Overseas Shipholding Group, Inc. Class A (NYSE:OSG) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Friday.

Overseas Shipholding Group, Inc. Class A (OSG) traded up $0.05 during midday trading on Friday, reaching $2.97. The company’s stock had a trading volume of 755,562 shares, compared to its average volume of 406,946. Overseas Shipholding Group, Inc. Class A has a 1-year low of $1.96 and a 1-year high of $5.66. The company has a current ratio of 2.38, a quick ratio of 2.26 and a debt-to-equity ratio of 1.62. The stock has a market cap of $219.13 and a PE ratio of 3.79.

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

In other news, major shareholder Paulson & Co. Inc. sold 16,006 shares of the firm’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 value of $42,575.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.77% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Overseas Shipholding Group, Inc. Class A by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 3,361,063 shares of the transportation company’s stock valued at $12,973,000 after purchasing an additional 10,679 shares during the period. Bank of America Corp DE lifted its stake in shares of Overseas Shipholding Group, Inc. Class A by 4,002.0% in the 1st quarter. Bank of America Corp DE now owns 218,474 shares of the transportation company’s stock valued at $843,000 after purchasing an additional 213,148 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Overseas Shipholding Group, Inc. Class A by 70.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 572,185 shares of the transportation company’s stock valued at $1,523,000 after purchasing an additional 236,989 shares during the period. Prudential Financial Inc. purchased a new position in shares of Overseas Shipholding Group, Inc. Class A in the 2nd quarter valued at approximately $130,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Overseas Shipholding Group, Inc. Class A in the 2nd quarter valued at approximately $290,000. Institutional investors own 61.92% of the company’s stock.

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About Overseas Shipholding Group, Inc. Class A

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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