Russell Investments Group Ltd. Sells 94,869 Shares of Tsakos Energy Navigation Limited (NYSE:TNP)

Russell Investments Group Ltd. lowered its holdings in shares of Tsakos Energy Navigation Limited (NYSE:TNP – Get Rating) by 51.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 89,750 shares of the shipping company’s stock after selling 94,869 shares during the period. Russell Investments Group Ltd.’s holdings in Tsakos Energy Navigation were worth $1,519,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TNP. Altshuler Shaham Ltd bought a new position in shares of Tsakos Energy Navigation during the third quarter valued at $46,000. Royal Bank of Canada raised its stake in shares of Tsakos Energy Navigation by 100.9% during the third quarter. Royal Bank of Canada now owns 4,182 shares of the shipping company’s stock valued at $64,000 after acquiring an additional 2,100 shares during the last quarter. Barclays PLC raised its stake in shares of Tsakos Energy Navigation by 112,940.0% during the third quarter. Barclays PLC now owns 5,652 shares of the shipping company’s stock valued at $86,000 after acquiring an additional 5,647 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Tsakos Energy Navigation during the first quarter valued at $108,000. Finally, Walleye Capital LLC bought a new position in shares of Tsakos Energy Navigation during the second quarter valued at $147,000. Institutional investors own 36.87% of the company’s stock.

Tsakos Energy Navigation Price Performance

Shares of NYSE TNP opened at $17.76 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.39 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $524.10 million, a PE ratio of 3.04 and a beta of 0.09. The firm has a fifty day simple moving average of $18.05 and a 200 day simple moving average of $18.48. Tsakos Energy Navigation Limited has a twelve month low of $8.40 and a twelve month high of $24.78.

Tsakos Energy Navigation (NYSE:TNP – Get Rating) last posted its quarterly earnings results on Thursday, March 16th. The shipping company reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.07. The business had revenue of $224.12 million during the quarter, compared to analysts’ expectations of $225.00 million. Tsakos Energy Navigation had a net margin of 23.74% and a return on equity of 28.46%. On average, sell-side analysts forecast that Tsakos Energy Navigation Limited will post 9.15 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on TNP. StockNews.com downgraded shares of Tsakos Energy Navigation from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. TheStreet raised shares of Tsakos Energy Navigation from a “c+” rating to a “b” rating in a research note on Thursday, April 27th. Finally, Jefferies Financial Group lifted their target price on shares of Tsakos Energy Navigation from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, March 7th.

About Tsakos Energy Navigation

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Tsakos Energy Navigation Ltd. engages in the provision of seaborne crude oil and petroleum product transportation services. Its activities include the operation of crude tankers, product tankers, and liquefied natural gas carriers. The company was founded by Nikolas P. Tsakos and Michael Gordon Jolliffee in July 1993 and is headquartered in Athens, Greece.