Nomura Holdings Inc. increased its position in shares of Teekay Tankers Ltd. (NYSE:TNK - Free Report) by 87.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,506 shares of the shipping company's stock after buying an additional 12,393 shares during the quarter. Nomura Holdings Inc. owned about 0.08% of Teekay Tankers worth $1,055,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Numerai GP LLC purchased a new position in Teekay Tankers during the 4th quarter worth approximately $2,246,000. Maven Securities LTD purchased a new position in Teekay Tankers during the 4th quarter worth approximately $231,000. Millennium Management LLC purchased a new position in Teekay Tankers during the 4th quarter worth approximately $8,110,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 worth $543,000 after buying an additional 494 shares during the last quarter. Finally, Ellevest Inc. grew its stake in Teekay Tankers by 14.4% during the 4th quarter. Ellevest Inc. now owns 5,704 shares of the shipping company's stock worth $227,000 after buying an additional 720 shares during the last quarter. Hedge funds and other institutional investors own 52.67% of the company's stock.
Teekay Tankers Trading Up 2.1%
Teekay Tankers stock opened at $46.84 on Monday. Teekay Tankers Ltd. has a twelve month low of $33.35 and a twelve month high of $74.20. The stock has a 50 day moving average of $40.11 and a two-hundred day moving average of $40.82. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 4.14 and a beta of -0.10.
Teekay Tankers (NYSE:TNK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The shipping company reported $1.21 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.32). Teekay Tankers had a return on equity of 20.67% and a net margin of 34.55%. The company had revenue of $115.64 million for the quarter, compared to analyst estimates of $146.31 million. During the same period in the previous year, the business posted $4.23 earnings per share. The firm's revenue was down 37.1% compared to the same quarter last year. Equities analysts predict that Teekay Tankers Ltd. will post 7.13 earnings per share for the current year.
Teekay Tankers Increases Dividend
The firm also recently declared a -- dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be issued a $1.00 dividend. This is a boost from Teekay Tankers's previous -- dividend of $0.25. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, May 19th. Teekay Tankers's dividend payout ratio (DPR) is currently 10.72%.
Analyst Ratings Changes
TNK has been the topic of a number of research reports. Jefferies Financial Group restated a "buy" rating and set a $55.00 price target on shares of Teekay Tankers in a research note on Thursday, May 8th. Evercore ISI decreased their price objective on Teekay Tankers from $53.00 to $51.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.67.
Read Our Latest Stock Analysis on Teekay Tankers
About Teekay Tankers
(
Free Report)
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.
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