Tudor Investment Corp ET AL Acquires 267,743 Shares of Teekay Corporation Ltd. $TK

Key Points

• Tudor Investment Corp boosted its stake in Teekay by 191% in Q3, purchasing 267,743 shares to own 407,901 shares (about 0.44% of the company) valued at $3.34 million.
• Other institutions also grew exposure — notably Millennium Management raised its holding to 1,188,289 shares (a 153.8% increase) — and institutional investors now own roughly 46.73% of Teekay.
• Teekay trades around $12.32 with a market cap of $1.06 billion and a P/E of 10.9, reported $0.37 EPS for the quarter, and carries a consensus analyst rating of Hold.

Tudor Investment Corp ET AL raised its holdings in Teekay Corporation Ltd. (NYSE:TK - Free Report) by 191.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 407,901 shares of the shipping company's stock after purchasing an additional 267,743 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.44% of Teekay worth $3,337,000 as of its most recent SEC filing.

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

Teekay Stock Performance

NYSE TK opened at $12.32 on Friday. The stock has a fifty day moving average of $11.84 and a 200-day moving average of $10.15. The stock has a market capitalization of $1.06 billion, a P/E ratio of 10.91 and a beta of 0.18. Teekay Corporation Ltd. has a 52 week low of $6.13 and a 52 week high of $13.76.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Weiss Ratings reissued a "hold (c-)" rating on shares of Teekay in a research note on Monday, December 29th. Wall Street Zen cut Teekay from a "buy" rating to a "hold" rating in a research note on Sunday, March 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Teekay currently has a consensus rating of "Hold".

Teekay Company Profile

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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