Charles Schwab Investment Management Inc. lessened its stake in shares of Teekay Co. (NYSE:TK - Free Report) by 38.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 374,291 shares of the shipping company's stock after selling 231,350 shares during the period. Charles Schwab Investment Management Inc. owned 0.41% of Teekay worth $2,594,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of TK. Bailard Inc. acquired a new position in Teekay during the 4th quarter worth approximately $275,000. Denali Advisors LLC bought a new position in Teekay in the 4th quarter valued at about $70,000. Navellier & Associates Inc. increased its holdings in Teekay by 65.8% during the 4th quarter. Navellier & Associates Inc. now owns 70,963 shares of the shipping company's stock worth $492,000 after purchasing an additional 28,151 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of Teekay in the fourth quarter valued at approximately $126,000. Finally, New York State Common Retirement Fund boosted its position in shares of Teekay by 53.4% during the fourth quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company's stock valued at $60,000 after buying an additional 3,000 shares during the last quarter. 46.73% of the stock is owned by institutional investors.
Teekay Stock Down 1.3 %
NYSE TK traded down $0.09 on Monday, reaching $6.59. The company had a trading volume of 680,651 shares, compared to its average volume of 712,773. The stock has a market capitalization of $604.74 million, a P/E ratio of 4.67 and a beta of 0.56. The company's fifty day moving average is $6.81 and its 200 day moving average is $7.46. Teekay Co. has a 52-week low of $5.98 and a 52-week high of $9.95.
Teekay (NYSE:TK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The shipping company reported $0.19 earnings per share (EPS) for the quarter. Teekay had a net margin of 10.96% and a return on equity of 5.67%. The business had revenue of $161.63 million during the quarter.
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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