Tidal Investments LLC bought a new position in Teekay Co. (NYSE:TK - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 32,685 shares of the shipping company's stock, valued at approximately $227,000.
Several other institutional investors have also modified their holdings of the stock. State of Wyoming grew its holdings in shares of Teekay by 60.5% in the fourth quarter. State of Wyoming now owns 39,306 shares of the shipping company's stock valued at $272,000 after purchasing an additional 14,809 shares during the period. ProShare Advisors LLC boosted its holdings in Teekay by 43.2% in the 4th quarter. ProShare Advisors LLC now owns 15,476 shares of the shipping company's stock valued at $107,000 after purchasing an additional 4,665 shares during the last quarter. Man Group plc boosted its holdings in Teekay by 115.2% in the 4th quarter. Man Group plc now owns 271,984 shares of the shipping company's stock valued at $1,885,000 after purchasing an additional 145,576 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Teekay in the 4th quarter valued at approximately $3,245,000. Finally, Graham Capital Management L.P. acquired a new stake in shares of Teekay during the 4th quarter worth approximately $754,000. Hedge funds and other institutional investors own 46.73% of the company's stock.
Analysts Set New Price Targets
Separately, Wall Street Zen cut Teekay from a "buy" rating to a "hold" rating in a report on Monday, May 19th.
Check Out Our Latest Analysis on TK
Teekay Stock Performance
Shares of Teekay stock traded up $0.10 during trading hours on Wednesday, hitting $8.63. The company's stock had a trading volume of 851,274 shares, compared to its average volume of 763,797. The stock has a market cap of $792.54 million, a price-to-earnings ratio of 6.12 and a beta of 0.37. Teekay Co. has a twelve month low of $5.65 and a twelve month high of $9.80. The firm has a fifty day moving average of $7.33 and a 200-day moving average of $7.07.
Teekay Dividend Announcement
The business also recently disclosed a -- dividend, which will be paid on Wednesday, July 16th. Investors 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 payout ratio is currently 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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