105,000 Shares in Teekay Corporation Ltd. $TK Purchased by Hussman Strategic Advisors Inc.

Key Points

• Hussman Strategic Advisors purchased a new position of 105,000 shares of Teekay in Q4, valued at about $948,000 and representing roughly 0.11% of the company.
• Other institutional investors also added stakes, leaving about 46.73% of Teekay owned by institutional investors and hedge funds.
• Analyst sentiment cooled as Wall Street Zen downgraded Teekay to a "Hold"; the stock trades near $13.45 with a market cap of $1.16 billion, a P/E of 11.9 and reported EPS of $0.37 for the last quarter.

Hussman Strategic Advisors Inc. purchased a new position in Teekay Corporation Ltd. (NYSE:TK - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 105,000 shares of the shipping company's stock, valued at approximately $948,000. Hussman Strategic Advisors Inc. owned approximately 0.11% of Teekay as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Teekay by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,460 shares of the shipping company's stock worth $213,000 after purchasing an additional 1,404 shares in the last quarter. CWM LLC grew its stake in Teekay by 34.2% in the fourth quarter. CWM LLC now owns 5,684 shares of the shipping company's stock worth $51,000 after purchasing an additional 1,449 shares in the last quarter. Bell & Brown Wealth Advisors LLC grew its stake in Teekay by 0.9% in the third quarter. Bell & Brown Wealth Advisors LLC now owns 202,552 shares of the shipping company's stock worth $1,657,000 after purchasing an additional 1,899 shares in the last quarter. Fisher Asset Management LLC grew its stake in Teekay by 3.8% in the third quarter. Fisher Asset Management LLC now owns 52,500 shares of the shipping company's stock worth $429,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Ritholtz Wealth Management grew its stake in Teekay by 1.4% in the fourth quarter. Ritholtz Wealth Management now owns 154,498 shares of the shipping company's stock worth $1,395,000 after purchasing an additional 2,177 shares in the last quarter. 46.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Teekay from a "buy" rating to a "hold" rating in a research note on Sunday, March 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold".

Teekay Stock Down 0.1%

Shares of TK stock opened at $13.45 on Monday. The business has a 50 day moving average of $12.35 and a two-hundred day moving average of $10.63. Teekay Corporation Ltd. has a 52 week low of $7.11 and a 52 week high of $13.76. The company has a market cap of $1.16 billion, a P/E ratio of 11.90 and a beta of 0.23.

Teekay (NYSE:TK - Get Free Report) last issued its earnings results on Friday, March 13th. The shipping company reported $0.37 EPS for the quarter. Teekay had a return on equity of 4.76% and a net margin of 10.33%.The company had revenue of $243.09 million during the quarter.

About Teekay

Teekay Corporation NYSE: TK is a global provider of marine transportation and offshore production solutions for the energy industry. Founded in 1973 and headquartered in Vancouver, Canada, Teekay designs, owns and operates a diversified fleet of tankers and floating production, storage and offloading (FPSO) units. The company specializes in the movement and storage of crude oil, liquefied natural gas (LNG) and liquefied petroleum gas (LPG), offering integrated services that range from tanker transport to offshore production and marine maintenance.

Teekay's core business is organized into three operating segments.

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