Teekay Co. (NYSE:TK - Get Free Report) traded up 7.1% during trading on Thursday . The stock traded as high as $8.64 and last traded at $8.63. 186,419 shares were traded during mid-day trading, a decline of 71% from the average session volume of 647,857 shares. The stock had previously closed at $8.06.
Teekay Price Performance
The stock's 50-day simple moving average is $7.37 and its two-hundred day simple moving average is $7.49. The company has a market capitalization of $787.16 million, a price-to-earnings ratio of 5.66 and a beta of 0.62. The company has a quick ratio of 5.03, a current ratio of 5.33 and a debt-to-equity ratio of 0.07.
Teekay (NYSE:TK - Get Free Report) last announced its earnings results on Thursday, February 22nd. The shipping company reported $0.34 earnings per share (EPS) for the quarter. The company had revenue of $339.19 million for the quarter. Teekay had a net margin of 10.28% and a return on equity of 9.07%.
Institutional Investors Weigh In On Teekay
Several hedge funds and other institutional investors have recently bought and sold shares of TK. State Board of Administration of Florida Retirement System increased its holdings in shares of Teekay by 27.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 158,467 shares of the shipping company's stock worth $1,154,000 after buying an additional 34,187 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Teekay by 44.2% during the first quarter. Russell Investments Group Ltd. now owns 185,818 shares of the shipping company's stock worth $1,353,000 after acquiring an additional 56,998 shares during the last quarter. Inspire Advisors LLC purchased a new stake in Teekay in the first quarter valued at $268,000. Sei Investments Co. grew its holdings in shares of Teekay by 13.4% during the 1st quarter. Sei Investments Co. now owns 537,009 shares of the shipping company's stock worth $3,909,000 after purchasing an additional 63,504 shares during the period. Finally, Empowered Funds LLC increased its position in shares of Teekay by 8.2% during the 1st quarter. Empowered Funds LLC now owns 597,898 shares of the shipping company's stock worth $4,353,000 after purchasing an additional 45,292 shares during the last quarter. 46.73% of the stock is currently owned by institutional investors and hedge funds.
Teekay Company Profile
(
Get 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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