas Shipholding Group had a positive return on equity of 11.16% and a negative net margin of 53.02%. On average, analysts forecast that Overseas Shipholding Group, Inc. will post $0.87 EPS for the current fiscal year.
About Overseas Shipholding Group
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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