6 days Ago By ABMN Staff
Alliancebernstein L.P. increased its position in shares of International Seaways, Inc.
( NYSE:INSW – Free Report ) by 12.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,196 shares of the transportation company’s stock after buying an additional 10,668 shares during the period.
Alliancebernstein L.P.’s holdings in International Seaways were worth $3,349,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC bought a new position in shares of International Seaways in the fourth quarter valued at about $37,000. Sunbelt Securities Inc.
bought a new stake in shares of International Seaways during the 3rd quarter valued at $52,000. R Squared Ltd bought a new stake in shares of International Seaways during the 4th quarter worth approximately $59,000. KBC Group NV boosted its holdings in shares of International Seaways by 60.
2% in the 4th quarter. KBC Group NV now owns 1,737 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 653 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in International Seaways in the fourth quarter valued at about $69,000.
67.29% of the stock is currently owned by institutional investors and hedge funds. International Seaways Price Performance INSW stock opened at $32.
37 on Tuesday. International Seaways, Inc. has a 1 year low of $27.
20 and a 1 year high of $65.94. The stock has a market capitalization of $1.
59 billion, a PE ratio of 3.13 and a beta of -0.01.
The company’s 50-day moving average is $34.62 and its 200-day moving average is $38.98.
The company has a debt-to-equity ratio of 0.32, a current ratio of 3.60 and a quick ratio of 3.
60. International Seaways Cuts Dividend Insider Buying and Selling at International Seaways In related news, SVP Derek G. Solon sold 4,400 shares of the business’s stock in a transaction dated Thursday, March 13th.
The shares were sold at an average price of $33.39, for a total value of $146,916.00.
Following the transaction, the senior vice president now directly owns 50,453 shares of the company’s stock, valued at approximately $1,684,625.67. The trade was a 8.
02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, SVP William F.
Nugent sold 1,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $33.89, for a total transaction of $33,890.
00. Following the completion of the transaction, the senior vice president now owns 55,852 shares in the company, valued at approximately $1,892,824.28.
The trade was a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Over the last three months, insiders have sold 9,400 shares of company stock valued at $321,856. Corporate insiders own 1.90% of the company’s stock.
Analyst Ratings Changes A number of analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $58.00 target price on shares of International Seaways in a research note on Thursday, February 27th.
SEB Equity Research set a $50.00 price objective on shares of International Seaways in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock.
According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.50. Check Out Our Latest Report on INSW International Seaways Profile ( Free Report ) International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade.
It operates in two segments: Crude Tankers and Product Carriers. As of December 31, 2023, the company owned a fleet of 73 vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities.
Featured Articles Want to see what other hedge funds are holding INSW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Seaways, Inc. ( NYSE:INSW – Free Report ).
Receive News & Ratings for International Seaways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Seaways and related companies with MarketBeat.com's FREE daily email newsletter ..
