Nuveen Asset Management LLC lowered its position in shares of Teekay Co. (NYSE:TK - Free Report) by 72.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 230,069 shares of the shipping company's stock after selling 602,408 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.25% of Teekay worth $1,594,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. Millennium Management LLC acquired a new stake in shares of Teekay in the fourth quarter valued at $3,245,000. Graham Capital Management L.P. purchased a new stake in Teekay in the 4th quarter valued at approximately $754,000. First Manhattan CO. LLC. purchased a new position in Teekay in the fourth quarter valued at about $157,000. Cetera Investment Advisers acquired a new stake in shares of Teekay during the 4th quarter valued at approximately $606,000. Finally, Centiva Capital LP acquired a new position in shares of Teekay during the 4th quarter worth approximately $361,000. 46.73% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded Teekay from a "buy" rating to a "hold" rating in a report on Monday, May 19th.
View Our Latest Research Report on Teekay
Teekay Trading Down 1.2%
NYSE:TK traded down $0.11 during midday trading on Friday, hitting $8.62. 608,676 shares of the stock were exchanged, compared to its average volume of 764,102. Teekay Co. has a one year low of $5.65 and a one year high of $9.78. The company has a market capitalization of $791.17 million, a price-to-earnings ratio of 6.11 and a beta of 0.48. The business has a 50-day moving average price of $7.41 and a two-hundred day moving average price of $7.07.
Teekay Announces Dividend
The company also recently announced a -- dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, July 2nd. Teekay's dividend payout ratio is 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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