News Snapshot:
Point72 Hong Kong Ltd acquired a new position in Scorpio Tankers Inc. (NYSE:STNG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,756 shares of the shipping company’s stock, valued at approximately $35,000. A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Peregrine Capital Management LLC raised its holdings in Scorpio Tankers by 1.5% in the 2nd quarter. Peregrine Capital Management LLC now owns 186,660 shares of the shipping company’s stock worth $2,391,000 after purchasing an additional 2,677 shares...
