Shares of Teekay Co. (NYSE:TK - Get Free Report) traded down 3.3% on Friday . The stock traded as low as $8.50 and last traded at $8.44. 112,842 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 760,621 shares. The stock had previously closed at $8.72.
Analyst Ratings Changes
Separately, Wall Street Zen lowered shares of Teekay from a "buy" rating to a "hold" rating in a research note on Monday, May 19th.
Check Out Our Latest Stock Analysis on TK
Teekay Trading Down 2.0%
The firm has a 50-day moving average price of $7.37 and a 200-day moving average price of $7.07. The company has a market capitalization of $784.74 million, a price-to-earnings ratio of 6.05 and a beta of 0.48.
Teekay Announces Dividend
The company also recently announced a -- dividend, which will be paid on Wednesday, July 16th. Investors of record on Wednesday, July 2nd will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. Teekay's dividend payout ratio is currently 17.73%.
Institutional Investors Weigh In On Teekay
Hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio bought a new position in shares of Teekay in the first quarter valued at $511,000. Jane Street Group LLC grew its holdings in shares of Teekay by 82.3% in the 1st quarter. Jane Street Group LLC now owns 160,068 shares of the shipping company's stock worth $1,052,000 after acquiring an additional 72,240 shares during the last quarter. Empowered Funds LLC raised its position in shares of Teekay by 2.1% during the first quarter. Empowered Funds LLC now owns 728,232 shares of the shipping company's stock worth $4,784,000 after purchasing an additional 14,641 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Teekay during the first quarter worth $267,000. Finally, Millennium Management LLC boosted its position in shares of Teekay by 153.8% in the 1st quarter. Millennium Management LLC now owns 1,188,289 shares of the shipping company's stock valued at $7,807,000 after purchasing an additional 720,093 shares during the period. 46.73% of the stock is currently owned by institutional investors.
About Teekay
(
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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