Ritholtz Wealth Management acquired a new position in Teekay Corporation Ltd. (NYSE:TK - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 130,621 shares of the shipping company's stock, valued at approximately $858,000. Ritholtz Wealth Management owned 0.14% of Teekay as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. Legal & General Group Plc lifted its holdings in Teekay by 17.9% in the fourth quarter. Legal & General Group Plc now owns 11,719 shares of the shipping company's stock worth $81,000 after purchasing an additional 1,781 shares during the period. SummerHaven Investment Management LLC lifted its holdings in Teekay by 2.2% in the first quarter. SummerHaven Investment Management LLC now owns 95,486 shares of the shipping company's stock worth $627,000 after purchasing an additional 2,014 shares during the period. Principal Financial Group Inc. lifted its holdings in Teekay by 7.6% in the fourth quarter. Principal Financial Group Inc. now owns 30,012 shares of the shipping company's stock worth $208,000 after purchasing an additional 2,109 shares during the period. Barclays PLC lifted its holdings in Teekay by 3.3% in the fourth quarter. Barclays PLC now owns 82,695 shares of the shipping company's stock worth $573,000 after purchasing an additional 2,649 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in Teekay by 53.4% in the fourth quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company's stock worth $60,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 46.73% of the company's stock.
Teekay Stock Down 0.3%
Teekay stock traded down $0.03 during midday trading on Thursday, hitting $9.24. The company's stock had a trading volume of 1,124,790 shares, compared to its average volume of 777,714. The stock's 50-day moving average price is $7.89 and its 200-day moving average price is $7.15. Teekay Corporation Ltd. has a 12 month low of $5.65 and a 12 month high of $9.78. The company has a market capitalization of $848.60 million, a PE ratio of 6.55 and a beta of 0.48.
Teekay Dividend Announcement
The firm also recently declared 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 is Wednesday, July 2nd.
Analyst Ratings Changes
Separately, Wall Street Zen cut shares of Teekay from a "buy" rating to a "hold" rating in a research report on Monday, May 19th.
View Our Latest Research Report on Teekay
Teekay Company Profile
(
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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