Empowered Funds LLC Acquires Shares of 182,161 Teekay Tankers Ltd. (NYSE:TNK)

Empowered Funds LLC bought a new position in Teekay Tankers Ltd. (NYSE:TNK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 182,161 shares of the shipping company's stock, valued at approximately $7,248,000. Empowered Funds LLC owned about 0.53% of Teekay Tankers as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bleakley Financial Group LLC lifted its stake in shares of Teekay Tankers by 161.6% in the 4th quarter. Bleakley Financial Group LLC now owns 16,982 shares of the shipping company's stock worth $676,000 after acquiring an additional 10,490 shares during the period. Choreo LLC acquired a new stake in Teekay Tankers during the fourth quarter valued at approximately $294,000. R Squared Ltd acquired a new stake in Teekay Tankers during the fourth quarter valued at approximately $41,000. Linden Thomas Advisory Services LLC lifted its stake in Teekay Tankers by 21.7% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 12,398 shares of the shipping company's stock valued at $493,000 after purchasing an additional 2,211 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in Teekay Tankers by 41.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 7,712 shares of the shipping company's stock valued at $307,000 after purchasing an additional 2,248 shares during the last quarter. Institutional investors own 52.67% of the company's stock.

Teekay Tankers Stock Down 1.0 %

TNK stock traded down $0.42 during trading hours on Friday, hitting $40.43. The company's stock had a trading volume of 382,748 shares, compared to its average volume of 504,531. The company has a market capitalization of $1.39 billion, a PE ratio of 3.32, a price-to-earnings-growth ratio of 1.98 and a beta of -0.43. Teekay Tankers Ltd. has a 12 month low of $36.04 and a 12 month high of $74.20. The stock has a 50 day moving average price of $41.05 and a two-hundred day moving average price of $48.45.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group cut their price target on shares of Teekay Tankers from $72.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Bank of America restated an "underperform" rating and set a $46.00 price target (down previously from $51.00) on shares of Teekay Tankers in a report on Wednesday, November 13th. One investment 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. According to MarketBeat.com, Teekay Tankers presently has an average rating of "Moderate Buy" and a consensus price target of $63.67.

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.