Russell Investments Group Ltd. raised its position in Teekay Co. (NYSE:TK - Free Report) by 330.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 108,112 shares of the shipping company's stock after purchasing an additional 82,996 shares during the period. Russell Investments Group Ltd. owned 0.12% of Teekay worth $749,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Diversified Trust Co lifted its position 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 valued at $112,000 after acquiring an additional 1,879 shares during the period. Principal Financial Group Inc. lifted its position in shares of Teekay by 7.6% during 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 during the period. New York State Common Retirement Fund lifted its position in shares of Teekay by 53.4% during 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 acquiring an additional 3,000 shares during the period. R Squared Ltd acquired a new position in shares of Teekay during the 4th quarter valued at $27,000. Finally, DGS Capital Management LLC lifted its position 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 valued at $304,000 after acquiring an additional 5,122 shares during the period. Institutional investors and hedge funds own 46.73% of the company's stock.
Teekay Price Performance
Shares of Teekay stock remained flat at $7.08 during trading on Monday. 713,999 shares of the company were exchanged, compared to its average volume of 731,464. The company has a market cap of $650.20 million, a price-to-earnings ratio of 5.02 and a beta of 0.47. The company has a fifty day moving average price of $6.53 and a 200 day moving average price of $7.05. Teekay Co. has a 52 week low of $5.65 and a 52 week high of $9.95.
Teekay (NYSE:TK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The shipping company reported $0.19 EPS for the quarter. The business had revenue of $161.63 million during the quarter. Teekay had a net margin of 10.96% and a return on equity of 5.67%.
About Teekay
(
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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