BNP Paribas Financial Markets bought a new position in shares of Teekay Co. (NYSE:TK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 36,306 shares of the shipping company's stock, valued at approximately $252,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Algert Global LLC acquired a new stake in shares of Teekay during the fourth quarter worth $78,000. Schonfeld Strategic Advisors LLC acquired a new position in Teekay during the fourth quarter valued at $218,000. Northern Trust Corp raised its position in Teekay by 2.7% during the fourth quarter. Northern Trust Corp now owns 442,077 shares of the shipping company's stock valued at $3,064,000 after buying an additional 11,781 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Teekay during the fourth quarter valued at $140,000. Finally, Tudor Investment Corp ET AL raised its position in Teekay by 24.0% during the fourth quarter. Tudor Investment Corp ET AL now owns 41,327 shares of the shipping company's stock valued at $286,000 after buying an additional 8,011 shares during the period. 46.73% of the stock is owned by institutional investors and hedge funds.
Teekay Stock Performance
NYSE:TK traded up $0.14 during trading hours on Monday, hitting $8.59. 849,148 shares of the company's stock traded hands, compared to its average volume of 763,462. The firm has a market cap of $788.41 million, a P/E ratio of 6.09 and a beta of 0.37. Teekay Co. has a twelve month low of $5.65 and a twelve month high of $9.89. The stock's fifty day moving average price is $7.25 and its two-hundred day moving average price is $7.05.
Teekay Announces Dividend
The company also recently announced a -- dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Wednesday, July 2nd will be given a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. Teekay's payout ratio is currently 17.73%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered Teekay from a "buy" rating to a "hold" rating in a research report on Monday, May 19th.
Get Our Latest Analysis on Teekay
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.
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