Teekay Tankers Ltd. (NYSE:TNK) Shares Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC lifted its position in shares of Teekay Tankers Ltd. (NYSE:TNK) by 40.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 662,122 shares of the shipping company’s stock after purchasing an additional 190,407 shares during the period. Acadian Asset Management LLC owned about 1.93% of Teekay Tankers worth $38,659,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in Teekay Tankers by 485.2% during the 1st quarter. SG Americas Securities LLC now owns 298,492 shares of the shipping company’s stock worth $17,435,000 after buying an additional 247,489 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Teekay Tankers by 38.8% in the fourth quarter. Principal Financial Group Inc. now owns 828,888 shares of the shipping company’s stock valued at $41,420,000 after purchasing an additional 231,921 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Teekay Tankers in the fourth quarter valued at approximately $6,243,000. Glenorchy Capital Ltd acquired a new stake in Teekay Tankers during the fourth quarter worth approximately $2,787,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Teekay Tankers by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,020,473 shares of the shipping company’s stock worth $100,964,000 after buying an additional 54,886 shares during the last quarter. Institutional investors and hedge funds own 52.67% of the company’s stock.

Teekay Tankers Trading Up 4.4 %

TNK stock traded up $2.76 on Monday, hitting $65.53. The company’s stock had a trading volume of 178,465 shares, compared to its average volume of 377,231. The firm has a 50 day moving average of $68.75 and a two-hundred day moving average of $61.46. Teekay Tankers Ltd. has a 1 year low of $37.20 and a 1 year high of $74.20. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 4.44, a price-to-earnings-growth ratio of 1.42 and a beta of -0.28.

Teekay Tankers (NYSE:TNK) last released its quarterly earnings results on Thursday, May 9th. The shipping company reported $3.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.16. The firm had revenue of $221.81 million for the quarter. Teekay Tankers had a return on equity of 30.73% and a net margin of 37.39%. As a group, equities analysts forecast that Teekay Tankers Ltd. will post 14.69 EPS for the current fiscal year.

Teekay Tankers Dividend Announcement

The business also recently declared a None dividend, which was paid on Friday, May 31st. Stockholders of record on Tuesday, May 21st were paid a dividend of $2.25 per share. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, May 20th. Teekay Tankers’s dividend payout ratio (DPR) is presently 7.07%.

Analyst Ratings Changes

A number of research firms recently commented on TNK. Jefferies Financial Group lifted their price target on shares of Teekay Tankers from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. StockNews.com upgraded Teekay Tankers from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. Finally, Bank of America boosted their target price on Teekay Tankers from $66.00 to $79.00 and gave the company a “buy” rating in a report on Friday, May 10th.

Teekay Tankers Company 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.