Squarepoint Ops LLC purchased a new position in shares of Teekay Co. (NYSE:TK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 59,912 shares of the shipping company's stock, valued at approximately $415,000. Squarepoint Ops LLC owned 0.07% of Teekay as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of the stock. Empowered Funds LLC purchased a new stake in shares of Teekay during the 4th quarter worth about $4,945,000. Millennium Management LLC acquired a new position in Teekay in the 4th quarter worth about $3,245,000. JPMorgan Chase & Co. boosted its position in Teekay by 47.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,043,479 shares of the shipping company's stock worth $7,231,000 after purchasing an additional 338,105 shares in the last quarter. Alliancebernstein L.P. boosted its position in Teekay by 738.1% during the fourth quarter. Alliancebernstein L.P. now owns 357,890 shares of the shipping company's stock worth $2,480,000 after purchasing an additional 315,190 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Teekay by 9.9% in the fourth quarter. American Century Companies Inc. now owns 2,022,149 shares of the shipping company's stock valued at $14,013,000 after purchasing an additional 181,474 shares during the period. Hedge funds and other institutional investors own 46.73% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded Teekay from a "buy" rating to a "hold" rating in a research note on Monday, May 19th.
View Our Latest Report on Teekay
Teekay Price Performance
NYSE TK traded down $0.21 on Monday, hitting $8.41. The company had a trading volume of 834,336 shares, compared to its average volume of 765,400. The company's fifty day moving average price is $7.41 and its 200-day moving average price is $7.07. The company has a market capitalization of $771.88 million, a PE ratio of 5.96 and a beta of 0.48. Teekay Co. has a 12-month low of $5.65 and a 12-month high of $9.78.
Teekay Dividend Announcement
The company also recently disclosed a -- dividend, which will be paid on Wednesday, July 16th. Investors of record on Wednesday, July 2nd will be paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. Teekay's dividend payout ratio is currently 17.73%.
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.
Featured Articles
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
