Sagil Capital LLP boosted its position in Tsakos Energy Navigation Ltd (NYSE:TEN – Free Report) by 13.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 861,366 shares of the company’s stock after purchasing an additional 103,801 shares during the period. Tsakos Energy Navigation comprises 4.4% of Sagil Capital LLP’s investment portfolio, making the stock its 4th biggest position. Sagil Capital LLP owned approximately 2.86% of Tsakos Energy Navigation worth $19,312,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Tsakos Energy Navigation by 602.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 829,437 shares of the company’s stock worth $15,917,000 after acquiring an additional 711,313 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Tsakos Energy Navigation by 347.1% in the third quarter. Millennium Management LLC now owns 287,149 shares of the company’s stock worth $6,380,000 after acquiring an additional 222,931 shares during the last quarter. Jump Financial LLC raised its holdings in shares of Tsakos Energy Navigation by 693.1% in the second quarter. Jump Financial LLC now owns 124,223 shares of the company’s stock worth $2,384,000 after acquiring an additional 108,561 shares during the last quarter. UBS Group AG raised its holdings in shares of Tsakos Energy Navigation by 1.8% in the third quarter. UBS Group AG now owns 115,500 shares of the company’s stock worth $2,566,000 after acquiring an additional 2,089 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Tsakos Energy Navigation by 153.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 100,494 shares of the company’s stock worth $2,253,000 after acquiring an additional 60,783 shares during the last quarter. Hedge funds and other institutional investors own 19.24% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on TEN. Weiss Ratings reissued a “hold (c)” rating on shares of Tsakos Energy Navigation in a report on Wednesday, April 8th. Wall Street Zen raised Tsakos Energy Navigation from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Tsakos Energy Navigation currently has an average rating of “Hold” and a consensus price target of $29.50.
Tsakos Energy Navigation Price Performance
Shares of NYSE:TEN opened at $37.11 on Friday. The company has a market cap of $1.12 billion, a P/E ratio of 6.04 and a beta of -0.30. The company has a quick ratio of 0.92, a current ratio of 0.95 and a debt-to-equity ratio of 0.87. Tsakos Energy Navigation Ltd has a 52 week low of $18.10 and a 52 week high of $45.85. The business has a fifty day simple moving average of $40.12 and a 200-day simple moving average of $32.45.
Tsakos Energy Navigation (NYSE:TEN – Get Free Report) last announced its quarterly earnings data on Thursday, May 21st. The company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.65. The business had revenue of $223.12 million during the quarter, compared to the consensus estimate of $208.77 million. Tsakos Energy Navigation had a return on equity of 23.26% and a net margin of 24.81%.
Insider Activity at Tsakos Energy Navigation
In other Tsakos Energy Navigation news, CEO Nikolaos Tsakos acquired 12,500 shares of the stock in a transaction dated Tuesday, April 28th. The stock was acquired at an average price of $39.92 per share, with a total value of $499,000.00. Following the completion of the transaction, the chief executive officer directly owned 906,000 shares in the company, valued at approximately $36,167,520. This trade represents a 1.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.41% of the stock is currently owned by corporate insiders.
Tsakos Energy Navigation Profile
Tsakos Energy Navigation Ltd. (NYSE: TEN) is an international shipping company specializing in the transportation of crude oil and refined petroleum products. Founded in 1993 by Nikolas P. Tsakos, the company has built a reputation for operating a modern, well-maintained fleet of double-hull tankers. Tsakos Energy Navigation is organized around both ownership and technical management of vessels, offering chartering, commercial operations and crew services under one umbrella.
The company’s fleet consists primarily of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium-range (MR) and Handy product carriers.
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