LSV Asset Management Sells 284,100 Shares of Tsakos Energy Navigation Ltd. (TNP)

LSV Asset Management lowered its holdings in Tsakos Energy Navigation Ltd. (NYSE:TNP) by 13.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,756,374 shares of the shipping company’s stock after selling 284,100 shares during the period. LSV Asset Management owned approximately 2.07% of Tsakos Energy Navigation worth $6,867,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TNP. Ameriprise Financial Inc. lifted its holdings in shares of Tsakos Energy Navigation by 7.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 29,339 shares of the shipping company’s stock worth $141,000 after acquiring an additional 2,104 shares during the period. WFG Advisors LP lifted its holdings in shares of Tsakos Energy Navigation by 0.3% during the 2nd quarter. WFG Advisors LP now owns 51,763 shares of the shipping company’s stock worth $248,000 after acquiring an additional 156 shares during the period. Virtu KCG Holdings LLC lifted its holdings in shares of Tsakos Energy Navigation by 65.2% during the 2nd quarter. Virtu KCG Holdings LLC now owns 52,120 shares of the shipping company’s stock worth $250,000 after acquiring an additional 20,577 shares during the period. State Street Corp lifted its holdings in shares of Tsakos Energy Navigation by 15.7% during the 2nd quarter. State Street Corp now owns 112,100 shares of the shipping company’s stock worth $538,000 after acquiring an additional 15,231 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of Tsakos Energy Navigation by 4.4% during the 2nd quarter. Stifel Financial Corp now owns 264,892 shares of the shipping company’s stock worth $1,273,000 after acquiring an additional 11,238 shares during the period. 25.81% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on TNP. Jefferies Group reaffirmed a “buy” rating and set a $6.00 price target on shares of Tsakos Energy Navigation in a report on Monday, October 16th. Stifel Nicolaus set a $7.00 price target on shares of Tsakos Energy Navigation and gave the stock a “buy” rating in a report on Sunday, October 29th. Maxim Group set a $6.00 price target on shares of Tsakos Energy Navigation and gave the stock a “buy” rating in a report on Thursday, November 30th. ValuEngine downgraded shares of Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, Zacks Investment Research downgraded shares of Tsakos Energy Navigation from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 20th. Three analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $5.36.

Tsakos Energy Navigation Ltd. (NYSE:TNP) opened at $3.21 on Monday. The company has a market cap of $270.83, a P/E ratio of 16.05, a P/E/G ratio of 2.96 and a beta of 1.33. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 0.99. Tsakos Energy Navigation Ltd. has a 52 week low of $3.11 and a 52 week high of $5.27.

Tsakos Energy Navigation (NYSE:TNP) last issued its quarterly earnings data on Thursday, November 30th. The shipping company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.02). The company had revenue of $96.92 million during the quarter, compared to the consensus estimate of $101.62 million. Tsakos Energy Navigation had a net margin of 5.64% and a return on equity of 2.02%. equities analysts expect that Tsakos Energy Navigation Ltd. will post -0.04 earnings per share for the current year.

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About Tsakos Energy Navigation

Tsakos Energy Navigation Ltd is a provider of international seaborne crude oil and petroleum product transportation services. The Company operates through maritime transportation of liquid energy related products segment. The Company consists of 65 double-hull vessels, constituting a mix of crude tankers, product tankers and liquefied natural gas (LNG) carriers, totaling 7.2 million deadweight.

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Institutional Ownership by Quarter for Tsakos Energy Navigation (NYSE:TNP)

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