Man Group plc increased its holdings in Teekay Co. (NYSE:TK - Free Report) by 115.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 271,984 shares of the shipping company's stock after acquiring an additional 145,576 shares during the period. Man Group plc owned about 0.30% of Teekay worth $1,885,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of TK. Nisa Investment Advisors LLC purchased a new position in Teekay in the fourth quarter valued at approximately $295,000. SG Americas Securities LLC lifted its position in shares of Teekay by 28.9% during the fourth quarter. SG Americas Securities LLC now owns 45,400 shares of the shipping company's stock worth $315,000 after acquiring an additional 10,173 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Teekay by 33.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 45,770 shares of the shipping company's stock worth $317,000 after acquiring an additional 11,469 shares in the last quarter. DGS Capital Management LLC lifted its position in shares of Teekay by 13.2% during the fourth quarter. DGS Capital Management LLC now owns 43,909 shares of the shipping company's stock worth $304,000 after acquiring an additional 5,122 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Teekay by 34.9% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,025 shares of the shipping company's stock worth $153,000 after acquiring an additional 5,701 shares in the last quarter. 46.73% of the stock is owned by institutional investors.
Teekay Price Performance
Shares of NYSE:TK traded down $0.03 during trading on Thursday, hitting $8.20. 164,034 shares of the company were exchanged, compared to its average volume of 757,759. Teekay Co. has a 52-week low of $5.65 and a 52-week high of $9.95. The company has a market cap of $752.60 million, a PE ratio of 5.81 and a beta of 0.37. The stock has a 50 day moving average of $7.14 and a 200 day moving average of $7.05.
Teekay Dividend Announcement
The firm also recently disclosed a -- dividend, which will be paid on Wednesday, July 16th. Investors of record on Wednesday, July 2nd will be given a $1.00 dividend. The ex-dividend date is Wednesday, July 2nd. Teekay's dividend payout ratio (DPR) is presently 17.73%.
Analyst Upgrades and Downgrades
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 TK
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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