Susquehanna International Group LLP reduced its holdings in Overseas Shipholding Group, Inc. (NYSE:OSG) by 59.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 81,400 shares of the transportation company’s stock after selling 118,600 shares during the quarter. Susquehanna International Group LLP owned approximately 0.09% of Overseas Shipholding Group worth $217,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. California State Teachers Retirement System lifted its position in shares of Overseas Shipholding Group by 3.2% in the 2nd quarter. California State Teachers Retirement System now owns 80,219 shares of the transportation company’s stock worth $213,000 after buying an additional 2,500 shares during the last quarter. Walthausen & Co. LLC lifted its position in shares of Overseas Shipholding Group by 198.9% in the 2nd quarter. Walthausen & Co. LLC now owns 2,516,255 shares of the transportation company’s stock worth $6,693,000 after buying an additional 1,674,490 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Overseas Shipholding Group by 156.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 49,070 shares of the transportation company’s stock worth $131,000 after buying an additional 29,940 shares during the last quarter. State Street Corp lifted its position in shares of Overseas Shipholding Group by 4.6% in the 2nd quarter. State Street Corp now owns 779,300 shares of the transportation company’s stock worth $2,073,000 after buying an additional 34,225 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Overseas Shipholding Group by 8.9% in the 2nd quarter. Royal Bank of Canada now owns 46,603 shares of the transportation company’s stock worth $124,000 after buying an additional 3,811 shares during the last quarter. Institutional investors own 62.06% of the company’s stock.

Separately, ValuEngine cut shares of Overseas Shipholding Group from a “hold” rating to a “sell” rating in a report on Thursday, September 7th.

In other Overseas Shipholding Group news, insider Samuel H. Norton purchased 32,800 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were purchased at an average price of $2.02 per share, for a total transaction of $66,256.00. Following the completion of the purchase, the insider now directly owns 125,531 shares of the company’s stock, valued at $253,572.62. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Paulson & Co. Inc. sold 116,881 shares of Overseas Shipholding Group stock in a transaction on Friday, August 11th. The stock was sold at an average price of $2.25, for a total transaction of $262,982.25. The disclosure for this sale can be found here. Insiders have acquired 55,600 shares of company stock worth $111,912 in the last quarter.

Overseas Shipholding Group (NYSE:OSG) last posted its quarterly earnings results on Wednesday, August 9th. The transportation company reported $0.04 earnings per share for the quarter. Overseas Shipholding Group had a negative net margin of 71.11% and a positive return on equity of 10.95%. The firm had revenue of $96.23 million for the quarter.

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Overseas Shipholding Group Profile

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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Institutional Ownership by Quarter for Overseas Shipholding Group (NYSE:OSG)

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