Shares of Overseas Shipholding Group, Inc. Class A (NYSE:OSG) traded down 12.9% during trading on Wednesday . The stock traded as low as $2.43 and last traded at $2.49. 613,954 shares changed hands during trading, an increase of 11% from the average session volume of 554,827 shares. The stock had previously closed at $2.86.

Separately, ValuEngine downgraded Overseas Shipholding Group, Inc. Class A from a “hold” rating to a “sell” rating in a research note on Thursday, September 7th.

The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.26 and a current ratio of 2.38. The firm has a market cap of $220.63, a P/E ratio of 3.82 and a beta of 2.39.

Overseas Shipholding Group, Inc. Class A (NYSE:OSG) last posted its quarterly earnings data on Thursday, November 9th. The transportation company reported ($0.07) EPS for the quarter. The company had revenue of $93.27 million for the quarter. Overseas Shipholding Group, Inc. Class A had a negative net margin of 66.23% and a positive return on equity of 26.01%. During the same period in the previous year, the company posted ($0.59) earnings per share.

In other Overseas Shipholding Group, Inc. Class A news, major shareholder Paulson & Co. Inc. sold 16,006 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $2.66, for a total transaction of $42,575.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.77% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OSG. Alliancebernstein L.P. increased its position in Overseas Shipholding Group, Inc. Class A by 0.4% during the 1st quarter. Alliancebernstein L.P. now owns 26,400 shares of the transportation company’s stock worth $102,000 after purchasing an additional 100 shares during the period. TIAA CREF Investment Management LLC increased its position in Overseas Shipholding Group, Inc. Class A by 84.1% during the 1st quarter. TIAA CREF Investment Management LLC now owns 344,570 shares of the transportation company’s stock worth $1,330,000 after purchasing an additional 157,402 shares during the period. California Public Employees Retirement System acquired a new position in Overseas Shipholding Group, Inc. Class A during the 1st quarter worth approximately $156,000. Vanguard Group Inc. increased its position in Overseas Shipholding Group, Inc. Class A by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 3,361,063 shares of the transportation company’s stock worth $12,973,000 after purchasing an additional 10,679 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Overseas Shipholding Group, Inc. Class A by 86.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 822,484 shares of the transportation company’s stock worth $3,175,000 after purchasing an additional 382,350 shares during the period. Institutional investors own 62.04% of the company’s stock.

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Overseas Shipholding Group, Inc. Class A Company 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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