Teekay Tankers Ltd. (NYSE:TNK) Shares Acquired by Foundry Partners LLC

Foundry Partners LLC raised its holdings in Teekay Tankers Ltd. (NYSE:TNK - Free Report) by 89.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 105,690 shares of the shipping company's stock after purchasing an additional 49,853 shares during the quarter. Foundry Partners LLC owned 0.31% of Teekay Tankers worth $6,156,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TNK. Sanctuary Advisors LLC acquired a new position in shares of Teekay Tankers during the 2nd quarter worth about $1,775,000. Shariaportfolio Inc. purchased a new position in shares of Teekay Tankers during the 3rd quarter worth approximately $3,498,000. O Shaughnessy Asset Management LLC grew its stake in shares of Teekay Tankers by 51.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 57,846 shares of the shipping company's stock valued at $3,379,000 after buying an additional 19,752 shares in the last quarter. Bank of New York Mellon Corp grew its position in Teekay Tankers by 16.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 81,856 shares of the shipping company's stock valued at $5,633,000 after acquiring an additional 11,535 shares in the last quarter. Finally, Unison Advisors LLC purchased a new stake in Teekay Tankers during the 3rd quarter worth approximately $740,000. 52.67% of the stock is currently owned by hedge funds and other institutional investors.

Teekay Tankers Stock Down 1.0 %

Shares of NYSE:TNK opened at $42.73 on Thursday. The company has a market capitalization of $1.47 billion, a P/E ratio of 3.51, a P/E/G ratio of 1.28 and a beta of -0.32. Teekay Tankers Ltd. has a 52-week low of $42.52 and a 52-week high of $74.20. The stock's fifty day simple moving average is $52.72 and its 200-day simple moving average is $60.00.

Teekay Tankers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, November 12th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Tuesday, November 12th. Teekay Tankers's payout ratio is 8.21%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Bank of America reaffirmed an "underperform" rating and issued a $46.00 price target (down previously from $51.00) on shares of Teekay Tankers in a research report on Wednesday, November 13th. StockNews.com assumed coverage on Teekay Tankers in a research report on Thursday, October 10th. They set a "hold" rating on the stock. Jefferies Financial Group decreased their price target on shares of Teekay Tankers from $72.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. Finally, Fearnley Fonds upgraded Teekay Tankers to a "strong-buy" rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $63.67.

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.

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