Donald Smith & CO. Inc. grew its stake in International Seaways Inc. (NYSE:INSW) by 52.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 847,222 shares of the transportation company’s stock after buying an additional 291,656 shares during the quarter. Donald Smith & CO. Inc. owned approximately 2.90% of International Seaways worth $16,690,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Legal & General Group Plc grew its position in shares of 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 purchasing an additional 2,424 shares in the last quarter. Macquarie Group Ltd. bought a new position in International Seaways during the third quarter valued at approximately $199,000. Leisure Capital Management bought a new position in International Seaways during the second quarter valued at approximately $208,000. Citadel Advisors LLC bought a new position in International Seaways during the second quarter valued at approximately $244,000. Finally, Voya Investment Management LLC bought a new position in International Seaways during the second quarter valued at approximately $292,000. Institutional investors and hedge funds own 86.33% of the company’s stock.
Separately, Zacks Investment Research lowered International Seaways from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th.
International Seaways Inc. (INSW) opened at $16.70 on Friday. The company has a market capitalization of $492.20 and a P/E ratio of 30.76. International Seaways Inc. has a one year low of $12.59 and a one year high of $23.43. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.74 and a current ratio of 3.78.
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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.
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