Two Sigma Investments LP lowered its stake in Teekay Co. (NYSE:TK - Free Report) by 40.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 315,216 shares of the shipping company's stock after selling 211,977 shares during the period. Two Sigma Investments LP owned 0.34% of Teekay worth $2,184,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. SG Americas Securities LLC grew its position in shares of Teekay by 28.9% during the 4th quarter. SG Americas Securities LLC now owns 45,400 shares of the shipping company's stock valued at $315,000 after buying an additional 10,173 shares during the last quarter. R Squared Ltd bought a new stake in shares of Teekay during the 4th quarter valued at about $27,000. DAVENPORT & Co LLC bought a new stake in shares of Teekay during the 4th quarter valued at about $80,000. Stratos Wealth Advisors LLC bought a new stake in shares of Teekay during the 4th quarter valued at about $93,000. Finally, Moloney Securities Asset Management LLC bought a new stake in shares of Teekay during the 4th quarter valued at about $104,000. Institutional investors own 46.73% of the company's stock.
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.
Read Our Latest Stock Report on TK
Teekay Stock Performance
Shares of NYSE:TK traded up $0.11 during trading on Thursday, reaching $8.74. The company had a trading volume of 684,304 shares, compared to its average volume of 763,124. The firm's fifty day moving average is $7.37 and its 200 day moving average is $7.07. The firm has a market capitalization of $802.19 million, a PE ratio of 6.20 and a beta of 0.37. Teekay Co. has a twelve month low of $5.65 and a twelve month high of $9.78.
Teekay Dividend Announcement
The firm also recently announced a -- dividend, which will be paid on Wednesday, July 16th. Investors of record on Wednesday, July 2nd will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, July 2nd. Teekay's dividend payout ratio is presently 17.73%.
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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