Sumitomo Mitsui Trust Holdings reduced its stake in Teekay Tankers by 41.5% in Q2.

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in Teekay Tankers Ltd by 41.5% in the second quarter, selling 5,210 shares. Other major investors also adjusted their positions, as they hold 52.67% of the company's stock. Despite Teekay Tankers' Q2 earnings per share missing analysts' consensus estimates, the shipping company's market cap is $1.91bn, with a P/E ratio of 3.97.

August 25, 2024
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