Should You Already Consider Disposing Your Teekay LNG (TGP-PB) Shares?

Horos Asset Management, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. Since the inception of Horos (May 21, 2018), Horos Value Internacional has returned 20.6%, below the 60.4% gain of its benchmark, while Horos Value Iberia has returned 10.2%, outperforming the 1.3% gain of its index. Moreover, since 2012, returns stand at 195% for the international strategy and 176% for the Iberian strategy, compared to 230% and 71% in their benchmark indices, respectively. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Horos Asset Management, in its Q4 2021 investor letter, mentioned Teekay LNG Partners L.P. (NYSE:TGP-PB) and discussed its stance on the firm. Founded in 2005, Teekay LNG Partners L.P. (NYSE:TGP-PB) is a Bermuda-based marine energy transportation, storage & production company with a $1.1 billion market capitalization, and is currently spearheaded by its CEO, Kenneth Hvid. The stock closed at $25.53 per share on March 28, 2022.

Here is what Horos Asset Management has to say about Teekay LNG Partners L.P. (NYSE:TGP-PB) in its Q4 2021 investor letter:

“This quarter we sold our entire stakes in Teekay LNG. Among others, we can highlight that at Horos Value Internacional we exited our positions in Teekay LNG, following the takeover bid received from Stonepeak. Regarding the former, we already mentioned in our previous letter that we had taken advantage of the takeover bid launched by Stonepeak to sell our position.

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Our calculations show that Teekay LNG Partners L.P. (NYSE:TGP-PB) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Teekay LNG Partners L.P. (NYSE:TGP-PB) was in 13 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 10 funds in the previous quarter. In January 2022, we also shared another hedge fund’s views on Teekay LNG Partners L.P. (NYSE:TGP-PB) in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.