XTX Topco Ltd Sells 19,159 Shares of Torm Plc (NASDAQ:TRMD)

Key Points

• XTX Topco Ltd reduced its holdings in Torm Plc by 42.0%, selling 19,159 shares and bringing its total ownership to 26,492 shares worth approximately $437,000.
• Several institutional investors made notable changes to their positions in Torm, with CWM LLC increasing its holdings by 1,712.3% and Larson Financial Group raising its position by 4,694.8% in the same quarter.
• Analysts have mixed views on Torm, with one analyst rating it as sell, three as buy, and one as strong buy, while the consensus target price stands at $27.50.

XTX Topco Ltd trimmed its position in shares of Torm Plc (NASDAQ:TRMD - Free Report) by 42.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,492 shares of the company's stock after selling 19,159 shares during the quarter. XTX Topco Ltd's holdings in Torm were worth $437,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Hsbc Holdings PLC raised its position in shares of Torm by 49.2% during the fourth quarter. Hsbc Holdings PLC now owns 153,460 shares of the company's stock worth $2,959,000 after purchasing an additional 50,589 shares during the period. Vanguard Group Inc. raised its position in shares of Torm by 22.4% during the fourth quarter. Vanguard Group Inc. now owns 1,885,040 shares of the company's stock worth $36,417,000 after purchasing an additional 345,463 shares during the period. Franklin Resources Inc. raised its position in shares of Torm by 86.3% during the fourth quarter. Franklin Resources Inc. now owns 61,429 shares of the company's stock worth $1,180,000 after purchasing an additional 28,455 shares during the period. Mariner LLC raised its position in shares of Torm by 129.3% during the fourth quarter. Mariner LLC now owns 41,382 shares of the company's stock worth $805,000 after purchasing an additional 23,337 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Torm by 52.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 58,000 shares of the company's stock worth $944,000 after purchasing an additional 20,000 shares during the period. 73.89% of the stock is owned by institutional investors and hedge funds.

Torm Stock Performance

NASDAQ:TRMD traded up $0.49 during trading on Tuesday, reaching $19.04. The company's stock had a trading volume of 181,177 shares, compared to its average volume of 929,279. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 4.01 and a beta of 0.12. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.28 and a current ratio of 2.55. The firm has a 50 day moving average of $18.03 and a 200-day moving average of $17.71. Torm Plc has a 12 month low of $13.60 and a 12 month high of $38.98.

Analyst Ratings Changes

TRMD has been the topic of a number of research reports. Evercore ISI lowered their target price on Torm from $25.00 to $23.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Pareto Securities raised Torm from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, Fearnley Fonds raised Torm from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $27.50.

About Torm

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.