Teekay Lng Partners L.P. (NYSE:TGP).
Thornburg Investment Management Inc says it increased its investment in Teekay Lng Partners L.P. shares by 10.6% in its quarterly SEC filing. Its position stood at $35,567,000 an increase of $7,840,000 according to the filing.
Thornburg Investment Management Inc isn’t the only one who has changed their investment in TGP. As of quarter end Oppenheimerfunds, Inc. had bought a total of 57,000 shares growing its position 1.1%. The value of the investment in TGP increased from $76,906,000 to $90,195,000 increasing 17.3% quarter over quarter. As of the end of the quarter Raymond James & Associates had disposed of 4,631 shares trimming its stake by 16.0%. The value of the investment in (TGP) went from $444,000 to $432,000 a change of $12,000 for the reporting period.
As of quarter end Marshall Wace LLP had sold a total of 201,765 shares trimming its holdings by 42.2%. The value of the investment in Teekay Lng Partners L.P. went from $7,169,000 to $4,972,000 a change of 30.6% since the last quarter.
October 13 investment analysts at Stifel Nicolaus made no change to the company rating of “Hold” with a current price target of $16.00.
The company is so far trading up by 1.75% percent from yesterday’s close. The most current P/E ratio is 21.03 and market cap is 1.39B. In the latest earnings report the EPS was $0.83 with 79.63M shares currently outstanding.
Investors are more bearish on Teekay Lng Partners L.P. if you watch the rise in short interest. The company recorded a rise in short interest of 20.44% as of October 13, 2017 from the last reporting period. Short interest increased 137,279 over that timeframe. The days to cover increased to 8.0 and the percentage of shorted shares is 0.01% as of October 13.