XTX Topco Ltd trimmed its position in Teekay Corporation Ltd. (NYSE:TK - Free Report) by 81.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,770 shares of the shipping company's stock after selling 83,282 shares during the period. XTX Topco Ltd's holdings in Teekay were worth $123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Teekay by 80.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 858,425 shares of the shipping company's stock valued at $5,657,000 after buying an additional 383,997 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in Teekay by 101.7% during the first quarter. Concurrent Investment Advisors LLC now owns 36,592 shares of the shipping company's stock valued at $240,000 after acquiring an additional 18,452 shares in the last quarter. Cetera Investment Advisers acquired a new position in Teekay in the fourth quarter valued at approximately $606,000. GAMMA Investing LLC boosted its position in Teekay by 381.8% in the 1st quarter. GAMMA Investing LLC now owns 4,139 shares of the shipping company's stock worth $27,000 after purchasing an additional 3,280 shares in the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of Teekay by 150.8% during the 1st quarter. GSA Capital Partners LLP now owns 135,021 shares of the shipping company's stock worth $887,000 after purchasing an additional 81,192 shares during the period. 46.73% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Wall Street Zen cut shares of Teekay from a "buy" rating to a "hold" rating in a research note on Monday, May 19th.
View Our Latest Stock Report on TK
Teekay Stock Down 1.3%
Shares of NYSE:TK traded down $0.10 during trading on Tuesday, reaching $7.45. 44,395 shares of the company's stock traded hands, compared to its average volume of 793,611. Teekay Corporation Ltd. has a fifty-two week low of $5.65 and a fifty-two week high of $9.78. The company has a 50-day simple moving average of $7.96 and a 200-day simple moving average of $7.42. The firm has a market cap of $684.12 million, a PE ratio of 5.28 and a beta of 0.49.
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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