Tidal Investments LLC acquired a new position in shares of Teekay Co. (NYSE:TK - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 32,685 shares of the shipping company's stock, valued at approximately $227,000.
A number of other hedge funds have also made changes to their positions in TK. American Century Companies Inc. boosted its holdings in Teekay by 9.9% in the fourth quarter. American Century Companies Inc. now owns 2,022,149 shares of the shipping company's stock valued at $14,013,000 after purchasing an additional 181,474 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of Teekay by 1.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,877,818 shares of the shipping company's stock valued at $13,013,000 after buying an additional 34,681 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Teekay by 47.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,043,479 shares of the shipping company's stock valued at $7,231,000 after buying an additional 338,105 shares in the last quarter. Empowered Funds LLC acquired a new stake in Teekay during the 4th quarter worth $4,945,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Teekay by 25.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 474,428 shares of the shipping company's stock valued at $3,333,000 after acquiring an additional 96,155 shares during the last quarter. Hedge funds and other institutional investors own 46.73% of the company's stock.
Teekay Stock Up 1.2%
TK traded up $0.10 during trading on Wednesday, hitting $8.63. 150,732 shares of the stock were exchanged, compared to its average volume of 761,729. Teekay Co. has a 1-year low of $5.65 and a 1-year high of $9.85. The stock has a fifty day moving average price of $7.29 and a two-hundred day moving average price of $7.06. The firm has a market capitalization of $792.91 million, a P/E ratio of 6.09 and a beta of 0.37.
Teekay Dividend Announcement
The firm also recently declared 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 of this dividend is Wednesday, July 2nd. Teekay's dividend payout ratio (DPR) is 17.73%.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered Teekay from a "buy" rating to a "hold" rating in a report on Monday, May 19th.
Get Our Latest Stock Report on Teekay
Teekay 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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