State of New Jersey Common Pension Fund D Has $269,000 Stock Holdings in TORM plc (NASDAQ:TRMD)

State of New Jersey Common Pension Fund D lowered its position in shares of TORM plc (NASDAQ:TRMD) by 67.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,811 shares of the company’s stock after selling 28,965 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in TORM were worth $269,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TRMD. International Assets Investment Management LLC acquired a new position in TORM during the third quarter worth $7,359,000. Barclays PLC lifted its position in TORM by 65.4% during the 3rd quarter. Barclays PLC now owns 384,308 shares of the company’s stock worth $13,140,000 after buying an additional 151,942 shares in the last quarter. Soros Fund Management LLC acquired a new position in shares of TORM during the 3rd quarter worth about $3,419,000. Centiva Capital LP acquired a new stake in shares of TORM in the third quarter valued at about $3,077,000. Finally, Holocene Advisors LP acquired a new stake in shares of TORM in the third quarter valued at about $1,710,000. 73.89% of the stock is owned by institutional investors.

TORM Stock Performance

Shares of TRMD opened at $18.90 on Wednesday. The company has a market cap of $1.78 billion, a PE ratio of 2.45 and a beta of 0.21. The firm has a 50-day moving average of $19.94 and a 200-day moving average of $26.03. TORM plc has a one year low of $17.77 and a one year high of $40.47. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.47 and a quick ratio of 2.24.

Analyst Ratings Changes

Separately, Jefferies Financial Group decreased their price target on TORM from $37.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, November 14th.

TORM Company Profile

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.