Envestnet Asset Management Inc. Acquires Shares of 100,372 Teekay Co. (NYSE:TK)

Envestnet Asset Management Inc. acquired a new position in shares of Teekay Co. (NYSE:TK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 100,372 shares of the shipping company's stock, valued at approximately $696,000. Envestnet Asset Management Inc. owned approximately 0.11% of Teekay as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. R Squared Ltd bought a new position in shares of Teekay in the 4th quarter valued at about $27,000. New Age Alpha Advisors LLC bought a new stake in shares of Teekay in the 4th quarter valued at about $56,000. New York State Common Retirement Fund lifted its stake in Teekay by 53.4% in the 4th quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company's stock valued at $60,000 after purchasing an additional 3,000 shares during the last quarter. Denali Advisors LLC bought a new position in Teekay during the fourth quarter worth about $70,000. Finally, DAVENPORT & Co LLC acquired a new position in Teekay during the fourth quarter worth approximately $80,000. 46.73% of the stock is currently owned by institutional investors and hedge funds.

Teekay Trading Up 3.3 %

Shares of TK traded up $0.25 during mid-day trading on Monday, reaching $7.85. The company's stock had a trading volume of 1,226,194 shares, compared to its average volume of 743,443. Teekay Co. has a 1-year low of $5.65 and a 1-year high of $9.95. The business has a 50-day simple moving average of $6.59 and a two-hundred day simple moving average of $7.01. The stock has a market cap of $720.91 million, a P/E ratio of 5.57 and a beta of 0.47.

Teekay (NYSE:TK - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The shipping company reported $0.19 EPS for the quarter. The firm had revenue of $161.63 million during the quarter. Teekay had a net margin of 10.96% and a return on equity of 5.67%.

Teekay Profile

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.