Dauntless Investment Group LLC bought a new stake in shares of Teekay Co. (NYSE:TK - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 60,627 shares of the shipping company's stock, valued at approximately $420,000. Teekay makes up about 0.4% of Dauntless Investment Group LLC's portfolio, making the stock its 29th biggest position. Dauntless Investment Group LLC owned approximately 0.07% of Teekay as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Teekay by 108.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company's stock worth $6,489,000 after purchasing an additional 367,527 shares in the last quarter. Nisa Investment Advisors LLC purchased a new position in Teekay during the fourth quarter worth $295,000. MML Investors Services LLC acquired a new position in shares of Teekay in the third quarter worth $100,000. New York State Common Retirement Fund lifted its position in shares of Teekay by 53.4% in the fourth quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company's stock valued at $60,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Teekay by 7.6% during the fourth quarter. Principal Financial Group Inc. now owns 30,012 shares of the shipping company's stock valued at $208,000 after acquiring an additional 2,109 shares during the last quarter. Institutional investors and hedge funds own 46.73% of the company's stock.
Teekay Price Performance
NYSE:TK traded up $0.06 on Tuesday, reaching $7.12. The stock had a trading volume of 199,130 shares, compared to its average volume of 729,405. Teekay Co. has a 12-month low of $5.65 and a 12-month high of $9.95. The company has a market cap of $653.41 million, a price-to-earnings ratio of 5.04 and a beta of 0.47. The firm's fifty day moving average is $6.53 and its two-hundred day moving average is $7.05.
Teekay (NYSE:TK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The shipping company reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $161.63 million for the quarter. Teekay had a net margin of 10.96% and a return on equity of 5.67%.
Teekay Profile
(
Free Report)
Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services.
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