ExodusPoint Capital Management LP Purchases 12,124 Shares of Tsakos Energy Navigation Limited (NYSE:TNP)

ExodusPoint Capital Management LP increased its position in shares of Tsakos Energy Navigation Limited (NYSE:TNP) by 68.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,962 shares of the shipping company’s stock after purchasing an additional 12,124 shares during the period. ExodusPoint Capital Management LP owned 0.10% of Tsakos Energy Navigation worth $582,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Millennium Management LLC raised its holdings in Tsakos Energy Navigation by 89.6% during the fourth quarter. Millennium Management LLC now owns 1,048,370 shares of the shipping company’s stock valued at $17,749,000 after acquiring an additional 495,349 shares during the period. Two Sigma Investments LP grew its holdings in Tsakos Energy Navigation by 20.6% during the 4th quarter. Two Sigma Investments LP now owns 447,857 shares of the shipping company’s stock valued at $7,582,000 after buying an additional 76,457 shares in the last quarter. Marshall Wace LLP raised its position in shares of Tsakos Energy Navigation by 171.1% during the fourth quarter. Marshall Wace LLP now owns 430,527 shares of the shipping company’s stock valued at $7,289,000 after buying an additional 271,733 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Tsakos Energy Navigation by 71.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 375,885 shares of the shipping company’s stock worth $6,364,000 after buying an additional 156,989 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of Tsakos Energy Navigation by 5.2% during the third quarter. Two Sigma Advisers LP now owns 365,800 shares of the shipping company’s stock worth $5,586,000 after acquiring an additional 18,200 shares during the last quarter. Hedge funds and other institutional investors own 21.18% of the company’s stock.

Tsakos Energy Navigation Trading Up 0.2 %

Shares of TNP stock opened at $19.72 on Thursday. The company has a market cap of $581.94 million, a PE ratio of 1.71 and a beta of 0.14. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.39 and a quick ratio of 1.32. The stock’s 50 day simple moving average is $19.69 and its two-hundred day simple moving average is $19.13. Tsakos Energy Navigation Limited has a 1 year low of $14.36 and a 1 year high of $24.78.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $28.00 price target on shares of Tsakos Energy Navigation in a research note on Thursday, August 31st. StockNews.com initiated coverage on Tsakos Energy Navigation in a report on Friday, August 18th. They set a “buy” rating on the stock.

Tsakos Energy Navigation Profile

Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. It also operates a fleet of double-hull vessels, comprising of conventional tankers, LNG carriers, and suezmax DP2 shuttle tankers.