Bailard Inc. purchased a new position in shares of Teekay Co. (NYSE:TK - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 39,700 shares of the shipping company's stock, valued at approximately $275,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in TK. Empowered Funds LLC acquired a new position in Teekay during the 4th quarter valued at about $4,945,000. JPMorgan Chase & Co. lifted 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 valued at $6,489,000 after purchasing an additional 367,527 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Teekay by 25.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 474,428 shares of the shipping company's stock valued at $3,333,000 after purchasing an additional 96,155 shares during the period. PEAK6 Investments LLC lifted its position in Teekay by 704.1% during the 3rd quarter. PEAK6 Investments LLC now owns 55,253 shares of the shipping company's stock valued at $508,000 after purchasing an additional 64,399 shares during the period. Finally, Barclays PLC lifted its position in Teekay by 267.9% during the 3rd quarter. Barclays PLC now owns 80,046 shares of the shipping company's stock valued at $736,000 after purchasing an additional 58,290 shares during the period. Institutional investors and hedge funds own 46.73% of the company's stock.
Teekay Stock Performance
Teekay stock traded up $0.12 during trading hours on Friday, reaching $6.66. 626,797 shares of the company's stock traded hands, compared to its average volume of 680,884. Teekay Co. has a fifty-two week low of $5.98 and a fifty-two week high of $9.95. The firm has a market capitalization of $611.17 million, a price-to-earnings ratio of 4.72 and a beta of 0.56. The firm's 50 day moving average is $7.04 and its 200-day moving average is $7.64.
Teekay (NYSE:TK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The shipping company reported $0.19 earnings per share for the quarter. The business 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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