American Century Companies Inc. bought a new stake in shares of International Seaways Inc. (NYSE:INSW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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 quarter.
A number of other institutional investors and hedge funds have also modified their holdings of INSW. 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 worth $138,000 after acquiring an additional 2,424 shares during the last quarter. Leisure Capital Management bought a new stake in International Seaways in the 2nd quarter worth approximately $208,000. Citadel Advisors LLC bought a new stake in International Seaways in the 2nd quarter worth approximately $244,000. Voya Investment Management LLC bought a new stake in International Seaways in the 2nd quarter worth approximately $292,000. Finally, AJO LP bought a new stake in International Seaways in the 2nd quarter worth approximately $414,000. 90.81% of the stock is currently owned by institutional investors.
Shares of International Seaways Inc. (NYSE:INSW) opened at $17.40 on Monday. The company has a quick ratio of 3.74, a current ratio of 3.78 and a debt-to-equity ratio of 0.44. International Seaways Inc. has a 12 month low of $10.36 and a 12 month high of $23.43. The stock has a market capitalization of $506.17 and a P/E ratio of 31.64.
Separately, Zacks Investment Research raised International Seaways from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, August 8th.
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About International Seaways
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.
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