Systematic Financial Management LP raised its holdings in Teekay Tankers Ltd. (NYSE:TNK) by 23.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 920,760 shares of the shipping company’s stock after purchasing an additional 176,965 shares during the period. Systematic Financial Management LP owned 0.56% of Teekay Tankers worth $1,731,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gotham Asset Management LLC lifted its holdings in shares of Teekay Tankers by 9.7% in the first quarter. Gotham Asset Management LLC now owns 143,642 shares of the shipping company’s stock valued at $294,000 after purchasing an additional 12,721 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Teekay Tankers by 19.0% in the first quarter. Parametric Portfolio Associates LLC now owns 146,641 shares of the shipping company’s stock valued at $301,000 after purchasing an additional 23,438 shares in the last quarter. TFS Capital LLC lifted its holdings in shares of Teekay Tankers by 21.4% in the first quarter. TFS Capital LLC now owns 125,293 shares of the shipping company’s stock valued at $257,000 after purchasing an additional 22,054 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of Teekay Tankers by 136.6% in the first quarter. Thrivent Financial For Lutherans now owns 894,382 shares of the shipping company’s stock valued at $1,834,000 after purchasing an additional 516,410 shares in the last quarter. Finally, Lucus Advisors LLC lifted its holdings in shares of Teekay Tankers by 193.4% in the first quarter. Lucus Advisors LLC now owns 196,166 shares of the shipping company’s stock valued at $402,000 after purchasing an additional 129,296 shares in the last quarter. 39.00% of the stock is currently owned by institutional investors.

Several analysts have issued reports on the stock. BidaskClub downgraded shares of Teekay Tankers from a “sell” rating to a “strong sell” rating in a report on Sunday, August 13th. Zacks Investment Research downgraded shares of Teekay Tankers from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. TheStreet downgraded shares of Teekay Tankers from a “c” rating to a “d+” rating in a report on Thursday, August 3rd. ValuEngine downgraded shares of Teekay Tankers from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, UBS AG reaffirmed a “sell” rating and issued a $1.50 price target (down previously from $2.00) on shares of Teekay Tankers in a report on Friday, June 9th. Four analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Teekay Tankers presently has an average rating of “Hold” and an average target price of $2.27.

Teekay Tankers Ltd. (NYSE:TNK) opened at 1.58 on Friday. Teekay Tankers Ltd. has a 52 week low of $1.37 and a 52 week high of $2.85. The stock’s market cap is $268.54 million. The company’s 50 day moving average is $1.52 and its 200 day moving average is $1.85.

Teekay Tankers (NYSE:TNK) last announced its earnings results on Thursday, August 3rd. The shipping company reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). Teekay Tankers had a negative net margin of 7.38% and a positive return on equity of 0.39%. The company had revenue of $89.40 million during the quarter, compared to analysts’ expectations of $80.68 million. During the same period last year, the company posted $0.20 earnings per share. The business’s revenue for the quarter was down 36.0% on a year-over-year basis. Equities analysts predict that Teekay Tankers Ltd. will post ($0.03) earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 14th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 7.59%. The ex-dividend date of this dividend was Thursday, August 10th. Teekay Tankers’s payout ratio is -63.16%.

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About Teekay Tankers

Teekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Company’s business is to own crude oil and product tankers. The Company has two segments: conventional tanker and ship-to-ship transfer. Its conventional tanker segment consists of the operation of all of its tankers, including those employed on full service lightering contracts.

Institutional Ownership by Quarter for Teekay Tankers (NYSE:TNK)

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