Y Intercept Hong Kong Ltd raised its holdings in shares of TORM plc (NASDAQ:TRMD - Free Report) by 174.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,219 shares of the company's stock after purchasing an additional 27,465 shares during the period. Y Intercept Hong Kong Ltd's holdings in TORM were worth $841,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in TORM during the 3rd quarter valued at about $7,359,000. Barclays PLC grew its stake in shares of TORM by 65.4% during the third quarter. Barclays PLC now owns 384,308 shares of the company's stock worth $13,140,000 after acquiring an additional 151,942 shares during the last quarter. Soros Fund Management LLC acquired a new position in shares of TORM during the third quarter valued at about $3,419,000. Centiva Capital LP purchased a new position in shares of TORM in the 3rd quarter valued at approximately $3,077,000. Finally, Holocene Advisors LP acquired a new stake in TORM in the 3rd quarter worth approximately $1,710,000. Hedge funds and other institutional investors own 73.89% of the company's stock.
TORM Price Performance
Shares of TORM stock traded down $0.23 on Monday, hitting $17.36. The company's stock had a trading volume of 864,363 shares, compared to its average volume of 1,152,476. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 2.25 and a beta of 0.21. TORM plc has a 1 year low of $17.17 and a 1 year high of $40.47. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.24 and a current ratio of 2.47. The firm has a fifty day moving average price of $19.93 and a 200-day moving average price of $25.62.
Analyst Ratings Changes
Separately, Jefferies Financial Group dropped their price objective on shares of TORM from $37.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, November 14th.
Check Out Our Latest Report on TRMD
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.
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