130,621 Shares in Teekay Corporation Ltd. (NYSE:TK) Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management acquired a new position in Teekay Corporation Ltd. (NYSE:TK - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 130,621 shares of the shipping company's stock, valued at approximately $858,000. Ritholtz Wealth Management owned about 0.14% of Teekay as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of TK. Savant Capital LLC bought a new stake in Teekay during the fourth quarter valued at $95,000. Allspring Global Investments Holdings LLC boosted its position in Teekay by 25.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 474,428 shares of the shipping company's stock valued at $3,333,000 after acquiring an additional 96,155 shares during the last quarter. Rhumbline Advisers boosted its position in Teekay by 8.3% during the fourth quarter. Rhumbline Advisers now owns 118,429 shares of the shipping company's stock valued at $821,000 after acquiring an additional 9,086 shares during the last quarter. Principal Financial Group Inc. boosted its position in Teekay by 7.6% during the fourth quarter. Principal Financial Group Inc. now owns 30,012 shares of the shipping company's stock valued at $208,000 after acquiring an additional 2,109 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in Teekay by 53.4% during the fourth quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company's stock valued at $60,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors own 46.73% of the company's stock.

Teekay Stock Performance

Shares of NYSE TK traded down $0.22 during trading on Friday, hitting $9.03. 1,639,608 shares of the company traded hands, compared to its average volume of 782,485. The business's fifty day moving average is $7.94 and its 200 day moving average is $7.16. Teekay Corporation Ltd. has a fifty-two week low of $5.65 and a fifty-two week high of $9.78. The firm has a market capitalization of $828.86 million, a price-to-earnings ratio of 6.40 and a beta of 0.48.

Teekay Announces Dividend

The business also recently disclosed a -- dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, July 2nd.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Teekay from a "buy" rating to a "hold" rating in a report on Monday, May 19th.

About Teekay

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.