New York State Common Retirement Fund cut its stake in TORM plc (NASDAQ:TRMD - Free Report) by 26.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,371 shares of the company's stock after selling 16,949 shares during the quarter. New York State Common Retirement Fund owned approximately 0.05% of TORM worth $921,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the company. Two Sigma Advisers LP grew its position in TORM by 2.6% in the third quarter. Two Sigma Advisers LP now owns 1,266,900 shares of the company's stock worth $43,315,000 after acquiring an additional 32,500 shares in the last quarter. Barclays PLC boosted its holdings in TORM by 65.4% in the third quarter. Barclays PLC now owns 384,308 shares of the company's stock worth $13,140,000 after purchasing an additional 151,942 shares in the last quarter. Soros Fund Management LLC acquired a new position in TORM during the third quarter worth $3,419,000. Centiva Capital LP acquired a new position in TORM during the third quarter worth $3,077,000. Finally, Geode Capital Management LLC raised its holdings in TORM by 0.6% during the third quarter. Geode Capital Management LLC now owns 81,626 shares of the company's stock valued at $2,791,000 after buying an additional 505 shares in the last quarter. Institutional investors and hedge funds own 73.89% of the company's stock.
TORM Stock Performance
TRMD traded down $0.01 during trading on Friday, hitting $19.39. The stock had a trading volume of 712,529 shares, compared to its average volume of 1,169,431. The company has a current ratio of 2.47, a quick ratio of 2.24 and a debt-to-equity ratio of 0.51. The company has a 50 day simple moving average of $19.81 and a 200-day simple moving average of $25.24. The firm has a market cap of $1.82 billion, a PE ratio of 2.51 and a beta of 0.14. TORM plc has a 12 month low of $16.76 and a 12 month high of $40.47.
Analyst Ratings Changes
Separately, Jefferies Financial Group lowered their price objective on TORM from $37.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, November 14th.
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About TORM
(
Free Report)
TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom. It operates in two operating segments, Tanker and Marine Exhaust. The Tanker segment transports refined oil products, such as gasoline, jet fuel, kerosene, naphtha, and gas oil, as well as dirty petroleum products, including fuel oil.
Further Reading
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