Quantbot Technologies LP cut its holdings in shares of Teekay Corporation Ltd. (NYSE:TK - Free Report) by 92.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,285 shares of the shipping company's stock after selling 129,417 shares during the quarter. Quantbot Technologies LP's holdings in Teekay were worth $74,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of TK. GAMMA Investing LLC increased its position in shares of Teekay by 381.8% during the first quarter. GAMMA Investing LLC now owns 4,139 shares of the shipping company's stock worth $27,000 after acquiring an additional 3,280 shares during the period. Parallel Advisors LLC grew its stake in Teekay by 68.2% during the 1st quarter. Parallel Advisors LLC now owns 7,406 shares of the shipping company's stock worth $49,000 after purchasing an additional 3,002 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Teekay by 20.9% during the 1st quarter. New York State Common Retirement Fund now owns 10,425 shares of the shipping company's stock worth $68,000 after purchasing an additional 1,802 shares during the period. Bayesian Capital Management LP acquired a new stake in Teekay in the 4th quarter valued at about $73,000. Finally, PharVision Advisers LLC acquired a new stake in Teekay in the 4th quarter valued at about $75,000. Institutional investors and hedge funds own 46.73% of the company's stock.
Teekay Trading Up 2.6%
TK stock traded up $0.22 during trading on Wednesday, hitting $8.36. 300,252 shares of the company's stock were exchanged, compared to its average volume of 779,745. The business 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 $767.32 million, a price-to-earnings ratio of 5.93 and a beta of 0.49. Teekay Corporation Ltd. has a 52-week low of $5.65 and a 52-week high of $9.78.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded Teekay from a "buy" rating to a "hold" rating in a research report on Monday, May 19th.
View Our Latest Stock Report 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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