Jane Street Group LLC purchased a new position in Teekay Lng Partners, L.P. (NYSE:TGP) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,360 shares of the shipping company’s stock, valued at approximately $169,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Valmark Advisers Inc. lifted its position in shares of Teekay Lng Partners by 12.5% in the fourth quarter. Valmark Advisers Inc. now owns 15,199 shares of the shipping company’s stock worth $167,000 after purchasing an additional 1,690 shares in the last quarter. Banco de Sabadell S.A lifted its position in shares of Teekay Lng Partners by 188.1% in the third quarter. Banco de Sabadell S.A now owns 6,914 shares of the shipping company’s stock worth $112,000 after purchasing an additional 4,514 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Teekay Lng Partners in the fourth quarter worth approximately $116,000. Virtu Financial LLC purchased a new stake in shares of Teekay Lng Partners in the fourth quarter worth approximately $121,000. Finally, LPL Financial LLC purchased a new stake in shares of Teekay Lng Partners in the third quarter worth approximately $218,000. 31.32% of the stock is owned by institutional investors and hedge funds.
Shares of TGP stock opened at $14.98 on Friday. Teekay Lng Partners, L.P. has a 12 month low of $10.74 and a 12 month high of $18.80. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 19.71 and a beta of 1.57.
Teekay Lng Partners (NYSE:TGP) last announced its quarterly earnings results on Thursday, February 21st. The shipping company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Teekay Lng Partners had a net margin of 11.19% and a return on equity of 5.01%. The company had revenue of $143.28 million for the quarter, compared to analyst estimates of $138.17 million. On average, sell-side analysts anticipate that Teekay Lng Partners, L.P. will post 1.85 earnings per share for the current fiscal year.
Several equities analysts recently weighed in on the stock. TheStreet lowered shares of Teekay Lng Partners from a “c” rating to a “d+” rating in a research report on Friday, February 22nd. ValuEngine raised shares of Teekay Lng Partners from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. Zacks Investment Research lowered shares of Teekay Lng Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, February 27th. Finally, Morgan Stanley raised shares of Teekay Lng Partners from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $17.50 to $16.00 in a research report on Tuesday, January 22nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Teekay Lng Partners has an average rating of “Hold” and an average price target of $17.00.
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Teekay Lng Partners Profile
Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil worldwide. The company operates through two segments, Liquefied Gas and Conventional Tanker. It transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia.
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