PEAK6 LLC purchased a new stake in Teekay Co. (NYSE:TK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 41,887 shares of the shipping company's stock, valued at approximately $290,000.
Several other institutional investors and hedge funds also recently made changes to their positions in TK. Legal & General Group Plc lifted its position in shares of Teekay by 17.9% in the fourth quarter. Legal & General Group Plc now owns 11,719 shares of the shipping company's stock worth $81,000 after purchasing an additional 1,781 shares in the last quarter. Diversified Trust Co boosted its stake in shares of Teekay by 13.2% during the 4th quarter. Diversified Trust Co now owns 16,090 shares of the shipping company's stock worth $112,000 after buying an additional 1,879 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of 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 acquiring an additional 2,109 shares in the last quarter. Barclays PLC increased its position in shares of Teekay by 3.3% in the fourth quarter. Barclays PLC now owns 82,695 shares of the shipping company's stock valued at $573,000 after acquiring an additional 2,649 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in Teekay by 53.4% during the fourth quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company's stock valued at $60,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 46.73% of the company's stock.
Teekay Trading Up 4.1 %
Shares of NYSE:TK traded up $0.28 during trading on Friday, hitting $7.09. 912,537 shares of the company were exchanged, compared to its average volume of 731,534. 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 $651.12 million, a price-to-earnings ratio of 5.03 and a beta of 0.47. The firm has a fifty day moving average price of $6.52 and a two-hundred day moving average price of $7.07.
Teekay (NYSE:TK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The shipping company reported $0.19 earnings per share (EPS) for the quarter. The firm had revenue of $161.63 million for the quarter. Teekay had a net margin of 10.96% and a return on equity of 5.67%.
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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