Teekay Tankers Ltd. (NYSE:TNK) marched up 28.74% compared to a 52-week low price of $0.87. The shares were last seen trading -5.08% lower, taking the closing price at $1.12 on 5/31/2019. At a recent session, the prices were hovering between $1.15 and $1.2. This company shares are 24.11% off its target price of $1.39 and the current market capitalization stands at $291.65M. The recent change has given its price a 0.64% lead over SMA 50 and -21.13% deficit over its 52-week high. The stock witnessed 3.7% gains, 3.7% gains and -2.61% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TNK’s volatility during a week at 6.25% and during a month it has been found around 6.09%.

Teekay Tankers Ltd. (TNK) Top Holders

Institutional investors currently hold around $76 million or 36.7% in TNK stock. Look at its top three institutional owners: Blackrock Inc. owns $16.87 million in Teekay Tankers Ltd., which represents roughly 5.78% of the company’s market cap and approximately 22.2% of the institutional ownership. Similar statistics are true for the second largest owner, Huber Capital Management Llc, which owns 7,903,412 shares of the stock are valued at $9.33 million. The third largest holder is Ameriprise Financial Inc, which currently holds $5.89 million worth of this stock and that ownership represents nearly 2.02% of its market capitalization.

Teekay Tankers Ltd. 13F Filings

At the end of March reporting period, 41 institutional holders increased their position in Teekay Tankers Ltd. (NYSE:TNK) by some 5,798,096 shares, 32 decreased positions by 10,198,763 and 29 held positions by 48,470,240. That puts total institutional holdings at 64,467,099 shares, according to SEC filings. The stock grabbed 11 new institutional investments totaling 1,141,209 shares while 10 institutional investors sold out their entire positions totaling 313,006 shares.

Teekay Tankers Ltd. (TNK) Analyst Guide

Several analysts have released their opinion on Teekay Tankers Ltd. (NYSE:TNK), with 2 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 1 buy, 2 sell and 0 strong sell ratings, collectively assigning a 2.62 average brokerage recommendation [T1].