Fmr LLC Decreases Stock Holdings in Teekay Lng Partners, L.P. (NYSE:TGP)

FMR LLC lowered its position in Teekay Lng Partners, L.P. (NYSE:TGP) by 0.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,968,616 shares of the shipping company’s stock after selling 1,385 shares during the period. FMR LLC owned approximately 10.01% of Teekay Lng Partners worth $119,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TGP. Thornburg Investment Management Inc. raised its stake in shares of Teekay Lng Partners by 18.8% during the first quarter. Thornburg Investment Management Inc. now owns 3,794,476 shares of the shipping company’s stock valued at $56,765,000 after acquiring an additional 601,453 shares in the last quarter. Beach Investment Counsel Inc. PA raised its stake in Teekay Lng Partners by 85.7% in the first quarter. Beach Investment Counsel Inc. PA now owns 1,236,547 shares of the shipping company’s stock worth $18,499,000 after buying an additional 570,588 shares in the last quarter. Royce & Associates LP raised its stake in Teekay Lng Partners by 30.5% in the fourth quarter. Royce & Associates LP now owns 794,680 shares of the shipping company’s stock worth $8,757,000 after buying an additional 185,500 shares in the last quarter. Hsbc Holdings PLC bought a new position in Teekay Lng Partners in the fourth quarter worth approximately $1,938,000. Finally, Rafferty Asset Management LLC bought a new position in Teekay Lng Partners in the fourth quarter worth approximately $1,515,000. 28.96% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine raised shares of Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.00.

Shares of TGP traded down $0.02 during trading hours on Thursday, reaching $15.55. 204,400 shares of the company traded hands, compared to its average volume of 240,539. Teekay Lng Partners, L.P. has a 12-month low of $10.74 and a 12-month high of $17.50. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.99. The company has a market capitalization of $1.24 billion, a PE ratio of 20.45 and a beta of 1.51. The stock has a fifty day simple moving average of $13.91.

Teekay Lng Partners (NYSE:TGP) last posted its quarterly earnings results on Thursday, May 23rd. The shipping company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $149.74 million for the quarter, compared to analyst estimates of $151.96 million. Teekay Lng Partners had a net margin of 10.92% and a return on equity of 5.75%. The firm’s revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 earnings per share. On average, analysts anticipate that Teekay Lng Partners, L.P. will post 1.88 EPS for the current fiscal year.

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 three segments: The Liquefied Natural Gas, The Liquefied Petroleum Gas, and The 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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Institutional Ownership by Quarter for Teekay Lng Partners (NYSE:TGP)

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