Nomura Holdings Inc. Purchases 12,393 Shares of Teekay Tankers Ltd. (NYSE:TNK)

Nomura Holdings Inc. boosted its stake in Teekay Tankers Ltd. (NYSE:TNK - Free Report) by 87.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,506 shares of the shipping company's stock after buying an additional 12,393 shares during the quarter. Nomura Holdings Inc. owned approximately 0.08% of Teekay Tankers worth $1,055,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC lifted its position in Teekay Tankers by 7.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,219 shares of the shipping company's stock worth $168,000 after buying an additional 286 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Teekay Tankers by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,653 shares of the shipping company's stock valued at $543,000 after purchasing an additional 494 shares in the last quarter. Kendall Capital Management raised its holdings in shares of Teekay Tankers by 3.3% during the 4th quarter. Kendall Capital Management now owns 17,965 shares of the shipping company's stock valued at $715,000 after purchasing an additional 580 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Teekay Tankers by 7.0% during the 4th quarter. Sterling Capital Management LLC now owns 10,555 shares of the shipping company's stock valued at $420,000 after purchasing an additional 686 shares in the last quarter. Finally, Ellevest Inc. raised its holdings in shares of Teekay Tankers by 14.4% during the 4th quarter. Ellevest Inc. now owns 5,704 shares of the shipping company's stock valued at $227,000 after purchasing an additional 720 shares in the last quarter. Hedge funds and other institutional investors own 52.67% of the company's stock.

Teekay Tankers Stock Performance

Shares of Teekay Tankers stock traded up $1.24 during midday trading on Friday, reaching $44.54. 278,725 shares of the company's stock traded hands, compared to its average volume of 397,452. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 3.93 and a beta of -0.10. The company's 50 day simple moving average is $40.81 and its 200 day simple moving average is $40.80. Teekay Tankers Ltd. has a 52 week low of $33.35 and a 52 week high of $74.20.

Teekay Tankers (NYSE:TNK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The shipping company reported $1.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.53 by ($0.32). Teekay Tankers had a net margin of 34.55% and a return on equity of 20.67%. The firm had revenue of $115.64 million during the quarter, compared to analyst estimates of $146.31 million. During the same quarter in the previous year, the business posted $4.23 earnings per share. The business's quarterly revenue was down 37.1% compared to the same quarter last year. As a group, equities research analysts predict that Teekay Tankers Ltd. will post 7.13 earnings per share for the current year.

Teekay Tankers Increases Dividend

The company also recently announced a -- dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a $1.00 dividend. The ex-dividend date is Monday, May 19th. This is a positive change from Teekay Tankers's previous -- dividend of $0.25. This represents a yield of 2.3%. Teekay Tankers's dividend payout ratio (DPR) is presently 10.72%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TNK. Evercore ISI cut their price target on shares of Teekay Tankers from $53.00 to $51.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group restated a "buy" rating and set a $55.00 price target on shares of Teekay Tankers in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $50.67.

Teekay Tankers Profile

Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services.