Invesco Ltd. lessened its position in Teekay Corporation Ltd. (NYSE:TK - Free Report) by 22.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 174,317 shares of the shipping company's stock after selling 49,160 shares during the period. Invesco Ltd. owned approximately 0.19% of Teekay worth $1,145,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in TK. Koss Olinger Consulting LLC boosted its stake in shares of Teekay by 12.8% in the first quarter. Koss Olinger Consulting LLC now owns 86,058 shares of the shipping company's stock valued at $565,000 after buying an additional 9,737 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Teekay by 16.0% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,543 shares of the shipping company's stock valued at $168,000 after acquiring an additional 3,518 shares during the period. GSA Capital Partners LLP boosted its position in shares of Teekay by 150.8% during the 1st quarter. GSA Capital Partners LLP now owns 135,021 shares of the shipping company's stock worth $887,000 after purchasing an additional 81,192 shares in the last quarter. Bell & Brown Wealth Advisors LLC boosted its position in shares of Teekay by 4.1% during the 1st quarter. Bell & Brown Wealth Advisors LLC now owns 199,603 shares of the shipping company's stock worth $1,311,000 after purchasing an additional 7,825 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new position in shares of Teekay during the 1st quarter worth $4,758,000. 46.73% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered Teekay from a "buy" rating to a "hold" rating in a report on Monday, May 19th.
Read Our Latest Research Report on Teekay
Teekay Stock Performance
TK stock opened at $8.15 on Wednesday. The company has a 50 day moving average price of $7.77 and a two-hundred day moving average price of $7.48. The stock has a market capitalization of $748.04 million, a P/E ratio of 5.78 and a beta of 0.49. Teekay Corporation Ltd. has a one year low of $5.65 and a one year high of $9.78.
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.
Further Reading
Want to see what other hedge funds are holding TK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teekay Corporation Ltd. (NYSE:TK - Free Report).
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