Teekay Tankers Ltd. (TNK) Forms $1.31 Double Bottom; Trinity Place Holdings Has 1.47 Sentiment

Teekay Tankers Ltd. (NYSE:TNK) Logo

Trinity Place Holdings Inc (TPHS) investors sentiment increased to 1.47 in Q1 2018. It’s up 0.41, from 1.06 in 2017Q4. The ratio is better, as 22 active investment managers opened new or increased holdings, while 15 reduced and sold their stock positions in Trinity Place Holdings Inc. The active investment managers in our database reported: 18.70 million shares, up from 18.50 million shares in 2017Q4. Also, the number of active investment managers holding Trinity Place Holdings Inc in top ten holdings was flat from 2 to 2 for the same number . Sold All: 5 Reduced: 10 Increased: 16 New Position: 6.

Teekay Tankers Ltd. (TNK) formed double bottom with $1.21 target or 8.00% below today’s $1.31 share price. Teekay Tankers Ltd. (TNK) has $351.81M valuation. The stock increased 5.65% or $0.07 during the last trading session, reaching $1.31. About 4.10M shares traded or 225.27% up from the average. Teekay Tankers Ltd. (NYSE:TNK) has declined 49.53% since June 24, 2017 and is downtrending. It has underperformed by 62.10% the S&P500. Some Historical TNK News: 17/05/2018 – Teekay Tankers 1Q Adj Loss/Shr $0.08; 17/05/2018 – Teekay Tankers 1Q Rev $168.465M; 17/04/2018 – Teekay Tankers Closes Above 50-Day Moving Average: Technicals; 17/05/2018 – Teekay Tankers 1Q Loss $0.07; 17/05/2018 – TEEKAY TANKERS LTD – DECIDED TO ELIMINATE MINIMUM DIVIDEND PAYMENT, WHICH WILL RESULT IN RETAINING APPROXIMATELY $32 MLN OF CASH FLOW ANNUALLY; 16/03/2018 Teekay Tankers Announces Changes to Board Audit Committee; 16/03/2018 – Teekay Tankers Announces Changes to Bd Audit Committee; 17/05/2018 – TEEKAY TANKERS LTD TNK.N – QTRLY TOTAL GAAP REVENUES $168.5 MLN VS $130.5 MLN; 27/03/2018 – Teekay Tankers Presenting at Conference Apr 20; 19/04/2018 – Teekay Tankers Presenting at Conference Tomorrow

Since January 1, 0001, it had 11 buys, and 4 insider sales for $349,900 activity.

The stock increased 1.59% or $0.11 during the last trading session, reaching $7.02. About 97,508 shares traded or 476.19% up from the average. Trinity Place Holdings Inc. (TPHS) has risen 6.06% since June 24, 2017 and is uptrending. It has underperformed by 6.51% the S&P500. Some Historical TPHS News: 27/04/2018 – TABLE-Trinity Industrial 6382.T -2017/18 group results; 21/05/2018 – Faith, Fashion And a Trinity Of Viewpoints; 05/03/2018 – Trinity Mirror rebrands as […]; 13/03/2018 – HK Bourse: Announcement From Trinity Ltd; 26/03/2018 – TRINITY LTD 0891.HK -FY LOSS ATTRIBUTABLE HK$ 608.3 MLN VS HK$ 441.5 MLN; 15/05/2018 – B. Riley FBR Acts as Sole Book-Running Manager of $300 Million SPAC Initial Public Offering for Trinity Merger Corp; 15/05/2018 – TRINITY MERGER REPORTS PRICING OF $300M IPO; 23/03/2018 – AGRISOLUTIONS BUYS TRINITY; 17/05/2018 – TRINITY LTD 0891.HK – QIU YAFU, A NON-EXECUTIVE DIRECTOR, WILL BE APPOINTED TO SUCCEED VICTOR FUNG KWOK KING AS BOARD CHAIRMAN; 26/03/2018 – TRINITY DOESN’T PROPOSE DIVIDEND

Marcato Capital Management Lp holds 3.93% of its portfolio in Trinity Place Holdings Inc. for 3.82 million shares. Price Michael F owns 4.46 million shares or 3.44% of their US portfolio. Moreover, Third Avenue Management Llc has 1.63% invested in the company for 4.92 million shares. The New Jersey-based Bulldog Investors Llc has invested 0.37% in the stock. Boyar Asset Management Inc., a New York-based fund reported 23,882 shares.

Trinity Place Holdings Inc., a real estate holding, investment, and asset management company, owns, invest in, manages, develops, and/or redevelops real estate assets and/or real estate related securities in the United States. The company has market cap of $222.03 million. The firm focuses on the monetization of commercial real estate properties and controls intellectual property assets focused on the consumer sector. It currently has negative earnings. The Company’s principal asset is located at 77 Greenwich Street in Lower Manhattan.

Among 11 analysts covering Teekay Tankers (NYSE:TNK), 5 have Buy rating, 1 Sell and 5 Hold. Therefore 45% are positive. Teekay Tankers has $10.0 highest and $1.1 lowest target. $4.88’s average target is 272.52% above currents $1.31 stock price. Teekay Tankers had 21 analyst reports since September 4, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Tuesday, December 8 by Credit Agricole. The stock of Teekay Tankers Ltd. (NYSE:TNK) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, April 25. The stock of Teekay Tankers Ltd. (NYSE:TNK) has “Buy” rating given on Thursday, October 22 by UBS. The stock of Teekay Tankers Ltd. (NYSE:TNK) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, June 13. JP Morgan downgraded Teekay Tankers Ltd. (NYSE:TNK) on Tuesday, January 12 to “Underweight” rating. The stock has “Hold” rating by UBS on Monday, February 26. JP Morgan upgraded the stock to “Neutral” rating in Thursday, April 7 report. The firm earned “Buy” rating on Friday, September 4 by UBS. Morgan Stanley maintained Teekay Tankers Ltd. (NYSE:TNK) on Monday, February 12 with “Equal-Weight” rating. As per Wednesday, March 2, the company rating was initiated by Danske Bank.

Trinity Place Holdings Inc. (NYSEAMERICAN:TPHS) Institutional Positions Chart