Empowered Funds LLC bought a new stake in shares of Teekay Co. (NYSE:TK - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 713,591 shares of the shipping company's stock, valued at approximately $4,945,000. Empowered Funds LLC owned about 0.78% of Teekay as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Teekay during the 4th quarter worth $27,000. DAVENPORT & Co LLC purchased a new position in shares of Teekay during the 4th quarter worth $80,000. Stratos Wealth Advisors LLC purchased a new position in shares of Teekay during the 4th quarter worth $93,000. MML Investors Services LLC purchased a new position in shares of Teekay during the 3rd quarter worth $100,000. Finally, Moloney Securities Asset Management LLC purchased a new position in shares of Teekay in the 4th quarter worth $104,000. Institutional investors and hedge funds own 46.73% of the company's stock.
Teekay Stock Performance
Shares of TK traded down $0.15 during trading hours on Friday, hitting $7.03. The stock had a trading volume of 791,625 shares, compared to its average volume of 648,899. The firm has a market cap of $645.18 million, a P/E ratio of 4.68 and a beta of 0.51. The company's fifty day simple moving average is $6.95 and its 200 day simple moving average is $7.74. Teekay Co. has a 12-month low of $5.98 and a 12-month high of $9.95.
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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