As Teekay Lng Partners LP (TGP) Market Value Declined, Greenlight Capital INC Lifted Stake by $4.89 Million

Teekay LNG Partners L.P. (NYSE:TGP) Logo

Greenlight Capital Inc increased its stake in Teekay Lng Partners LP (TGP) by 69.85% based on its latest 2019Q2 regulatory filing with the SEC. Greenlight Capital Inc bought 349,274 shares as the company’s stock declined 2.03% . The hedge fund held 849,274 shares of the marine transportation company at the end of 2019Q2, valued at $11.98M, up from 500,000 at the end of the previous reported quarter. Greenlight Capital Inc who had been investing in Teekay Lng Partners LP for a number of months, seems to be bullish on the $1.26 billion market cap company. The stock decreased 0.19% or $0.03 during the last trading session, reaching $16.02. About 44,382 shares traded. Teekay LNG Partners L.P. (NYSE:TGP) has declined 11.83% since September 13, 2018 and is downtrending. It has underperformed by 11.83% the S&P500.

Greenlight Capital Inc, which manages about $11.41 billion and $1.36 billion US Long portfolio, decreased its stake in General Mtrs Co (NYSE:GM) by 3.26 million shares to 5.86 million shares, valued at $225.81 million in 2019Q2, according to the filing. It also reduced its holding in Altice Usa Inc by 924,800 shares in the quarter, leaving it with 3.19 million shares, and cut its stake in Aercap Holdings Nv (NYSE:AER).

More notable recent Teekay LNG Partners L.P. (NYSE:TGP) news were published by: Seekingalpha.com which released: “Teekay LNG Partners: Last Chance To Buy Under $20? – Seeking Alpha” on September 27, 2018, also Globenewswire.com with their article: “Teekay LNG Partners Announces $100 Million Common Unit Repurchase Program and Results of Special Meeting – GlobeNewswire” published on December 19, 2018, Gurufocus.com published: “David Einhorn Buys Teekay LNG Partners, Boosts Energy Holdings in 1st Quarter – GuruFocus.com” on May 16, 2019. More interesting news about Teekay LNG Partners L.P. (NYSE:TGP) were released by: Globenewswire.com and their article: “Teekay LNG Partners Reports Second Quarter 2019 Results – GlobeNewswire” published on August 01, 2019 as well as Globenewswire.com‘s news article titled: “Teekay LNG Partners Declares 36 Percent Increase in Common Unit Distribution and Secures New 3-Year Charter – GlobeNewswire” with publication date: April 24, 2019.

Teekay LNG Partners L.P. (NYSE:TGP) Ratings Chart

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