American Century Companies Inc. Purchases New Stake in International Seaways Inc. (NYSE:INSW)

American Century Companies Inc. purchased a new stake in International Seaways Inc. (NYSE:INSW) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 133,152 shares of the transportation company’s stock, valued at approximately $2,623,000. American Century Companies Inc. owned 0.46% of International Seaways at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Legal & General Group Plc increased its stake in International Seaways by 61.7% in the 2nd quarter. Legal & General Group Plc now owns 6,350 shares of the transportation company’s stock valued at $138,000 after purchasing an additional 2,424 shares in the last quarter. Leisure Capital Management purchased a new position in International Seaways in the 2nd quarter valued at approximately $208,000. Citadel Advisors LLC purchased a new position in International Seaways in the 2nd quarter valued at approximately $244,000. Voya Investment Management LLC purchased a new position in International Seaways in the 2nd quarter valued at approximately $292,000. Finally, AJO LP purchased a new position in International Seaways during the second quarter worth $414,000. 86.33% of the stock is owned by institutional investors and hedge funds.

International Seaways Inc. (INSW) opened at $16.92 on Wednesday. The company has a current ratio of 3.78, a quick ratio of 3.74 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $498.31 and a price-to-earnings ratio of 31.15. International Seaways Inc. has a 1 year low of $10.66 and a 1 year high of $23.43.

Separately, Zacks Investment Research downgraded International Seaways from a “hold” rating to a “strong sell” rating in a research report on Friday, October 20th.

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International Seaways 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.

Institutional Ownership by Quarter for International Seaways (NYSE:INSW)

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