Teekay Corporation Ltd. $TK Shares Bought by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp ET AL boosted its Teekay stake by 191.0% in Q3, adding 267,743 shares to hold 407,901 shares (about 0.44% of the company) valued at roughly $3.34 million.
• Other institutional moves were significant too—Millennium Management raised its stake by 153.8% to 1,188,289 shares (~$7.81M), and institutional investors now own 46.73% of Teekay.
• Teekay stock opened at $11.84 (52‑week range $5.65–$13.76) with a market cap of ~$1.09B and a P/E of 10.47, and Wall Street Zen recently upgraded the shares to a "Buy" while the consensus rating remains "Hold".

Tudor Investment Corp ET AL lifted its holdings in shares of Teekay Corporation Ltd. (NYSE:TK - Free Report) by 191.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 407,901 shares of the shipping company's stock after acquiring an additional 267,743 shares during the period. Tudor Investment Corp ET AL owned approximately 0.44% of Teekay worth $3,337,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TK. Cubist Systematic Strategies LLC acquired a new stake in Teekay in the 1st quarter worth approximately $48,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Teekay by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,460 shares of the shipping company's stock worth $213,000 after buying an additional 1,404 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Teekay by 153.8% in the first quarter. Millennium Management LLC now owns 1,188,289 shares of the shipping company's stock worth $7,807,000 after buying an additional 720,093 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Teekay during the first quarter worth $267,000. Finally, Jane Street Group LLC lifted its stake in shares of Teekay by 82.3% during the first quarter. Jane Street Group LLC now owns 160,068 shares of the shipping company's stock worth $1,052,000 after buying an additional 72,240 shares during the period. Institutional investors and hedge funds own 46.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TK shares. Wall Street Zen raised Teekay from a "hold" rating to a "buy" rating in a research report on Saturday, March 21st. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Teekay in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Teekay currently has an average rating of "Hold".

Teekay Stock Down 1.4%

Shares of TK stock opened at $11.84 on Friday. Teekay Corporation Ltd. has a 52-week low of $5.65 and a 52-week high of $13.76. The stock has a market cap of $1.09 billion, a PE ratio of 10.47 and a beta of 0.13. The business has a 50-day simple moving average of $11.26 and a 200-day simple moving average of $9.86.

Teekay (NYSE:TK - Get Free Report) last announced its quarterly earnings results on Friday, March 13th. The shipping company reported $0.37 earnings per share for the quarter. Teekay had a return on equity of 4.76% and a net margin of 10.33%.The company had revenue of $243.09 million during the quarter.

About Teekay

Teekay Corporation NYSE: TK is a global provider of marine transportation and offshore production solutions for the energy industry. Founded in 1973 and headquartered in Vancouver, Canada, Teekay designs, owns and operates a diversified fleet of tankers and floating production, storage and offloading (FPSO) units. The company specializes in the movement and storage of crude oil, liquefied natural gas (LNG) and liquefied petroleum gas (LPG), offering integrated services that range from tanker transport to offshore production and marine maintenance.

Teekay's core business is organized into three operating segments.

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