4 hedge funds buy Tsakos Energy Navigation Limited (TNP) for the first time

Tsakos Energy Navigation Limited (NYSE:TNP) has made a -5.19% comeback from a 12-month low price of $4.05. It was seen -7.25% lower, changing the price to $3.84, when the closing bell rang on 11/30/2017. At recent session, the prices were hovering between $3.82 and $4.2. This company shares are 53.65% off its target price of $5.9 and the current market capitalization stands at $318.6M. The recent change has given its price a -14.04% deficit over SMA 50 and -27.27% deficit over its 52-week high. The stock witnessed -14.48% declines, -14.67% declines and -10.28% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TNP’s volatility during a week at 4.01% and during a month it has been found around 2.94%.

Tsakos Energy Navigation Limited (TNP) Top Holders

Institutional investors currently hold around $92 million or 29.1% in TNP stock. Look at its top three institutional owners. Kopernik Global Investors, Llc owns $19.74 million in Tsakos Energy Navigation Limited, which represents roughly 6.19% of the company’s market cap and approximately 21.45% of the institutional ownership. Similar statistics are true for the second largest owner, Renaissance Technologies Llc, which owns 2,417,300 shares of the stock are valued at $10.01 million. The third largest holder is Russell Investments Group, Ltd., which currently holds $9.9 million worth of this stock and that ownership represents nearly 3.11% of its market capitalization.

Tsakos Energy Navigation Limited 13F Filings

At the end of 09/30/2017 reporting period, 30 institutional holders increased their position in Tsakos Energy Navigation Limited (NYSE:TNP) by some 2,259,085 shares, 35 decreased positions by 2,059,476 and 15 held positions by 17,797,752. That puts total institutional holdings at 22,116,313 shares, according to SEC filings. The stock grabbed 4 new institutional investments totaling 133,015 shares while 18 institutional investors sold out their entire positions totaling 574,804 shares.

Tsakos Energy Navigation Limited (TNP) Analyst Guide

Several analysts have released their opinion on Tsakos Energy Navigation Limited (NYSE:TNP), with 6 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.31 average brokerage recommendation.

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