Schonfeld Strategic Advisors LLC bought a new position in Teekay Co. (NYSE:TK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 31,400 shares of the shipping company's stock, valued at approximately $218,000.
A number of other hedge funds also recently bought and sold shares of the company. Barclays PLC increased its stake in Teekay by 267.9% in the 3rd quarter. Barclays PLC now owns 80,046 shares of the shipping company's stock worth $736,000 after purchasing an additional 58,290 shares during the period. JPMorgan Chase & Co. increased its stake in Teekay by 108.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company's stock worth $6,489,000 after purchasing an additional 367,527 shares during the period. Nisa Investment Advisors LLC purchased a new position in Teekay in the 4th quarter worth approximately $295,000. SG Americas Securities LLC increased its stake in Teekay by 28.9% in the 4th quarter. SG Americas Securities LLC now owns 45,400 shares of the shipping company's stock worth $315,000 after purchasing an additional 10,173 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in shares of Teekay by 33.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 45,770 shares of the shipping company's stock valued at $317,000 after buying an additional 11,469 shares during the period. Institutional investors own 46.73% of the company's stock.
Teekay Stock Up 2.2%
Shares of TK traded up $0.18 during mid-day trading on Friday, hitting $8.37. 1,467,254 shares of the company's stock traded hands, compared to its average volume of 759,185. Teekay Co. has a 1 year low of $5.65 and a 1 year high of $9.95. The firm has a market capitalization of $768.67 million, a P/E ratio of 5.94 and a beta of 0.37. The business's 50-day moving average price is $6.86 and its 200-day moving average price is $7.03.
Teekay (NYSE:TK - Get Free Report) last posted its earnings results on Wednesday, February 19th. The shipping company reported $0.19 earnings per share (EPS) for the quarter. Teekay had a return on equity of 5.67% and a net margin of 10.96%. The firm had revenue of $161.63 million for the quarter.
Teekay Dividend Announcement
The firm also recently announced a -- dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, July 2nd. Teekay's dividend payout ratio (DPR) is presently 17.73%.
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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