D. E. Shaw & Co. Inc. cut its position in shares of Teekay Co. (NYSE:TK - Free Report) by 31.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 436,588 shares of the shipping company's stock after selling 204,252 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.48% of Teekay worth $3,026,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Teekay during the 4th quarter worth about $27,000. New Age Alpha Advisors LLC purchased a new stake in Teekay in the 4th quarter valued at about $56,000. New York State Common Retirement Fund boosted its position 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 buying an additional 3,000 shares during the period. Pinnacle Holdings LLC boosted its position in Teekay by 100.0% in the 4th quarter. Pinnacle Holdings LLC now owns 10,028 shares of the shipping company's stock valued at $69,000 after buying an additional 5,014 shares during the period. Finally, Denali Advisors LLC purchased a new stake in Teekay in the 4th quarter valued at about $70,000. 46.73% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Teekay from a "buy" rating to a "hold" rating in a research report on Monday.
View Our Latest Analysis on Teekay
Teekay Price Performance
Teekay stock opened at $8.44 on Tuesday. The stock has a market cap of $775.10 million, a price-to-earnings ratio of 5.99 and a beta of 0.37. Teekay Co. has a 1 year low of $5.65 and a 1 year high of $9.95. The firm has a 50-day moving average of $6.91 and a two-hundred day moving average of $7.02.
Teekay (NYSE:TK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The shipping company reported $0.19 EPS for the quarter. Teekay had a net margin of 10.96% and a return on equity of 5.67%. The business had revenue of $161.63 million during the quarter.
Teekay Dividend Announcement
The firm also recently declared a -- dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 2nd will be given a $1.00 dividend. The ex-dividend date is Wednesday, July 2nd. Teekay's payout ratio is presently 17.73%.
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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