Envestnet Asset Management Inc. bought a new position in Teekay Co. (NYSE:TK - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 100,372 shares of the shipping company's stock, valued at approximately $696,000. Envestnet Asset Management Inc. owned about 0.11% of Teekay as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Teekay by 2.5% during the third quarter. Geode Capital Management LLC now owns 803,936 shares of the shipping company's stock valued at $7,452,000 after acquiring an additional 19,961 shares during the last quarter. Barclays PLC boosted its stake in shares of Teekay by 267.9% during the 3rd quarter. Barclays PLC now owns 80,046 shares of the shipping company's stock worth $736,000 after purchasing an additional 58,290 shares during the period. Principal Financial Group Inc. grew its holdings in Teekay by 23.0% during the 3rd quarter. Principal Financial Group Inc. now owns 27,903 shares of the shipping company's stock valued at $257,000 after purchasing an additional 5,223 shares during the last quarter. JPMorgan Chase & Co. raised its position in Teekay by 108.8% in 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 during the period. Finally, Diversified Trust Co lifted its stake in Teekay by 13.2% in the fourth quarter. Diversified Trust Co now owns 16,090 shares of the shipping company's stock worth $112,000 after purchasing an additional 1,879 shares during the last quarter. 46.73% of the stock is currently owned by institutional investors.
Teekay Price Performance
Shares of NYSE:TK traded down $0.27 during trading hours on Thursday, hitting $7.61. 286,504 shares of the company's stock traded hands, compared to its average volume of 743,136. The business has a fifty day moving average price of $6.65 and a 200-day moving average price of $7.02. Teekay Co. has a 1 year low of $5.65 and a 1 year high of $9.95. The firm has a market capitalization of $698.87 million, a P/E ratio of 5.40 and a beta of 0.37.
Teekay (NYSE:TK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The shipping company reported $0.19 EPS for the quarter. Teekay had a return on equity of 5.67% and a net margin of 10.96%. The company had revenue of $161.63 million for the quarter.
About Teekay
(
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.
Featured Stories
Before you consider Teekay, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Teekay wasn't on the list.
While Teekay currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
