Cubist Systematic Strategies LLC Buys New Holdings in International Seaways Inc (INSW)

Cubist Systematic Strategies LLC bought a new stake in International Seaways Inc (NYSE:INSW) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,511 shares of the transportation company’s stock, valued at approximately $325,000. Cubist Systematic Strategies LLC owned approximately 0.06% of International Seaways as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Legal & General Group Plc raised its position in International Seaways by 61.7% during the second 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. Goldman Sachs Group Inc. grew its holdings in shares of International Seaways by 20.1% during the second quarter. Goldman Sachs Group Inc. now owns 35,965 shares of the transportation company’s stock worth $779,000 after buying an additional 6,019 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of International Seaways by 44.2% during the third quarter. Wells Fargo & Company MN now owns 32,463 shares of the transportation company’s stock worth $639,000 after buying an additional 9,945 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of International Seaways during the third quarter worth about $199,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of International Seaways by 93.1% during the second quarter. The Manufacturers Life Insurance Company now owns 22,930 shares of the transportation company’s stock worth $497,000 after buying an additional 11,054 shares in the last quarter. 86.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of International Seaways Inc (NYSE INSW) opened at $19.00 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.78 and a quick ratio of 3.74. International Seaways Inc has a twelve month low of $14.45 and a twelve month high of $23.43. The stock has a market cap of $537.00 and a P/E ratio of -7.57.

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

WARNING: “Cubist Systematic Strategies LLC Buys New Holdings in International Seaways Inc (INSW)” was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.chaffeybreeze.com/2018/01/04/cubist-systematic-strategies-llc-buys-new-holdings-in-international-seaways-inc-insw.html.

International Seaways Company 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.

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).

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

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.

Latest News

Leave a Reply