Published on 6 May 2024 on Simply Wall St. via Yahoo Finance
Teekay Tankers Ltd. (NYSE:TNK) is favoured by institutional owners who hold 52% of the company
Key Insights
Institutions' substantial holdings in Teekay Tankers implies that they have significant influence over the company's share price51% of the business is held by the top 10 shareholders Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business
To get a sense of who is truly in control of Teekay Tankers Ltd. (NYSE:TNK), it is important to understand the ownership structure of the business. And the group that holds the biggest piece of the pie are institutions with 52% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.