175,860 Shares in Teekay Lng Partners, L.P. (TGP) Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new stake in Teekay Lng Partners, L.P. (NYSE:TGP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 175,860 shares of the shipping company’s stock, valued at approximately $1,938,000.

Several other large investors also recently added to or reduced their stakes in the stock. Banco de Sabadell S.A boosted its position in Teekay Lng Partners by 188.1% during the 3rd quarter. Banco de Sabadell S.A now owns 6,914 shares of the shipping company’s stock worth $112,000 after acquiring an additional 4,514 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in Teekay Lng Partners during the 4th quarter worth about $116,000. Virtu Financial LLC acquired a new stake in Teekay Lng Partners during the 4th quarter worth about $121,000. LPL Financial LLC acquired a new stake in Teekay Lng Partners during the 3rd quarter worth about $218,000. Finally, Valmark Advisers Inc. lifted its holdings in shares of Teekay Lng Partners by 12.5% during the 4th quarter. Valmark Advisers Inc. now owns 15,199 shares of the shipping company’s stock valued at $167,000 after buying an additional 1,690 shares during the last quarter. Institutional investors and hedge funds own 31.44% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Teekay Lng Partners from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. ValuEngine lowered Teekay Lng Partners from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Jefferies Financial Group reiterated a “neutral” rating on shares of Teekay Lng Partners in a report on Tuesday, November 20th. TheStreet upgraded Teekay Lng Partners from a “d+” rating to a “c” rating in a report on Monday, November 26th. Finally, Stifel Nicolaus upgraded Teekay Lng Partners from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Wednesday, November 28th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $17.00.



Shares of TGP stock opened at $14.84 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.91. Teekay Lng Partners, L.P. has a twelve month low of $10.74 and a twelve month high of $19.09. The company has a market capitalization of $1.19 billion, a P/E ratio of 19.45 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 Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The company had revenue of $143.28 million during the quarter, compared to analyst estimates of $138.17 million. Teekay Lng Partners had a net margin of 11.19% and a return on equity of 5.01%. On average, research analysts forecast that Teekay Lng Partners, L.P. will post 1.83 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “175,860 Shares in Teekay Lng Partners, L.P. (TGP) Purchased by Hsbc Holdings PLC” was first published by Dakota Financial News and is owned by of Dakota Financial News. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://dakotafinancialnews.com/2019/03/20/175860-shares-in-teekay-lng-partners-l-p-tgp-purchased-by-hsbc-holdings-plc.html.

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.

See Also: How to execute a trade ex-dividend strategy?

Want to see what other hedge funds are holding TGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teekay Lng Partners, L.P. (NYSE:TGP).

Institutional Ownership by Quarter for Teekay Lng Partners (NYSE:TGP)

Receive News & Ratings for Teekay Lng Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teekay Lng Partners and related companies with MarketBeat.com's FREE daily email newsletter.