JPMorgan Chase & Co. raised its position in shares of Teekay Co. (NYSE:TK - Free Report) by 47.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,043,479 shares of the shipping company's stock after acquiring an additional 338,105 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.14% of Teekay worth $7,231,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the company. Diversified Trust Co lifted its stake in Teekay by 13.2% in the 4th quarter. Diversified Trust Co now owns 16,090 shares of the shipping company's stock worth $112,000 after purchasing an additional 1,879 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Teekay by 7.6% in the 4th quarter. Principal Financial Group Inc. now owns 30,012 shares of the shipping company's stock valued at $208,000 after purchasing an additional 2,109 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Teekay by 53.4% in the 4th quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company's stock valued at $60,000 after buying an additional 3,000 shares during the period. R Squared Ltd purchased a new stake in shares of Teekay in the 4th quarter valued at approximately $27,000. Finally, DGS Capital Management LLC increased its holdings in shares of Teekay by 13.2% during the 4th quarter. DGS Capital Management LLC now owns 43,909 shares of the shipping company's stock worth $304,000 after buying an additional 5,122 shares during the last quarter. Institutional investors and hedge funds own 46.73% of the company's stock.
Teekay Price Performance
Shares of NYSE:TK traded down $0.03 during midday trading on Tuesday, reaching $6.48. 674,651 shares of the company's stock were exchanged, compared to its average volume of 726,633. The firm's 50 day simple moving average is $6.55 and its two-hundred day simple moving average is $7.14. Teekay Co. has a fifty-two week low of $5.65 and a fifty-two week high of $9.95. The stock has a market cap of $594.64 million, a price-to-earnings ratio of 4.59 and a beta of 0.47.
Teekay (NYSE:TK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The shipping company reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $161.63 million during the quarter. Teekay had a return on equity of 5.67% and a net margin of 10.96%.
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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