November 17, 2016 - By Hazel Jackson · 0 Comments
The stock of Teekay Tankers Limited (NYSE:TNK) registered a decrease of 2.71% in short interest. TNK’s total short interest was 8.44M shares in November as published by FINRA. Its down 2.71% from 8.67 million shares, reported previously. With 1.47M shares average volume, it will take short sellers 6 days to cover their TNK’s short positions. The short interest to Teekay Tankers Limited’s float is 7.31%. About 959,997 shares traded hands. Teekay Tankers Ltd. (NYSE:TNK) has declined 34.14% since April 15, 2016 and is downtrending. It has underperformed by 38.76% the S&P500.
Teekay Tankers Ltd. is an international well-known provider of marine transportation to the oil industries. The company has a market cap of $372.87 million. The Company’s business is to own crude oil and product tankers. It has a 3.34 P/E ratio. The Firm has two divisions: conventional tanker and ship-to-ship transfer.
Insitutional Activity: The institutional sentiment increased to 1.17 in Q2 2016. Its up 0.08, from 1.09 in 2016Q1. The ratio increased, as 24 funds sold all Teekay Tankers Ltd. shares owned while 34 reduced positions. 17 funds bought stakes while 51 increased positions. They now own 67.96 million shares or 5.39% less from 71.83 million shares in 2016Q1.
Muhlenkamp holds 49,075 shares or 0.06% of its portfolio. California Public Employees Retirement Systems accumulated 141,700 shares or 0% of the stock. Loews Corporation has 61,790 shares for 0% of their US portfolio. Tower Research Cap Limited Liability Corporation (Trc), a New York-based fund reported 10,787 shares. Blackrock Inv Management Ltd Liability last reported 497,036 shares in the company. Aqr Mngmt Limited accumulated 13,233 shares or 0% of the stock. Babson Capital Ltd Liability holds 0% of its portfolio in Teekay Tankers Ltd. (NYSE:TNK) for 19,800 shares. Hbk Ltd Partnership last reported 0% of its portfolio in the stock. Pnc Financial Services Grp Inc has 4,168 shares for 0% of their US portfolio. The Illinois-based Peak6 L P has invested 0% in Teekay Tankers Ltd. (NYSE:TNK). Marshall Wace Llp holds 26,145 shares or 0% of its portfolio. Mount Lucas Management Lp, a Pennsylvania-based fund reported 137,976 shares. Axa holds 33,514 shares or 0% of its portfolio. Suntrust Banks has 13,894 shares for 0% of their US portfolio. Advisory Rech holds 0% of its portfolio in Teekay Tankers Ltd. (NYSE:TNK) for 20,800 shares.
Out of 9 analysts covering Teekay Tankers (NYSE:TNK), 4 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 44% are positive. Teekay Tankers has been the topic of 14 analyst reports since September 4, 2015 according to StockzIntelligence Inc. The rating was upgraded by JP Morgan on Thursday, April 7 to “Neutral”. The stock has “Underperform” rating given by Bank of America on Friday, May 20. The firm has “Buy” rating by Deutsche Bank given on Friday, November 6. The firm has “Buy” rating given on Thursday, October 22 by UBS. The stock of Teekay Tankers Ltd. (NYSE:TNK) earned “Hold” rating by Zacks on Tuesday, September 22. On Wednesday, March 2 the stock rating was initiated by Danske Bank with “Hold”. The firm has “Buy” rating by Seaport Global given on Wednesday, May 4. On Monday, January 11 the stock rating was initiated by Barclays Capital with “Overweight”. The stock of Teekay Tankers Ltd. (NYSE:TNK) earned “Buy” rating by UBS on Friday, September 4. The company was downgraded on Tuesday, July 26 by UBS.
Teekay Tankers Ltd., incorporated on October 17, 2007, is an international well-known provider of marine transportation to the oil industries. The Company’s business is to own crude oil and product tankers. The Firm has two divisions: conventional tanker and ship-to-ship transfer. The Company’s conventional tanker segment consists of the operation of all of its tankers, including those employed on full service lightering contracts. The Company’s ship-to-ship transfer segment consists of its lightering support services, including those provided to the Company’s conventional tanker segment as part of full service lightering activities and other related services. The Company’s activities are managed by Teekay Tankers Management Services Ltd., which provides the Company with commercial, technical, administrative and strategic services.
Another recent and important Teekay Tankers Ltd. (NYSE:TNK) news was published by Marketwired.com which published an article titled: “Teekay Tankers Ltd. Reports Third Quarter 2016 Results” on November 03, 2016.
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By Hazel Jackson