Teekay Co. (NYSE:TK - Get Free Report)'s share price fell 2.2% during trading on Tuesday . The stock traded as low as $6.26 and last traded at $6.17. 17,537 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 715,448 shares. The stock had previously closed at $6.31.
Teekay Stock Performance
The company has a market cap of $601.98 million, a P/E ratio of 4.65 and a beta of 0.47. The stock has a 50-day simple moving average of $6.63 and a 200 day simple moving average of $7.27.
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 during the quarter. Teekay had a net margin of 10.96% and a return on equity of 5.67%.
Institutional Investors Weigh In On Teekay
Several institutional investors and hedge funds have recently made changes to their positions in TK. Empowered Funds LLC bought a new stake in Teekay during the fourth quarter worth about $4,945,000. Millennium Management LLC acquired a new position in shares of Teekay in the 4th quarter worth approximately $3,245,000. JPMorgan Chase & Co. grew its position in Teekay by 108.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company's stock worth $6,489,000 after acquiring an additional 367,527 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Teekay by 738.1% during the 4th quarter. Alliancebernstein L.P. now owns 357,890 shares of the shipping company's stock valued at $2,480,000 after purchasing an additional 315,190 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Teekay by 9.9% during the 4th quarter. American Century Companies Inc. now owns 2,022,149 shares of the shipping company's stock valued at $14,013,000 after purchasing an additional 181,474 shares in the last quarter. Institutional investors and hedge funds own 46.73% of the company's stock.
Teekay Company Profile
(
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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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