Published on 24 Nov 2023 on Simply Wall St. via Yahoo Finance
Teekay Tankers Ltd. (NYSE:TNK) is largely controlled by institutional shareholders who own 50% of...
Key Insights
Given the large stake in the stock by institutions, Teekay Tankers' stock price might be vulnerable to their trading decisionsA total of 11 investors have a majority stake in the company with 51% ownershipUsing data from analyst forecasts alongside ownership research, one can better assess the future performance of a company
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. With 50% stake, institutions possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.